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Key Takeaways  New charitable giving rules in 2026 affect both itemizers and non-itemizers, making documentation and planning more important than ever.  Higher income taxpayers may face reduced deduction benefits due to new AGI floors and itemized deduction phaseouts.  Strategic planning can help business owners maximize both the financial and philanthropic impact of their charitable contributions. …

Most people spend time planning for what happens after they pass away. Far fewer spend time thinking about what happens if they’re still here but unable to make decisions. And yet, from a practical standpoint, incapacity is far more likely than an immediate death event.   A medical emergency. A sudden illness. A cognitive decline that…

Some taxpayers are receiving IRS Notice CP53E this filing season and are understandably unsure whether it is legitimate or whether they need to act. In many cases, the notice relates to a delayed refund because the IRS does not have usable direct deposit information. In some cases, however, the notice appears to have been issued…

Key Takeaways Recent tax law changes have created new planning opportunities for high-income business owners. Pass-through entity elections and QSBS planning may provide significant tax savings when evaluated early. Proactive, year-round planning can help business owners retain more earnings and support long-term growth. For high-income business owners, profitability is not just about increasing revenue. It’s…

Developing the Next Generation of Accountants: Building Confidence, Community, and Real World Skills A meaningful first experience in the accounting world can spark the direction of someone’s entire career. That’s why our internship program is built to give students an authentic look at the profession and what it feels like to be part of our…

Key Takeaways  Profitability depends on understanding margins, not just increasing revenue.   Segmenting performance by product, customer and cost structure reveals true profit drivers.   Continuous analysis helps identify hidden inefficiencies and protect long-term growth.   Growing revenue is often seen as the ultimate goal for business owners, but revenue alone does not guarantee stronger financial performance. To…

Key Takeaways  Accelerated depreciation can improve short term cash flow, but it often increases future tax exposure through recapture.   The One Big Beautiful Bill Act restored 100% bonus depreciation, creating powerful but complex planning opportunities.   Smart planning aligns tax strategy with pricing, investment timing, and long-term profitability goals.   Business owners and investors often ask a…

Key Takeaways  The R&D tax credit remains a valuable incentive for companies investing in innovation, but stronger documentation and project tracking are now essential.  Section 174 capitalization rules require research expenses to be amortized, increasing the importance of strategic tax planning.  Businesses that align innovation investments with strong financial tracking can capture tax benefits while…

Key Takeaways  New payroll regulations in 2026 increase wage thresholds, expand reporting requirements, and raise compliance expectations for employers.  Payroll errors are becoming more expensive as enforcement increases and penalties rise for inaccurate reporting or wage violations.  Business owners should review payroll systems, update internal controls, and adjust financial forecasts to prepare for higher labor…