Business Tax Update: IRS Guidance on QPP Depreciation Rules
Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year depreciation for nonresidential real estate that’s ... Read More >
Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year depreciation for nonresidential real estate that’s ... Read More >
Conventional wisdom dictates that, when leaving a job, you should generally roll over the balance of your employer-sponsored qualified retirement plan ... Read More >
Because of recent tax law changes, income taxes — not estate taxes — are now a more significant focus in estate planning. And one key planning ... Read More >
Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax planning. For example, if you receive a large refund ... Read More >
How can you deduct interest expense on your 2025 individual federal income tax return and beyond? Let us count the ways. As you’ll see, some ... Read More >
If you’re a parent of minor children or of one or more college students, you’re likely thinking about them as you prepare to file your ... Read More >
WE MADE THE LIST OF LARGEST ACCOUNTING FIRMS IN THE PHILADELPHIA AREA AGAIN We made the Philadelphia Business Journal list of the 43 largest accounting ... Read More >
It’s officially tax season. As you prepare your 2025 return, you can turn to many resources for help, including your tax advisor. For guidance ... Read More >
Home sales often occur during or shortly after a divorce. With real estate values still at or near historical highs in many areas, the federal income ... Read More >
The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax auto loan interest deduction. On ... Read More >
Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member ... Read More >
Do you regularly donate to charity? In the past, you may have derived generous tax benefits for your contributions without much forethought. Or perhaps ... Read More >
How The Postmark Change Impacts Tax Return Filings and Payments A recent change by the U.S. Postal Service may affect how the IRS treats certain tax ... Read More >
Significantly fewer taxpayers have owed the alternative minimum tax (AMT) for the last several years. This is because the Tax Cuts and Jobs Act (TCJA) ... Read More >
The One Big Beautiful Bill Act (OBBBA) introduces three potentially valuable tax breaks for individual taxpayers that weren’t previously available. ... Read More >
On April 2, 2025, President Trump rolled out his promised new tariff policy. A long-time fan of tariffs, Trump surprised many with a baseline tariff ... Read More >
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, ... Read More >
How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a bigger home, cover emergency expenses or pay for their ... Read More >
We made the Philadelphia Business Journal list of the 35 largest accounting firms in the Philadelphia area. Only 15 firms on the list have headquarters ... Read More >
Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: ... Read More >