BLS Insights

This IRS Fact Sheet (FS-2026-02) outlines a significant shift in how the federal government handles money. Based on Executive Order 14247, signed in March 2025, the IRS is aggressively moving away from paper … Continued

This guidance is intended for retirement plan sponsors, administrators, and fiduciaries who implemented the Roth catch-up contribution requirements under the SECURE Act 2.0 and related IRS regulations by January 1, … Continued

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

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

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

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

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

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

Among its numerous tax provisions, the OBBBA reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued … Continued

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