YHB News

Jul

Major Tax Legislation Alert: What’s Inside the One Big Beautiful Bill (OBBB)

On July 4, 2025, the One Big Beautiful Bill Act (OBBB) was signed into law, a sweeping piece of tax and economic legislation that will have wide-ranging impacts on individuals,…

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Year-End Tax Planning: Retirement Changes to…

How Contractors Can Push Back Against…

Is an HDHP Plus an HSA…

Expanded Opportunities for Residential Construction Under…

Navigating the Impending Changes: Federal Estate and Gift Tax Exemption Provisions to Sunset in 2025

September 27, 2023

The landscape of federal estate and gift taxes is poised for a significant change that could have major implications for individuals with substantial estates. The federal estate and gift tax…

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Navigating IRS Updates: Employee Retention Credit & Your Business

September 20, 2023

IRS Announces Moratorium on ERC Claims In a significant move, the Internal Revenue Service (IRS) has imposed a moratorium on processing new claims for the Employee Retention Credit until December…

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Could your construction business qualify for an energy-efficient tax deduction?

September 20, 2023

Section 179D of the Internal Revenue Code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain residential rental buildings. Originally…

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Virginia Approves Budget: Key Highlights for Taxpayers & Businesses

September 13, 2023

The Virginia General Assembly has successfully passed a budget that promises significant benefits for taxpayers and businesses alike. As a public accounting firm serving clients in Virginia, we're here to…

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Plan now for year-end gifts with the gift tax annual exclusion

September 12, 2023

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly…

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Navigating the percentage-of-completion method

September 12, 2023

Does your business work on projects that take longer than a year to complete? Recognizing revenue from long-term projects usually requires use of the “percentage-of-completion” method. Here’s an overview of…

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