Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject…
Read Article
Today, many organizations rely on cloud-based tools to store and manage data. However, the costs to set up cloud computing services can be significant, and many business owners are unsure…
Read Article
In general, not-for-profits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or board-designated funds) are another matter. These are unrestricted funds that…
Read Article
It’s been about a month since the One, Big, Beautiful Bill Act (OBBB) was signed into law. Now that the dust has settled, construction business owners and their leadership teams…
Read Article
The newly enacted One, Big, Beautiful Bill Act (OBBB) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally…
Read Article
The “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, represents the most sweeping tax reform since the Tax Cuts and Jobs Act (TCJA). While the legislation…
Read Article
