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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
Taxpayer COVID-19 Filing and Tax Payment Relief
The IRS has released Notice 2020-18 which supersedes Notice 2020-17. This notice follows additional statements from Treasury Secretary Mnuchin on Friday March 20th about providing
U.S Office of Management and Budget (OMB) Issues Administrative Relief for Organizations Receiving Federal Grants and Aid
On March 19th, the OMB issued M-20-11 to provide relief to grant and award recipients and flexibility to the awarding agencies in order to expedite
IRS Extends Federal Filing Deadline to July 15, 2020
Today the US Treasury extended the filing deadline date for federal returns to coincide with the payment due date extension that was announced earlier this week. Treasury
A Summary of H.R. 6201 Families First Coronavirus Response Act
This has certainly been an “interesting” couple of weeks. Information has been coming so fast at all of us, it’s hard to keep up. As
IRS Extends Tax Payments for 90 Days
On Wednesday March 18, the IRS issued Notice 2020-17, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, as follow up to Treasury Secretary Steven