Tax Planning

How will taxes affect your merger or acquisition?

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November 25, 2025
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Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. So if you’re thinking about a merger or acquisition, you need to consider the potential tax impact. Asset sale or stock sale? From a tax standpoint, a transaction can basically be structured […]
#BusinessSale, #MergersAndAcquisitions, #TaxStrategy
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Tax Planning

New itemized deduction limitation will affect high-income individuals next year

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November 21, 2025
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Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you can take before the end of 2025 to help mitigate the negative impact. The new limitation up close Before the Tax Cuts and Jobs Act (TCJA), certain itemized deductions of […]
#ItemizedDeductions, #TaxPlanning, #TaxUpdate2026
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Tax Planning

New deduction for QPP can save significant taxes for manufacturers and similar businesses

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November 19, 2025
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The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break is different from the first-year bonus depreciation that’s available for assets such as tangible property with a recovery period of 20 years or less and qualified improvement property with a […]
#BusinessTaxUpdate, #DepreciationRules, #TaxPlanning
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Tax Planning

Shift income to take advantage of the 0% long-term capital gains rate

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November 13, 2025
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Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation — or at least significantly reduce it. Leveraging lower rates Investors generally are subject to […]
#CapitalGains, #FinancialGifting, #TaxPlanning
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Tax Planning

How the Social Security wage base will affect your payroll taxes in 2026

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November 6, 2025
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The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal Insurance Contributions Act (FICA) imposes two payroll taxes on wages and self-employment income — one for Old-Age, Survivors, and Disability Insurance, commonly known as the Social Security tax, […]
#PayrollTaxes, #SocialSecurity, #TaxUpdate
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Risk Management, Technology

Writing an AI governance policy for your business

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October 31, 2025
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Artificial intelligence (AI) is changing the way businesses operate. Its capacity to gather and process data, as well as to mimic human interactions, offers remarkable potential to streamline operations and boost productivity. But AI presents considerable challenges and concerns, too. With so many tools available, employees may inadvertently or purposely misuse the technology in ways […]
#AIGovernance, #AITechnology, #ArtificialIntelligence
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Tax Planning

Review your business expenses before year end

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October 28, 2025
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Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA). It makes permanent or revises some Tax Cuts and Jobs Act (TCJA) provisions […]
#BusinessDeductions, #TaxPlanning, #YearEndPlanning
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Human Resources

Fundamental building blocks of an employee wellness program

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October 23, 2025
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In a business context, a wellness program is an employer-sponsored initiative designed to promote employees’ physical, mental and emotional well-being. These programs can take many forms, but their underlying goal is generally the same: to foster a healthier, more productive workplace. A well-structured wellness program can also help companies manage health care benefits costs, reduce […]
#EmployeeWellness, #WellnessPrograms, #WorkplaceWellness
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