News & Insights

A new income tax deduction for qualified cash tips is in effect, and the rules just got clearer. The deduction, created under the One Big Beautiful Bill Act (OBBBA), went into effect last year and is scheduled to expire after 2028. After releasing proposed regulations in September 2025, the IRS has now published final regulations […]

A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA). It’s available for certain manufacturing-related real property placed in service after July 4, 2025, and before January 1, 2031. Under previous law, taxpayers had to depreciate such property over a 39-year period. […]

The One Big Beautiful Bill Act (OBBBA) brought some of the most significant federal tax changes in years, and several OBBBA tax provisions are just now taking effect in 2026. From charitable contributions to retirement planning, the new rules cover a broad range of taxpayer situations. Some provisions stem from the OBBBA itself; others come […]

Georgia healthcare professionals who supervise student clinical rotations have access to enhanced tax benefits this year. The state’s Preceptor Tax Incentive Program has been expanded and simplified, offering higher credit amounts and adding dentists to the list of eligible participants to claim the credit. The changes officially took effect on January 1, 2026. WHO QUALIFIES […]

The key to a stress-free tax season? Knowing what’s coming and when. This calendar breaks down every important tax deadline for 2026. Whether you’re filing personal returns, managing payroll or running a business, you’ll know exactly when everything is due. February 2 Businesses: Provide Form 1098, Form 1099-MISC (except those with a Feb. 17 deadline), […]

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 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 […]

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 […]

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 […]