General Tax

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Electronic Payments Update – IMPORTANT

The United States federal government is advancing the transition to fully electronic payments to and from the IRS. The transition to electronic payments started on September 30, 2025.
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Small Business Health Care Coverage Credit

Tax credits reduce tax liability dollar-for-dollar and can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that may be valuable is the small business health care coverage credit for small businesses who provide health insurance coverage to employees.
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Forms W-2 and 1099-NEC Due February 2, 2026

Forms W-2 and 1099-NEC normally must be filed by January 31 of the following year. But, in 2026, January 31 falls on a Saturday, so the due date has been moved to February 2.
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Energy Tax Incentives to Expire

The Sec. 179D deduction for energy-efficient commercial building improvements provides energy tax incentives to businesses, including manufacturers, to immediately write off the cost of eligible improvements, will expire June 30, 2026.
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Tax Deductible Business Expenses

As you look back to 2025 to determine which expenses you can write off as tax deductible business expenses on your tax return, keep in mind the “ordinary and necessary” rule.
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2026 Standard Mileage Rate

The Internal Revenue Service announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents to 72.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and annual inflation adjustments.
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Preparing for a Successful Transaction with Quality of Earnings with Tony Oman and Brett Olsen

Podcast: Adam Hennen talks with audit partner Brett Olsen and Valuation Principal Tony Oman about Transaction Advisory Services and Quality of Earnings, breaking down how financial diligence, adjusted EBITDA, and working capital affect business sales and acquisitions.
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2026 Information Reporting Changes

If your business has employees or independent contractors, you’re subject to various information reporting requirements. Some significant changes to these rules will go into effect for the 2026 tax year (forms that will be filed in early 2027 to report 2026 amounts).
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Business Interest Expense Deduction Changes

The rules limiting the business interest expense deduction are complicated. Recent changes could result in larger deductions for 2025 and you need to be aware of the impact on your business.
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Six Last-Minute Tax Tips for Businesses

It is not too late to consider implementing some last-minute tax tips to reduce your business' 2025 tax bill.
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How Will Taxes Affect Your Merger or Acquisition?

Selling the business you’ve spent years building or becoming a first-time business owner by buying an existing business might be the biggest financial move you ever make. We can assess the potential merger or acquisition tax consequences before you start negotiating to avoid tax surprises after the deal is signed.
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2025 Year-End Tax Moves for Individuals

2025 offers unique opportunities for individuals to lower their tax liability before year-end. This article highlights 2025 year-end tax moves to help you make the most of current law before key changes take effect in 2026.
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Navigating Inherited Assets

Inheriting assets involves complex tax rules and time-sensitive decisions that can impact your financial outcome. This article discusses some of the details heirs need to know about real estate, retirement accounts, and other inherited assets.
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2026 Charitable Donation Changes

The "One Big Beautiful Bill - OB3" contains charitable donation changes for businesses and individuals. Read more about some of the Act's provisions to get ideas of how to maximize your 2025 and 2026 deductions.
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IRS 1st Quarter 2026 Interest Rates

The IRS 1st Quarter 2026 interest rates will remain the same for the calendar quarter beginning January 1, 2026.
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