News & Insights

The U.S. whiskey and bourbon industry is facing multiple economic pressures that threaten its growth trajectory. From an oversupply of aging barrels to the imposition of tariffs and evolving consumer preferences, the landscape for bourbon producers is shifting rapidly. Potential Barrel Oversupply Kentucky is the heart of bourbon production in the United States. In late […]

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both kinds are likely to impact your tax planning. Here are several provisions included in the new law that may influence your business’s tax liability. Qualified business income […]

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends many of the provisions of the Tax Cuts and Jobs Act (TCJA), the sweeping tax legislation enacted during the first Trump administration. It also incorporates […]

The U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 on July 1. (Vice President J.D. Vance provided the tiebreaking vote.) At its core, the massive bill is similar to the bill passed by the U.S. House of Representatives last May. It includes extensions of […]

In today’s fast-paced digital world, organizations constantly introduce innovative technologies and applications to streamline processes and enhance efficiency. However, many companies face challenges in pinpointing where application controls should be implemented to ensure security and accuracy. The Importance of IT Application Controls The Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework is a […]

The accounting industry is changing fast. M&A activity and private equity (PE) firms are making headlines and reshaping the accounting landscape across the country, including right here in Atlanta. At Moore Colson, we’ve watched this shift closely. We’ve fielded the calls, we’ve had the conversations, and as a firm, we’ve made our decision: We are […]

For more on the topic, read Christopher D. Fagan’s comments in The Business Journals article by Senior Reporter Andy Medici: Middle market M&A was expected to have a big 2025. Then a wild card entered the mix. The 2025 middle market mergers and acquisitions (M&A) landscape is a dynamic and evolving space, influenced by a […]

The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on December 31. It also includes some new […]

The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things, the sweeping bill would eliminate clean vehicle credits by the end of 2025 in most cases. If you’ve been pondering the purchase of a new or used electric vehicle (EV), you’ll want to buy sooner […]

The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. But a recent “advice memo” (CCA 202511015) from the IRS’s Office of Chief Counsel suggests more victims of fraudulent scams may be able to claim a theft loss deduction than previously understood. Casualty loss deduction […]