Category Archives: News

100% Bonus Is Back Under OBBBA—But Watch Out for the “Binding Contract” Rule

Core Takeaway: 100% bonus depreciation is back—great news for businesses looking to accelerate write-offs. But...

Qualified Production Property (QPP): How Manufacturers Can Unlock 100% Expensing Under the OBBBA

Key Takeaways: What Is Qualified Production Property (QPP)? In simple terms, QPP allows companies that...

What the OBBBA 1099 Reporting Changes Mean for Local Governments

When Congress passed the One Big Beautiful Bill Act (OBBBA) earlier this year, most of...

2025 Charitable Giving Deadline: Maximize Deductions Before 2026 Tax Laws Change

Charitable giving has always been about generosity, but it’s also about being strategic with the...

Year-End Tax Planning for Generous Donors: Bunching vs. Donor-Advised Funds (Before 2026 Tax Changes)

When it comes to charitable giving, your heart may guide your generosity—but your tax strategy...

Navigating the Federal Government Shutdown: What It Means for Local Government Finance Departments—and How to Bounce Back

A federal government shutdown doesn’t just stop activity in Washington, D.C.—it creates ripple effects that...

Investments Made Simple: What Every Local Government Should Know About Reconciling, Reporting, and Preparing for Audit

Investments are an important part of managing public funds—but they can also be one of...

Top 5 Tax Considerations When Going Through a Divorce in California

Divorce reshapes nearly every corner of your life—your home, your finances, your future. In the...

Making Sense of GASB 102, 103, and 104: What’s Changing and How to Prepare

Government finance never stands still—just as teams are wrapping up implementations of recent standards like...

EBITDA Is Back: Bigger Interest Deductions in 2025

In 2025, manufacturers and other capital-intensive industries get a rare bit of good news from...

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

In April 2024, the Office of Management & Budget (OMB) released the most significant revisions...

Revisiting Clean Vehicle Tax Credit Just in Time for Labor Day

Happy Labor Day!  Are you shopping for a car this weekend?  Perhaps you should be!...

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

When GASB 87 (Leases) and GASB 96 (Subscription-Based Information Technology Arrangements) first went into effect,...

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

The One Big Beautiful Bill Act (OBBBA) brings long-awaited good news for business owners: several...

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

Short answer: Yes—and they may be more valuable than ever. For established businesses investing in...