Insights

New Tax-Saving Opportunities for Manufacturers in Rural Qualified Opportunity Zones

OBBB has made the Qualified Opportunity Zone (QOZ) program permanent and introduced enhanced tax incentives for manufacturers building in rural QOZs, including the creation of Qualified Rural Opportunity Funds (QROFs) that offer a 30% basis step-up after five years. These changes make rural QOZs especially attractive for manufacturers seeking funding and long-term tax savings, with additional advantages such as a lower improvement threshold and extended capital gains exclusions.

Year-End Strategies for Accrual-Basis Businesses

Accrual-basis businesses can reduce their 2025 tax liability by recognizing expenses incurred this year, even if payment occurs in 2026 including wages, taxes, and utilities. Reviewing prepaid expenses, writing off uncollectible receivables, and properly timing income and deductions are key strategies for year-end tax planning.

The Benefits of a Residuary Clause in Your Will

A residuary clause in a will ensures that any assets not specifically mentioned—such as forgotten accounts or newly acquired property—are distributed according to your wishes. Without it, those assets may be subject to state intestacy laws, potentially leading to legal complications and family disputes.

New Tech, New Risks: How Nonprofits Can Stay Ahead

Emerging technologies like AI offer nonprofits powerful tools to improve efficiency, but they also introduce new cybersecurity risks. Engaging IT teams, tech-savvy board members, and expert advisors can help nonprofits strengthen controls while maximizing tech benefits.

Year-End Tax Strategy: What Business Expenses Still Count

As 2025 winds down, now is the time to review your business expenses and lock in potential tax savings. This article breaks down what’s still deductible under the latest tax laws, including updates from the One Big Beautiful Bill (OBBB) and the TCJA, and offers practical tips to help you plan ahead for 2026.

Choosing the Right Board Structure for Your Nonprofit

Nonprofit boards typically follow one of three models: policy, working, or hybrid. Policy boards focus on governance and strategic oversight, working boards handle hands-on tasks for early-stage organizations, and hybrid boards combine both approaches for flexibility during growth or transitions.

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