Financial Resources & News
Tax breaks for tipped workers: qualifying for the new deduction
Discover how the groundbreaking “no tax on tips” provision in the new One, Big, Beautiful Bill (OBBBA) could transform the take-home pay for millions of tip-reliant workers starting in 2025. Learn which occupations qualify, the specific conditions required, and how to prepare for maximized savings under this potentially game-changing deduction.
Preparing for the end of federal paper checks
Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
Debt-financed distributions for pass-throughs: how they work and when they make sense
When a pass-through business takes out a loan at the entity level and immediately distributes the borrowed funds to its owners, this is considered a debt-financed distribution. This maneuver provides owners with immediate liquidity without triggering a current tax bill, as long as they have sufficient tax basis to cover the distribution.
Incentive units: how partnership-style equity can reward talent without a surprise tax bill
Non-public pass-through companies can’t flash the same liquid stock options that publicly traded C-corporations deploy, but a profits interest solves the problem by letting newcomers participate only in growth that occurs after the grant date – with no immediate tax bill for either party. Learn more in our article.
The talent drain is a margin drain: why staffing gaps cost more than you think
Strong top-line growth means little if capacity cannot keep up, and profit leaks with every understaffed shift. Dive into the article for strategies to align headcount with demand.
When is an S-corp election the right move?
Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it’s time.
House reconciliation bill: AICPA’s concerns over some proposals
The House’s One Big Beautiful Bill Act introduces tax changes that could impact pass-through entities and professional service providers. With concerns from the AICPA about potential complexities and unfair advantages, the bill is under Senate scrutiny. Discover the implications for tax planning and compliance and what stakeholders can do as the legislative process unfolds.
A tax-focused walk-through of the One Big Beautiful Bill Act
The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.
Proposed changes to cost accounting standards: easing the compliance load for federal contractors
Contractors dealing with government work may soon face less compliance hassle as the Cost Accounting Standards Board proposes aligning CAS 404 and CAS 411 with Generally Accepted Accounting Principles (GAAP). By potentially lowering administrative burdens and harmonizing commercial and federal accounting, these changes promise streamlined operations while still protecting government interests. Explore what these proposed revisions could mean for your business and how to prepare effectively for the transition.