Blog

Kevin Berg | Aug. 8, 2025

Expansion of the Qualified Small Business Stock Exclusion

The Qualified Small Business Stock (QSBS) exclusion, codified under Section 1202 of the Internal Revenue Code, was first created in…

Melissa King | Aug. 7, 2025

100% Bonus Depreciation is Back

Bonus depreciation allows businesses to take a significant portion of the purchase price as a tax deduction in the year…

Becky Gibbs | Aug. 5, 2025

Tax Credits for Private Education Donors

The recent changes to the OBBB Tax bill have implications for nonprofit organizations (NFPs), particularly those involved in education. These…

Jared Schneidermann | Aug. 4, 2025

Bonus Depreciation for a New Factory

The newly introduced provisions under IRC 168(n) present an exciting opportunity for manufacturers considering the construction or acquisition of production…

Greg Carlson | Jul. 28, 2025

Understanding the Latest Revisions to Section 529 Plans

The following expenses, enacted in the 2018 tax year, are still qualifying expenses under the One Big Beautiful Bill Act:…

Amy Swenson | Jul. 25, 2025

New Deduction for Seniors Aged 65 and Older

Personal exemptions, suspended by the Tax Cuts and Jobs Act of 2017, were permanently eliminated by OBBB. However, a temporary…

Amy Swenson | Jul. 25, 2025

Form 1099-K and Forms 1099-NEC & MISC Updates

Form 1099-K is issued for payments received for goods or services during a year from credit, debit, or stored value…

Kevin Berg | Jul. 25, 2025

No Tax on Car Loan Interest

The One Big Beautiful Bill Act, created a new income tax deduction for individuals that pay automobile loan interest. The…

Kevin Berg | Jul. 25, 2025

Trump Accounts: What You Need to Know

The One Big Beautiful Bill Act (OBBA), signed into law on July 4, 2025, created Trump Accounts. These new tax-advantaged…

Marcia Hammelman | Jul. 17, 2025

Paper Checks to Be Discontinued for Federal Tax Refunds and Payments

In compliance with an executive order from the President, the IRS will no longer issue tax refunds by paper check…

Stephanie Stoup | Jun. 3, 2025

Why You Should Create and Regularly Update Your Estate Plan

Creating and regularly updating your estate plan is an essential step in securing your future and providing peace of mind…

Ashley Sparks | May. 16, 2025

2 Financial Planning Tools That Can Help Manufacturers Weather Uncertainty

Manufacturers are facing uncertainty on a variety of fronts. Rapidly shifting tariff policies, supply chain disruptions, fluctuating demand and rising…