Insights

Explore the intricacies of partnership distributions and uncover how they offer flexibility in profit allocation while presenting unique tax considerations. Delve into the fundamental principles, exceptions, and strategic approaches that can affect your tax outcomes and ensure seamless operations. Discover why clear agreements and professional guidance are crucial in navigating these complex regulations.

Employers can boost workplace morale and employee loyalty by taking advantage of the Employer-Provided Childcare Tax Credit. This federal incentive not only eases the financial burden on businesses offering childcare solutions but also enhances their competitive edge in recruiting and retaining talent. Discover how this credit works, eligibility requirements, and its impact on workplace culture.

Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements. Stay informed and effectively manage your investments amidst an ever-evolving tax landscape.

Navigating the complexities of 401(k) plans can be daunting for small and midsize businesses. Discover how the safe harbor 401(k) offers a simplified solution by easing administrative burdens while fostering employee financial well-being. Explore the advantages, key components, and strategic considerations to determine if it's the right fit for your business.

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.

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.

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.

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.

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.

Curious about cash balance retirement plans? These plans can offer much higher contribution limits and potential tax advantages, but they also come with more complexity and commitment. Read on to see if this strategy might align with your goals - or if it's something to skip altogether.

The IRS has announced that interest rates will remain steady for Q3 2025, impacting both individuals and corporations with overpayments or underpayments. With rates holding at 7% for individuals and varying rates for corporations, taxpayers can strategically plan their financial moves.

Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.