Bankruptcy Doesn’t Mean You’re Done With Your Taxes

Chapter 7 (liquidation) bankruptcy is generally available if you’re an individual or business debtor, regardless of how much you owe and whether you’re solvent. Some tax debt may be dischargeable. But even if this debt is eventually erased, you must continue to comply with tax laws during the bankruptcy process. Make estimated tax payments (if […]

Managing overhead costs today

Persistent inflation, elevated interest rates and volatile energy costs continue to squeeze profit margins for many small and midsize businesses. While implementing price increases may seem like the simplest response, that’s not always necessary — and, in today’s competitive markets, price increases can even cause some of your customers to search for lower-cost providers. Sustainable […]

When Is a Lemonade Stand More Than Just a Lemonade Stand?

When is a lemonade stand not just a lemonade stand? If your child earns $400 or more annually in profit from a lemonade stand, lawn service or other self-employment, that income may be taxable. Kids may be able to deduct certain business expenses to lower their self-employment income and potential taxes. They also have several […]

M&A activity surges in 2026

Own a Heavy Highway Vehicle? Don’t Miss This Deadline

Businesses operating vehicles with a gross weight of 55,000 pounds or more on public highways may owe the federal Heavy Highway Vehicle Use Tax. The current reporting period for Form 2290, Heavy Highway Vehicle Use Tax Return, is July 1, 2026, to June 30, 2027. The filing deadline is based on the month a taxpayer […]

BOI Reporting: The Rules Have Changed Again

The Financial Crimes Enforcement Network (FinCEN) is making permanent the suspension of the beneficial ownership information (BOI) reporting requirements for U.S. companies and U.S. persons. If these Corporate Transparency Act requirements had gone into effect, millions of U.S. businesses would have faced the administrative burden of an initial BOI filing and subsequent updates for any […]

Electric Vehicle Taxes by State, 2026

Electric Vehicle Taxes by State, 2026 https://bit.ly/3VjhOYQ

Retirement Rollovers May Get Easier

The IRS has issued new guidance to simplify and standardize retirement account rollovers for both participants and plan sponsors, as required under the SECURE 2.0 Act of 2022. Notice 2026-49 provides optional sample forms and proposed procedures for rollovers between retirement plans or between a retirement plan and an IRA. The guidance doesn’t apply to […]

Selling Your Business? How You Structure the Deal Matters

If you’re contemplating a business sale or acquisition, it’s important to understand that you’ll need to make multiple tax-related decisions. For example, if you own a corporation, you’ll have to negotiate either an asset or stock sale, which have different tax consequences. And if it’s a stock sale, you may have a choice between a […]

How to make financial reports easier for stakeholders to understand

Financial statements are essential tools for evaluating performance, planning for growth and managing risk. Yet many business owners, board members, donors and investors don’t have formal accounting training. Presenting financial information in a clear, approachable way can help stakeholders better understand results and make informed decisions. Know your readers The people who rely on your […]