As important as it is for a company to have its financials in order, the same can be said when it comes to taxes. When contemplating the sale of a business, a seller should consider the value that a Tax Factbook can bring. What Is a Tax Factbook? It’s a comprehensive report that summarizes the…
Buried deep in the legislative sprawl of the One Big Beautiful Bill Act (OBBBA) is a change so subtle that most eyes would glide right over it. Section 70602 alters just a few words of existing law, replacing “under regulations prescribed by the Secretary” with “except as otherwise provided.” To most, this change is immaterial;…
The state of California’s position regarding the ability for residents to claim an Other State Tax Credit (OSTC) for the New York Metropolitan Commuter Transportation Mobility Tax (MCTMT) has changed following a decision by the Office of Tax Appeals for the State of California in February 2024. As ruled in the Matter of the Appeal…
Volunteering as a vacation owners association board member comes with significant responsibilities, occasional complications, and potential conflicts. Despite being viewed as a thankless job, it is an excellent way to serve the resort’s member-owners and actively participate in decision-making and strategic planning. Board members play a critical role in a resort’s health and sustainability. This…
Beyond the Basics: Are You Truly Maximizing Your HubSpot Integrations (or Missing Out on Growth?) Middle-market businesses in the manufacturing and distribution and transportation and logistics sectors face growing challenges with fragmented sales and marketing technology. Many companies already use HubSpot but fail to unlock its full potential, leaving opportunities for efficiency, growth and better…
Explore how the Supreme Court’s approach departs from valuation principles and what it means for estate planning. Succession planning for closely held business owners is challenging in many ways. One of those is how to provide liquidity to the estate of a deceased owner. Companies or other owners may have the excess capital to address…
The One Big Beautiful Bill Act (OBBBA) was signed into law by President Donald Trump on July 4, 2025. It includes provisions impacting businesses and individuals. OBBBA Individual Tax Provisions Here is a look at provisions in the OBBBA that impact individual taxpayers: The expansion of qualified expenses for the 529 plan applies to any…
The One Big Beautiful Bill Act (OBBBA) was signed into law by President Donald Trump on July 4, 2025, making several of Trump’s 2017 tax-related provisions permanent, while adding and expanding on those provisions as part of a sweeping tax cuts package that will prove to impact millions of taxpayers and businesses nationwide. Here is…
In a sweeping reimagining of the Opportunity Zone (OZ) program, congressional leaders have not merely adjusted the framework—they’ve overhauled it. The final “One Big Beautiful Bill” sunsets the original OZ program and launches a bold new chapter (OZ 2.0) rooted in targeted investment, equity, and community transformation. The original OZ program will sunset, with all…
Update: As of Thursday, July 10, 2025, the Senate approved a bill that contains provisions that would notably alter hemp laws. The implementation has been deferred for one year. A Republican-led House Appropriations subcommittee has advanced a 2025 spending bill that includes a provision to ban all hemp-derived products, including intoxicating hemp beverages, containing any…