Understanding the OBBB Act and Tip Reporting for 2025
The One Big Beautiful Bill (OBBB) Act, which takes effect for the 2025 tax year, changes how tips are taxed, and many business owners and employees are likely to have...
The One Big Beautiful Bill (OBBB) Act, which takes effect for the 2025 tax year, changes how tips are taxed, and many business owners and employees are likely to have...
2026 Social Security COLA Increase Social Security beneficiaries will see a 2.8% cost of living adjustment (COLA) beginning January 2026, increasing monthly benefit payments for tens of millions of recipients. Why the...
Authored by Ty Holman When a business or organization is asked to provide financial statements, a common follow-up question is whether those statements must be audited. The answer depends largely on...
As we move into tax season, we’d like to share a few important reminders to help ensure your returns are prepared on time. Important Timing Reminder To meet filing deadlines and allow...
Businesses must prepare 1099s for contractors and vendors by February 2, 2026. Understanding which forms to use and getting organized now can help you stay on track and avoid costly...
Authored by: Brennan Ray Changes to accounting standards do not always make headlines, but some deserve close attention. The Financial Accounting Standards Board has issued ASU 2025 05, a meaningful update...
Authored by: Lindsey Knebelsberger While audits may not be everyone’s favorite cup of tea (or coffee… or anything, really), with the right habits, the process can be smoother and far less...
Broker-dealer audits may seem overwhelming, but they can be much easier with good preparation, expert support, and a clear understanding of what regulators are looking for. When you know what...