The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true … [Read more...]
Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies
November 18, 2025 by David Corneil
New deduction for QPP can save significant taxes for manufacturers and similar businesses
November 17, 2025 by Jim Rudnick
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property … [Read more...]
Bar the back door: Preventing retail inventory theft
November 17, 2025 by Annette Benson
When your retail store closes for the day, does some of your merchandise walk out the back door? “Shrinkage” generally occurs when employees, customers or … [Read more...]
What you need to know about deducting business gifts
November 10, 2025 by Jon Hinderks
Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly. … [Read more...]
Reevaluate the Standard Deduction
November 7, 2025 by Jeff Rislov
Taxpayers can choose to itemize certain deductions or take the standard deduction based on their filing status. Itemizing deductions saves tax if the total … [Read more...]
Manage Your MAGI
November 7, 2025 by David Corneil
MAGI (Modified Adjusted Gross Income) is the trigger for certain additional taxes and the phaseouts of many tax breaks, including some of the newest deductions. … [Read more...]
Still Time to Reduce Any Tax Surprises
November 6, 2025 by Thomas Stoeckman
Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you … [Read more...]
Prepare for Changes to Charitable Giving Rules
November 6, 2025 by Jim Rudnick
Donating to charity is a valuable and flexible year-end tax planning tool. You can give as much or as little as you like. As long as the recipient is a … [Read more...]
What year-end tax planning strategies should businesses consider under OBBBA
November 6, 2025 by Mitchell Erickson
Recent tax law changes offer significant opportunities for businesses to reduce taxes and improve cash flow. As the year ends, it’s a good time to review your … [Read more...]
