Category: Advisory
IRS Issues Guidance on Trump Accounts
December 29, 2025
The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under … Continued
Delaware Decouples from Federal Tax Provisions Provided for in the One Big Beautiful Bill Act (OBBBA)
December 18, 2025
The Delaware Senate has passed House Bill 255 (HB 255), a bill that will decouple from certain federal tax rules related to accelerated depreciation and domestic research and experimental expenditures. … Continued
4 Year-End Planning Steps to Trim Your 2025 Taxes
November 25, 2025
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful … Continued
Minimize Your Business’s 2025 Federal Taxes by Implementing Year-End Tax Planning Strategies
November 24, 2025
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has implications for some of the most tried-and-true tax-reduction measures. It also creates new … Continued
What do the 2026 Cost-of-Living Adjustment Numbers Mean for You?
November 04, 2025
The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The OBBBA makes permanent or amends many provisions of the Tax Cuts and Jobs Act (TCJA). … Continued
New Information Return and Payroll Tax Reporting Rules Require Attention
October 21, 2025
The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies … Continued
How will the Changes to the SALT Deduction Affect Your Tax Planning?
September 04, 2025
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you have high SALT expenses, the … Continued
What Taxpayers Need to Know About the IRS Ending Paper Checks
August 05, 2025
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal benefit payments. The U.S. Treasury Department, the IRS and the … Continued
The OBBBA Will Soon Eliminate Certain Clean Energy Tax Incentives
August 01, 2025
For some time, President Trump and the GOP have had their sights on repealing many of the tax incentives created or enhanced by the Inflation Reduction Act (IRA). With the … Continued
How will the One, Big, Beautiful Bill Act Affect Individual Taxpayers?
July 24, 2025
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks … Continued