by David Thompson | Jul 23, 2025 | Blog
Most early-stage small businesses operate as partnerships or single-member LLCs, taking advantage of pass-through taxation to separate the business legally from the owner while avoiding unnecessary compliance burdens. In these early stages, an S-corporation election...
by Bronswick Benjamin | Jul 9, 2025 | Blog
The House recently passed a sweeping reconciliation package informally known as the One Big Beautiful Bill Act (OBBBA, H.R. 1). Within its many pages are tax measures that could significantly impact a wide range of taxpayers, including owners of pass-through entities...
by Bronswick Benjamin | Jul 9, 2025 | Blog
On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (OBBBA), enacting an overhaul that permanently extends many tax provisions previously set to expire and rewrites large sections of the Internal Revenue Code. What follows is a...
by Bronswick Benjamin | Jun 18, 2025 | Blog
Contractors who perform government work must comply with the Cost Accounting Standards (CAS), a framework designed to bring consistency and fairness to how contract costs are measured and reported. Now, the Cost Accounting Standards Board (CASB) is proposing updates...
by Bronswick Benjamin | Jun 11, 2025 | Blog
If you’re a business owner or high-income professional, you may have already maxed out the usual retirement savings tools – your 401(k), maybe a SEP or SIMPLE IRA. And if you’re in your peak earning years or playing catch-up on retirement, those...
by Bronswick Benjamin | May 22, 2025 | Blog
The IRS has announced that it will keep its interest rates unchanged for the third quarter of 2025. This move affects both individuals and corporations that either owe taxes or have overpaid their tax obligations. While interest rates may not be the first thing...
