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 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 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....
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