The 2026 midterm elections have shifted the balance of power in Congress. Democrats have taken control of the Senate with at least 54 seats, compared with 44 for Republicans. Two races, in Alaska and Mississippi, are still undecided. In the House of Representatives, Democrats have secured control of the chamber with at least 255 seats,…
Year-end close does more than finalize the prior year’s financial results. It provides an important assessment of how well the accounting function is operating and where improvements should be prioritized in the year ahead. Year-end puts more pressure on accounting departments than a typical month-end close. In addition to normal reporting responsibilities, teams are managing…
Now is the time to review and consider all of your year-end tax business planning options and strategies for the 2024 tax season. Check it out now.
Charitable Contributions For 2026, donors who itemize may claim a tax deduction for contributions of cash of up to 60% of AGI and for contributions of noncash assets held more than one year, up to 30% of AGI. The OBBBA made the 60% ceiling for cash gifts to public charities permanent. Donation amounts in excess…
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