By Ryan J. McDonell, CPA, MSA, MSLT The One Big Beautiful Bill Act (OBBBA) includes several depreciation changes that will help small businesses. Here are the changes that you should be aware of: 100% Bonus Depreciation Restored The new law permanently restores 100%...
By Charles R. Kennedy, CPA, MBA Vice President Director of Tax Services After passage of the One Big Beautiful Bill Act (OBBBA), the US Department of the Treasury and Internal Revenue Service are clarifying definitions and provisions for the tax-related portions of...
By Ryan J. McDonell, CPA, MSA, MSLT Tax Director Over the Fourth of July weekend, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This sweeping reconciliation package addresses a wide range of policy areas, including tax reform, defense...
By Kevin J. Bonnett, CPA Vice President & Director There is a lot of concern among manufacturing, distribution and other business clients about tariffs. One of our distribution clients purchases the majority of their product from China and is limited by time and...
By Ryan J. McDonell, CPA, MSA, MSLT Tax Director Businesses often turn to independent contractors to supplement their workforce when faced with staffing shortages and inflation. While independent contractors can be a valuable resource, businesses should be cautious to...
By Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Stock, mutual fund and ETF prices have bounced around lately. Investors may see a loss generated on the sale of a security as helping offset gains that have already been realized. However,...
