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 […]
Read This InsightDonor 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.
Read MoreFor most small business owners, strong revenue growth is something to celebrate. But a profitable year can also significantly increase your income tax liability.
Read MoreModern families come in many forms. A household may include biological children, adopted children, stepchildren, or children of an unmarried partner.
Read MoreA successful fundraising campaign can generate commitments that stretch well beyond the current year. Those pledges can help your nonprofit plan ahead.
Read MoreAs year-end approaches, manufacturers should review their tax position before the books close and identify opportunities to reduce their tax burden. Here are some common strategies — including both tried-and-true and more recently available — that you can execute before year end to minimize your business’s tax liability.
Read MoreIRS audit rates remain relatively low, but that’s little consolation if the IRS selects your return for an examination. Although most taxpayers will never face an audit, business owners often have more complex tax situations that can attract IRS attention.
Read More