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EBITDA

EBITDA Is Back: Bigger Interest Deductions in 2025

September 10, 2025

Dave Myers

In 2025, manufacturers and other capital-intensive industries get a rare bit of good news from Washington. Thanks to a provision in the One Big Beautiful Bill Act (OBBBA), the limitation on business interest deductions is once again based on EBITDA—not EBIT. For these companies, that technical-sounding change can mean real tax savings and more flexibility…

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Uniform Guidance Revisions

Uniform Guidance Revisions in Effect: Key Impacts for Local Government Finance Departments

September 8, 2025

In April 2024, the Office of Management & Budget (OMB) released the most significant revisions to the Uniform Guidance in a decade. While the rules officially took effect for new awards on October 1, 2024, the impact is only beginning to hit local government finance departments in 2025—and will be even more visible in 2026…

401k plan rules 2025

Top 3 New 401(k) Plan Audit Rules for 2025

September 3, 2025

The SECURE 2.0 Act of 2022 was enacted to enhance retirement savings and financial security. With more than 90 provisions affecting a wide range of retirement plans, the law is being implemented in phases over several years, from 2023 through 2033. While some key changes took effect in 2023 and 2024, more significant updates are…

Clean Vehicle Tax Credit Labor Day

Revisiting Clean Vehicle Tax Credit Just in Time for Labor Day

August 26, 2025

Happy Labor Day!  Are you shopping for a car this weekend?  Perhaps you should be! Labor Day is the unofficial end of summer.  Many of us are planning one more beach trip, hike, bike ride, picnic, or barbeque this long weekend.  Here’s why you might want to add car shopping to your list. We have…

GASB 87 & 96

Lessons Learned from GASB 87 & 96: How to Simplify Your Year-End Close

August 25, 2025

When GASB 87 (Leases) and GASB 96 (Subscription-Based Information Technology Arrangements) first went into effect, many organizations underestimated just how much work these standards would require. What seemed like a straightforward change quickly revealed itself to be one of the more complex accounting challenges in recent years. Finance teams often found themselves scrambling at year-end,…

Permanent Bonus Depreciation QBI

OBBBA Restores Major Business Tax Breaks: What Permanent Bonus Depreciation and QBI Mean for You

August 22, 2025

The One Big Beautiful Bill Act (OBBBA) brings long-awaited good news for business owners: several key provisions from the Tax Cuts and Jobs Act (TCJA) are not only back—they’re back for good. Gone are the days of guessing whether bonus depreciation or the QBI deduction would be renewed. The OBBBA makes them permanent, offering long-term…

Are R&D Tax Credits Still Worth It in 2025?

Are R&D Tax Credits Still Worth It in 2025?

August 13, 2025

Short answer: Yes—and they may be more valuable than ever. For established businesses investing in process improvements, product development, or new technologies, the R&D tax credit remains a powerful tool in 2025. With recent tax law changes restoring full expensing of domestic R&D and new opportunities to reclaim past deductions, the credit can provide a…

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