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Many law firm owners look at the bottom line of their profit and loss (P&L) statement and assume the firm is in great shape. But here’s the reality: You can be profitable on paper and still run out of cash. It happens to busy, growing, well-run firms, not because the work isn’t there but because…
Most software founders treat sales tax as a solved problem once they implement a compliance platform and enable nexus monitoring. The more difficult question is not where you have nexus, but what exactly you are selling. That answer varies from state to state. It changes when legislatures amend statutes, when tax authorities issue new guidance…
The IRS recently issued Revenue Procedure 2026-32, providing welcome clarification for taxpayers that improperly deducted domestic research and experimental (R&E) expenditures in tax years 2022 through 2024 and are now seeking to align with the capitalization requirements enacted under the Tax Cuts and Jobs Act. The guidance confirms that taxpayers may, in the same 2025…
Private schools have long operated under federal tax-exemption requirements that prohibit racial discrimination. On September 3, 2026, the IRS and Treasury Department released proposed regulations that would change how those longstanding requirements apply to schools recognized as tax-exempt under Section 501(c)(3). The proposal would affect private elementary schools, secondary schools, colleges, universities and other educational…
For small and midsize businesses (SMBs), technology has become fundamental to nearly every part of the business, from serving customers and processing payments to managing data and keeping operations running. Yet many businesses still approach IT reactively, addressing issues when something breaks rather than managing technology as critical business infrastructure. Artificial intelligence is making that…
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