Webinar Recap: One Big, Beautiful Bill
This presentation by Lumsden McCormick, One Big, Beautiful Bill Webinar, covered key tax changes for businesses, individuals, and international taxpayers under the OBBB.
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10 Strategies to Protect Your Manufacturing Company from Ransomware
Ransomware attacks pose a significant threat to manufacturers, disrupting operations and jeopardizing supply chains. Implementing proactive measures such as robust backups, network segmentation, employee training, and incident response planning can dramatically reduce risk.
Read MoreYou’ve Been Asked to Be an Executor – Are You Ready?
Being named an executor of an estate is a significant honor, but it comes with complex legal and financial responsibilities. From securing death certificates and managing probate to settling debts, filing taxes, and distributing assets, the role demands careful organization and clear communication with beneficiaries.
Read MoreYou’ve Been Asked to Be an Executor – Are You Ready?
Being named an executor of an estate is a significant honor, but it comes with complex legal and financial responsibilities. From securing death certificates and managing probate to settling debts, filing taxes, and distributing assets, the role demands careful organization and clear communication with beneficiaries.
Read MoreHow Switching to an S Corporation Can Lower Your Self-Employment Tax Bill
Converting your unincorporated small business to an S corporation can significantly reduce your self-employment tax liability by allowing you to take part of your income as distributions rather than salary. While this strategy offers tax advantages, it also comes with administrative requirements and considerations around reasonable compensation and retirement contributions.
Read MoreOBBB Effective Dates for Businesses
The OBBB outlines key tax changes for businesses, including enhanced deductions and reporting thresholds starting in 2025. Highlights include 100% bonus depreciation, full expensing of domestic R&E, and increased 1099 thresholds, with some provisions expiring at year-end and others continuing into 2026 and beyond.
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