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Recent Articles
OBBBA Penalty Relief: IRS Notice 2025-62 Provides Transition Year for “No Tax on Tips and Overtime” Reporting
At a Glance IRS Notice 2025-62 provides temporary penalty relief for tax year 2025 under the One Big Beautiful Bill Act (OBBBA). The notice applies
What Does Your Exit Map Look Like?
Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy
Securing Remote Sales: How Dealerships Can Outsmart Fraud
In recent years, dealerships have embraced phone and online sales to streamline transactions and expand their market—but this convenience has also opened the door to
IRS Notice 2025-57: What Credit Unions Need to Know About the New OBBBA Auto Loan Interest Deduction
At a Glance The IRS has released Notice 2025-57 and Information Release 2025-105, offering transitional guidance for the new auto loan interest deduction created under
One Big Beautiful Bill: Key Tax Changes for Credit Unions
At a Glance The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces several tax and regulatory changes directly affecting credit
Logic vs. Legacy in Exit Planning
When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an
PPP Loans, Forgiven Expenses, & 2020 Deductions
As tax planners, we are familiar with the uncertain world of predicting future events and their related tax consequences. In working with businesses who obtained
PPP & EIDL Borrower Information to be Released by SBA
Throughout the ongoing legal battle with national-news organizations, the SBA has pushed for withholding certain PPP loan borrower information. The SBA claimed the information withheld
Avoiding Common 401(k) Plan Missteps
Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships,
Payroll Tax Deferral: What’s New Since Trump’s Executive Order?
Update as of November 4, 2020: The IRS has provided reporting instructions for employers who have begun deferring the employee portion of Social Security tax
Federal Reserve Updates Guidelines For The Main Street Lending Program
Update as of November 4, 2020: As of October 30th, the Main Street Lending Program (MSLP) has provided close to $4 billion by way of