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...
Aug 18, 2025 | Blog Posts, Tax Talk Tuesdays
Adoptive families now have access to expanded financial support thanks to significant updates to the federal Adoption Tax Credit, introduced through the One Big Beautiful Bill Act (OBBBA). These changes are designed to make adoption more affordable and accessible,...
Aug 12, 2025 | Blog Posts, Tax Talk Tuesdays
Taxpayers investing in clean energy manufacturing, industrial decarbonization, or critical materials processing may benefit from the Section 48C Qualifying Advanced Energy Project Credit—a powerful federal incentive that can offset up to 30% of eligible project costs....
Aug 5, 2025 | Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brought sweeping changes to the tax code. Among its many tax provisions, OBBBA expands the use of other accounting methods, including the completed contract method (CCM) of accounting for the...
Jul 28, 2025 | Tax Talk Tuesdays
The ability to deduct business interest expense is a significant tax benefit, especially for companies that rely on debt to fund operations and growth. However, that deduction has been subject to limits under Section 163(j) of the Internal Revenue Code, a provision...
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