05.29.25

Qualified Opportunity Zone Countdown: What Investors and Advisors Need to Know Before the 2026 Deadline
Tyler F. Adams

The Tax Cuts and Jobs Act of 2017 (TCJA) introduced the Qualified Opportunity Zone (QOZ) program to spur long-term investments in economically distressed communities. Investors who participate can unlock significant tax benefits, but one of the most important incentives, the capital gain deferral, will sunset on December 31, 2026, unless extended by Congress. For those […]

05.21.25

How Tax Fraudsters Target High-Net-Worth Individuals
Alexandra K. Olson

Every year, the IRS compiles its “Dirty Dozen” list of the worst tax scams. Although these scams usually intensify during tax filing season, taxpayers may encounter them at any time. And although tax fraud can nab anyone, certain schemes target those with higher net worth because they have more to take. 5 scams Be on […]

05.08.25

Eight Benefits of 3D Printing for Manufacturers
Brandon W. Vahl

Amazingly, 3D printing has existed for more than 40 years. Recent improvements in the technology have increased its acceptance as a speedy, cost-effective tool for creating product prototypes. Is it right for your manufacturing business? To answer this question, consider the following eight advantages of using 3D printing: Cost Reduction 3D printing is generally faster […]

04.29.25

Prepare and Plan for the Tax Benefits of Real Estate
Thomas Kosinski

In recent years, the tax law has focused on real estate as both a great investment and a tax benefit for saving taxes from its use as a business or investment asset.  For example, the use of real estate in an operating business can create many tax benefits, including the ability to claim tax depreciation […]

04.29.25

Gift and Estate Tax Changes on the Horizon: Are You Prepared?
Azuwa Omietimi

Currently, the gift and estate tax exemption for individuals is $13.99 million (a combined $27.98 million for married couples). However, this lofty exemption amount, created by the Tax Cuts and Jobs Act (TCJA), was not designed to be permanent. The TCJA called for the provision to “sunset” at the end of 2025. Unless Congress extends […]

04.24.25

Highlights of the Revised Uniform Guidance
Charles J. Burke

Federal agencies were required to adopt the U.S. Office of Management and Budget’s (OMB) latest revised Uniform Guidance (UG) by October 1, 2024. It affects organizations with a fiscal year ending September 30, 2025, and later. The revisions are being welcomed by many not-for-profit organizations because the changes aim to help reduce the burden on […]

04.22.25

New Income Tax Disclosures in Financial Statements of Private Companies and Not-for-Profit Organizations
Kelly H. Buchheit

In 2023, the Financial Accounting Standards Board issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, (the Update) which applies to any entity subject to income taxes. The Financial Accounting Standards Board issued this Update to enhance transparency and improve effectiveness of income tax disclosures. More specifically, the revised disclosure […]

04.10.25

Why Aren’t You Using Rolling a Forecast?
Joyce Carlson

Economic volatility and supply chain disruptions evolving from the COVID-19 pandemic have called into question the usefulness of traditional budgeting and forecasting methods. Pandemic shifted consumer preferences along with labor shortages and global trade tensions of today continue to put stress on the stability of the flow of goods. Fast-changing economic and market conditions can […]

03.06.25

Lessee Accounting: Lease Modifications and Remeasurements
Kelly H. Buchheit

In 2022, most commercial entities and nonprofit organizations initially adopted the provisions of the new lease standard, ASC 842, Leases. While the new lease standard updated the accounting and disclosure requirements for both lessee (tenant) and lessor (landlord) accounting, the changes were more impactful to lessees.   The most significant change to a lessee’s accounting […]

02.25.25

Converting Your Residence into a Rental: What You Need to Know
Kaleb Spreitzer

Homeowners may consider converting their personal residence into a rental property for several reasons. They might, for example, want to diversify their investment portfolio, or the value of the home could have fallen below their purchase price. Whatever the reason, if you are thinking about making the move, you need to first weigh some tax […]