Beginning in 2026, new OBBBA overtime and tip reporting rules require employers to act now to establish accurate tracking and compliance. Both qualified overtime and qualified tips must be reported separately on the W-2, using…

Trump Accounts FAQs: What Parents Are Asking During Tax Season With Trump Accounts now part of the tax landscape under the One Big Beautiful Bill Act of 2025, many families are asking the same questions…

The IRS has released its first round of guidance on the upcoming “Trump Accounts,” a new tax-advantaged savings program created under the One Big Beautiful Bill Act of 2025. These accounts—designed to give children a…

The One Big Beautiful Bill Act of 2025 (OBBBA) offers more than just tax compliance updates. OBBBA has created opportunities for small and medium business owners to increase cash flow and invest in growth initiatives….

For years, the tax code trend was to reduce the amount of interest that may be deducted on your tax return. Until recently, it really only allowed interest deductions as an itemized deduction on qualified…

New Rules, New Deductions, and What to Review Now As 2025 winds down, taxpayers face one of the most important year-end planning seasons in recent memory. With significant changes from the One Big Beautiful Bill…

When Congress passes a sweeping tax reform, such as this year’s One Big Beautiful Bill Act of 2025 (OBBBA), most business owners immediately think about how it will affect their tax return. But smart leaders…

As you plan for upcoming tax years, keep in mind that major changes to charitable contribution and itemized deduction rules will start in 2026. The One Big Beautiful Bill Act (OBBBA) introduced new rules for…