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OBBB Trump Accounts: Building a Financial Head Start for Children
Trump Accounts, created under the One Big Beautiful Bill (OBBB), offer families a new way to invest in their children’s future. Eligible newborns receive a

IRS Releases FAQ on Expiring Clean Vehicle Credits: What Dealerships Need to Know Before September 30
The IRS has issued new guidance on the clean vehicle tax credits that are scheduled to end on September 30, 2025. These credits—covering used clean

One Big Beautiful Bill Updates for Research Expenditures: IRS Issues Guidance on Implementing Section 174A
The IRS has issued Revenue Procedure 2025-28, giving taxpayers clear guidance on making elections, changing accounting methods, and applying transition rules under the new Section

Navigating Your CPA License: A Step-by-Step Guide
If you’re considering a career in accounting, becoming a Certified Public Accountant (CPA) is one of the most important steps you can take. Earning your

How Involved Should You Be in Exit Planning?
A big hurdle that business owners struggle to get over when creating an Exit Plan is, “I don’t have enough time to do all that.”

One Big Beautiful Bill: Essential Tax Changes for Auto Dealerships
Auto dealers are facing a significant tax‑policy makeover following enactment of the One Big Beautiful Bill (OBBB) on July 4, 2025. While core provisions of the Tax

Exit Planning: Managing Risks & Protecting Your Assets
For business owners, risk management and asset protection are essential in ensuring both short-term and long-term success, and they are also key elements in succession

FTC December 9, 2022 Deadline… Extended (At Least Part of It)!
Dealers are feverishly working on a mandate from the Federal Trade Commission (FTC) to comply with new standards to keep their customers’ information safe. Many

Using Charitable Lead Trusts & Charitable Remainder Trusts
Charitable trusts can help you reduce income taxes, lower estate tax, and protect your assets while incorporating your charitable goals into your estate plan. And

The Massachusetts Chapter 62F Refund: Who Gets One & Why?
Thanks to a relatively obscure state law enacted in 1986, Massachusetts taxpayers may soon receive an unexpected financial break. Until now, the law had not

The Inflation Reduction Act: What Taxpayers Need To Know
The Inflation Reduction Act, legislation aiming to lower inflation and reduce the deficit over the next decade, became law in August. Here’s a look at