News & Insights

As the start of the new year prompts many businesses to review their reporting and compliance obligations, questions around Form 1099 requirements often come into focus. Each year, businesses manage a high volume of vendor payments and expense tracking while addressing an important compliance question: which payments require a Form 1099? Contractor fees, equipment rentals […]

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 age 18 who have a Social Security Number (SSN). Contributions to properly established accounts can begin on July 4, 2026. The IRS has released guidance that sheds more […]

The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have questions about whether you’re eligible for a deduction and how big it might be. The IRS has issued guidance on how […]

Key Takeaways Beginning January 1, 2026, employees age 50 or older who earned more than $150,000 in the prior year (amount published annually by the IRS) with their current employer must make their catch-up contributions as Roth. IRS final regulations apply starting in 2027, but plans must operate in good faith compliance beginning in 2026. […]

As 2025 comes to a close, the construction industry faces a shifting tax landscape. The recently enacted One Big Beautiful Bill Act (OBBBA) brings sweeping changes, many of which directly impact contractors, developers and construction business owners. Here’s what you need to know and how you can position your business for success. OBBBA: A Quick […]

You’re reviewing your company’s 2026 payroll calendar when you notice something unusual, 27 pay periods instead of the standard 26. Before panic sets in, know that the 27th payroll period anomaly happens roughly every 11 years, and with proper planning, it’s entirely manageable. If your first biweekly payroll is paid on January 2, 2026, you’ll […]

With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest than in recent years, most retirement-plan-related limits will still increase for 2026. Depending on your plan, these adjustments may provide extra room to boost your retirement savings. Type of limitation 2025 limit 2026 limit Elective […]

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability before December 31. Here are potentially some of the most beneficial ones. Investments in capital assets […]

Fraud schemes rarely show up in evident ways. Instead, they often hide in plain sight, quietly embedded in payroll records or disguised within vendor invoices. Today’s technology, including advanced AI tools, has made it easier than ever to fabricate ghost employees or falsified invoices, leaving businesses of all sizes vulnerable to financial losses that accumulate […]

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 Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take now to reduce your 2025 taxes in […]