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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
Manufacturing M&A: 2021 May Be the Right Time for Manufacturing Company Owners to Sell
In 2020, manufacturing merger and acquisition activity fluctuated like a transverse wave, alternating from crest to trough with each passing quarter. Fear that COVID-19 would
Employee Retention Credit: How Recent & Pending Legislation Affects the ERC
The employee retention credit (ERC) is a tax credit available for eligible employers to claim against qualified wages paid after March 12, 2020, through December
Massachusetts Enacts Elective Excise Tax for Pass-Through Entities
Massachusetts passed budget legislation that allows eligible pass-through entities, including S corporations, partnerships, and limited liability companies (LLCs), to pay an elective excise tax on
2021 Construction Industry Trends: Ownership Transfers & Management Succession Planning
Most business owners right now are sharply focused on steady cash flow, cutting costs, maintaining operations as close to the status quo as possible, and
Construction Accounting Basics: 6 Questions Contractors Need to Ask When Starting a New Construction Firm
Starting your own construction company without a financial strategy rooted in smart accounting basics is like starting a build without a floor plan. Many of