“The One, Big, Beautiful Bill” Signed Into Law: Understanding the New Tax Landscape
July 7, 2025 - After being passed in the Senate on Tuesday, July 1st, and then being re-passed in the House of Representatives on Thursday, July 3rd, President Trump signed into law on July 4th his major priorities bill for his first year back in office. This bill...
Employee Benefit Plan Best Practices
Employer-sponsored 401(k) and 403(b) retirement plans can be effective and powerful recruiting tools. However, being a Plan Sponsor comes with specific compliance requirements, creating a need for oversight. How much oversight is needed to safeguard your plan?...
Senate Tax Bill vs. House Version: What You Need to Know
The Senate Finance Committee has released its version of the tax provisions for the upcoming budget reconciliation bill.
Medical Practice Scheduling Tips to Help Improve the Bottom Line
If there's one thing that can harm the success of a medical practice, it's having patients spending too much time in the waiting room. Appointment scheduling is a critical function of a doctor's office, yet many practices schedule in a seemingly haphazard fashion....
Finish Strong: Avoiding Profit Fade in Construction Projects
Just like in many areas of life, both personal and professional, finishing strong is imperative to success. Construction projects are no different. In construction, a strong finish can ultimately determine whether a project is completed on time and within budget. When a project finishes strong and comes in under budget, it results in what’s known as a “profit gain.” Conversely, when a project gradually loses expected gross profit over time, it’s referred to as a “profit fade.”
Farm Income Averaging: A Valuable Tax Tool for Farmers
Due to the nature of farming, a farmer’s income can fluctuate significantly from year to year. Factors like commodity prices, input costs, weather conditions, and government support can all shift dramatically, resulting in large income swings. To help offset the tax...
Business Valuations Must Look to the Future, Not the Past
Historical financial performance is just one piece of the business valuation puzzle. While it provides a starting point, its relevance depends on whether the business is expected to achieve similar results in the future. High interest rates, restricted access to...
A Board Member’s Guide to Form 990 Review
Board members of nonprofit organizations are trusted individuals who are given the great task of fiduciary responsibility of an organization. This responsibility does not only cover financial statements and budgets but also tax forms such as Form 990. Since Form 990...
What Plan Sponsors Need to Know About the DOL’s Updates to the Voluntary Fiduciary Correction Program
Maintaining compliance with fiduciary responsibilities is a primary task for plan sponsors. Yet mistakes occur, especially given the complexity of the Employee Retirement Income Security Act (ERISA) of 1974. When certain fiduciary breaches or prohibited...
Cost Segregation Studies: The Key to Increasing Cash Flow
If you currently own, are constructing, or are repairing/renovating a commercial real estate or multi-family residential property, you likely know that the standard cost recovery lives for depreciation are 29 or 27.5 years, respectively. However, these long...