JBC BLOG

Discover the latest inflation-adjusted tax changes for the 2026 tax year, driven by the One, Big, Beautiful Bill Act (OBBBA). From standard deduction hikes and modified marginal tax rate [...]

The latest IRS final regulations under the SECURE 2.0 Act increase catch-up contribution limits for individuals aged 60 to 63 and require Roth contributions for higher-income earners. These [...]

Gain insight into partnership basis, track decisions to optimize ownership, and maintain compliance to avoid costly tax consequences.

Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.

RSM explains what employers should know about IRS proposed regulations clarifying the "No tax on tips" provision in the OBBBA. Learn more.

When a pass-through business takes out a loan at the entity level and immediately distributes the borrowed funds to its owners, this is considered a debt-financed distribution. This maneuver [...]

Tax reforms reshape growth, structure and capital strategy for specialty finance

Making the jump to S-corporation status probably wasn't an impulse decision; you looked at your books, saw profits piling up well beyond the salary you pay yourself, and decided it was time to [...]

The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on [...]

RSM explains the additional tax relief and flexibility small businesses may have in recovering research costs. Learn more.

OBBB's tax law changes reshape nonprofit strategies, fundraising, and donor incentives. Learn key updates and how nonprofits can adapt.

IRS announces Q4 2025 interest rates will remain at 7% for individual taxpayers, 6% for corporations, with corporate rates ranging from 5% to 9%, effective Oct. 1.

Most people spend time planning how to leave an inheritance—but far fewer consider when it might be smarter to decline one. In some cases, accepting assets can create unintended tax burdens or [...]

RSM explains corporate tax considerations related to the Big Beautiful Bill and its impacts on accounting for income taxes.

Financing the sale of your business can be a challenging process. This article outlines what you need to know and consider, helping you make a strategic move. Read on to ensure your business sale [...]

Aprio Insights on the No Tax on Tips and Overtime: What Trump's OBBB Means for Hospitality, Retail, and Construction. Read the article.

RSM explains how the Big Beautiful Bill made permanent the 20% deduction for qualified business income and what it means for pass-through entities.

Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it's time.

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules [...]

RSM explains 5 ways in which the Big Beautiful Bill can help middle market businesses save on taxes. Learn more.

Contractors dealing with government work may soon face less compliance hassle as the Cost Accounting Standards Board proposes aligning CAS 404 and CAS 411 with Generally Accepted Accounting [...]

Aprio Insights on the A New Dawn for Business Tax: How the One Big Beautiful Bill Reshapes the Tax Landscape. Read the article.

The House's One Big Beautiful Bill Act introduces tax changes that could impact pass-through entities and professional service providers. With concerns from the AICPA about potential complexities [...]

The IRS has announced that interest rates will remain steady for Q3 2025, impacting both individuals and corporations with overpayments or underpayments. With rates holding at 7% for individuals [...]

Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.