2026 Year-End Tax Planning Guide for Businesses

For charitably inclined New Yorkers, year-end giving can provide meaningful support to important causes while also creating potential income tax benefits. However, taxpayers making numerous donations throughout the year are also responsible for maintaining records to substantiate those deductions. That recordkeeping obligation has become particularly relevant as taxpayers and tax professionals encounter New York State […]

The One Big Beautiful Bill (OBBB) Act, signed into law on July 4, 2025, rewrote several rules that affect how you give and how you pass wealth to the next generation. Most provisions took effect in 2026, so 2027 will be the first year many taxpayers plan around them from the start. Charitable Deductions Look […]

Donor restrictions can limit how contributions may be used (such as to fund a program) or when they may be used. Those terms can help connect donor priorities with your nonprofit’s work. But they also create obligations that your organization must understand and monitor. Using a gift in a way that violates its terms can […]

For most small business owners, strong revenue growth is something to celebrate. But a profitable year can also significantly increase your income tax liability. If your business is on track for a banner year, now is the time to evaluate tax-reduction strategies. Here’s some guidance for sole proprietors and owners of pass-through entities (such as […]