Blog
- Tax Break for Businesses: 100% Bonus Depreciation is Back Plus New Expensing of Qualified Production PropertyThe reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic...
- See How the “One Big Beautiful Bill” Act Will Impact Your 2025 Taxes and Transform Your Financial Landscape!On July 4th, the President signed into law the so-called “One Big Beautiful Bill” Act (OBBBA), a significant...
- Navigating SALT Deduction Changes and Passthrough Entity Strategies for Maximum BenefitThe State and Local Tax (SALT) deduction allows taxpayers to deduct either their state and local income taxes...
- IRS Dirty Dozen Scams for 2025: What to Watch Out For (and How to Protect Yourself)Let’s get one thing straight: Scammers are not slowing down. They’re getting slicker, faster, and disturbingly good at...
- How to Keep Your Business in the Family – Tax Traps and SolutionsSo you built something real. A business. A legacy. A family-run thing that’s weathered recessions, pandemics, and probably...
- Understanding the Proposed Tax Legislation: A Cautionary Approach to Tax PlanningIn recent months, legislative activity in Congress has spurred considerable discussion around the proposed One Big Beautiful Bill...
- Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 BillYou know that moment in April when you look at your tax bill and think:“We could’ve done something...
- Navigating IRS Penalty AbatementUNDERSTANDING REASONABLE CAUSE ABATEMENT Reasonable cause abatement is a provision that allows taxpayers to request the removal of...
- Stop Guessing, Start Tagging: How to Make QuickBooks® Online Work Smarter for YouIf you’ve ever wanted to slice and dice your financial data in QuickBooks® Online without changing your chart...
- How Installment Sales Can Benefit Both Property Sellers and BuyersWhen selling a property, one of the options available to sellers is the installment sale. This method allows...
- How to Choose the Perfect Business Entity for Your VentureChoosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity...
- Spring Clean Your Business Finances: 7 Tips to Improve Cash Flow and Cut CostsSpring isn’t just for closets. It’s for your business finances too. And just like you wouldn’t leave last year’s...
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Community Leadership Spotlight: Joel Gibbons at Lewis & Knopf, CPAsAt Lewis & Knopf, CPAs, P.C., we... -
The Most Dangerous Number in Your Financials (And It’s Not What You Think)Ask a business owner how things are... -
It’s Tax Time – Beware of ScamsTax season is a busy time for...