By Ryan J. McDonell, CPA, MSA, MSLT, Tax Director Among new tax strategies for businesses, there is a tax provision to immediately and fully expense the cost of certain new manufacturing and production facilities. This incentive, known as the special depreciation...
By Kevin J. Bonnett, CPA, Vice President & Director On February 20, 2026, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant authority to impose tariffs through executive order. As a result, all tariffs...
By Charles R. Kennedy, CPA, MBA, Vice President & Director of Tax Services An important decision to make when filing your individual income tax return is whether to claim the standard deduction or to itemize deductions. A change under the One Big Beautiful Bill...
By Ryan J. McDonell, CPA, MSA, MSLT, Tax Director The One Big Beautiful Bill Act (OBBBA) introduces a new 1% excise tax under IRS Code Section 4475 on certain international money transfers, which will take effect for transfers made after December 31, 2025. This new...
By Charles R. Kennedy, CPA, MBA, Vice President & Director of Tax Services Emerging from the One Big Beautiful Bill Act (OBBBA) are several tax-planning opportunities for individuals considering converting a traditional IRA to a Roth IRA. For those with...
By Kevin J. Bonnett, CPA, Vice President & Director Under the provisions of the SECURE 2.0 Act beginning on January 1, 2026, the catch-up contribution rules for certain plan participants in 401(k), 403(b) and 457(b) government plans are changing. This change...
