Going Concern Considerations for Governments
What happens when there's doubt a business or government agency can stay afloat?
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From Policy to Planning: What the Latest One Big Beautiful Bill Changes Mean
The OBBB introduces several changes to tax policy that impact both businesses and individuals.
Read MorePanel Discussion Recap: From Policy to Planning: What the Latest One Big Beautiful Bill Changes Mean
This panel discussion was held on September 25, 2025, with experts from Lumsden McCormick and Bond, Schoeneck & King.
Read MoreThe Purpose of an Irrevocable Life Insurance Trust
An Irrevocable Life Insurance Trust (ILIT) can help keep life insurance proceeds out of your taxable estate, reducing potential estate tax liability. By transferring ownership of a policy to an ILIT or having the trust purchase a new policy, you ensure the death benefit passes tax-free to beneficiaries.
Read MoreAdd Giving Tuesday to Your Fundraising Efforts
Giving Tuesday is a global movement that inspires generosity during the holiday season, encouraging nonprofits, businesses, and individuals to give back through donations, advocacy, and volunteerism. It offers organizations a powerful opportunity to raise funds, build awareness, and engage their communities.
Read MoreTax Court Decision Offers Insights into Strong Recordkeeping Policies
Strong recordkeeping is essential for business success, helping ensure accurate financial reporting, compliance, and the ability to defend tax deductions. A recent tax court case highlights how poor documentation can lead to denied deductions and penalties, underscoring the need for practices like separating business and personal finances, maintaining contemporaneous records, and using reliable accounting systems.
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