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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4 Common Accounting Errors for Not-for-Profits…

How Construction Businesses Can Establish Themselves…

Your not-for-profit has lost an executive.…

How savings bonds are taxed

November 16, 2022

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how…

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Act now to reduce your business’s 2022 tax bill

November 11, 2022

It’s been a tumultuous year for many businesses, and the current economic climate promises more uncertainty for the short term, if not longer. Regardless of how your company has fared…

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Virginia Announces 2022 Pass-Through Entity Tax Rules

November 9, 2022

Virginia released the draft guidance on their pass-through entity tax for 2022 and beyond. The tax allows pass-through entity owners to pay tax at the entity level instead of their…

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Adopting a child? Bring home a tax break too

November 8, 2022

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax for up…

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5 steps to take now to cut your 2022 tax liability

November 8, 2022

It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial…

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You may be liable for “nanny tax” for all types of domestic workers

November 2, 2022

You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who…

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