New Deduction for QPP Can Save Significant Taxes
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break…
What You Need to Know About Deducting Business Gifts
Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly. Unfortunately, the…
Contractors: How’s Your Succession Plan Coming Along?
A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded didn’t have an…
New Tech Safeguards for New Tech Risks
Technology seems to change at the speed of light. Even a few years ago, many people had never heard of AI! Now, most not-for-profits are…
Federal Tax News for Individuals
The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (37%) will apply to taxable income over…
The Power of Annual Planning: Don’t Let Your Practice Drift
Written by Fortune Management “The path to success is to take massive, determined action.” — Tony Robbins Most practices start the new year with good…