Oct 20, 2025 | Blog Posts, Tax Talk Tuesdays
The IRS has issued its 2026 inflation adjustments, which usher in changes to more than 60 tax provisions affecting a broad range of taxpayers. Among the most significant updates are higher standard deduction amounts, revised tax bracket thresholds, and other key...
Oct 10, 2025 | Blog Posts, Tax Talk Tuesdays
An Interest Charge Domestic International Sales Corporation (IC-DISC) is a federal export tax incentive authorized by Section 992 of the Internal Revenue Code. IC-DISC status allows U.S. exporters to defer tax on a portion of export income and treat distributions as...
Oct 7, 2025 | Blog Posts, Tax Talk Tuesdays
Non-fungible tokens (NFTs) are unique digital assets recorded on a blockchain. Each token carries distinct identifiers and metadata that verify ownership and authenticity. NFTs can represent digital art, music, collectibles, in-game items, or access passes. Owning an...
Sep 30, 2025 | Blog Posts, Tax Talk Tuesdays
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, bringing major revisions to international tax rules. Among the most consequential changes for multinational enterprises are the redefinitions of Global Intangible Low-Taxed Income (GILTI) and...
Sep 22, 2025 | Blog Posts, Tax Talk Tuesdays
Small Business Investment Companies (SBICs) are a vital source of capital for small businesses in the United States. Licensed and regulated by the U.S. Small Business Administration (SBA), SBICs are privately owned firms that invest in small businesses using a mix of...
Sep 17, 2025 | Blog Posts
Fraudulent text messages are circulating in the area. The scam claims to come from a taxing authority and asks people to share banking details in order to receive a tax refund. The text tells recipients, “Your refund request has been processed and approved. Please...
Sep 16, 2025 | Blog Posts, Tax Talk Tuesdays
The Fuel Tax Credit provides a refundable credit for fuel used in specific, qualifying work-related activities. It is not available to most taxpayers, and eligibility is limited to certain businesses and uses. Eligibility Requirements To claim the credit, you must...
Sep 12, 2025 | Blog Posts
The IRS is about to make a historic shift in how Americans handle their taxes—and the deadline is just weeks away. Under President Trump’s Executive Order 14247 (Modernizing Payments To and From America’s Bank Account), nearly all federal tax payments and refunds must...
Sep 9, 2025 | Blog Posts, Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA) eliminated most individual credits for clean energy, including the clean vehicle credits for cars and the energy-efficient home improvement credit. The following is a summary of the credits that will expire soon. IRS Code Section...
Aug 26, 2025 | Blog Posts, Tax Talk Tuesdays
Inventory has a direct impact on both a company’s balance sheet and taxable income. For businesses that sell physical goods, accurate accounting for inventory is essential for meeting IRS requirements and producing reliable financial statements. When Inventory...
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