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For decades, some tax advisors viewed First-Time Abate (FTA) relief as a one-time administrative benefit — valuable enough that some taxpayers intentionally chose not to use it for relatively small penalties in order to preserve it for a more significant issue later. That strategy may soon disappear. In a significant administrative shift, the IRS announced…
The question of who qualifies as a “limited partner” for purposes of Section 1402(a)(13) is now before the federal appellate courts, with potentially significant implications for partnerships and their owners. What began as a dispute over a narrow statutory exception for limited partners has evolved into a fundamental debate over whether self-employment tax liability should…
For emerging life sciences companies, the Qualified Small Business (QSB) election under IRC §41(h) offers a critical opportunity to monetize research and development (R&D) tax credits by applying them against payroll tax liabilities. However, the strategic decision of when to first make the QSB election is often overlooked. Thoughtful timing, particularly in an industry characterized…
In digital health, valuation is often treated as a technical requirement-something performed for compliance, reporting, or transaction support. For CFOs, however, valuation is most valuable when it functions as a recurring operating discipline: a structured way to understand risk, test assumptions, and inform decisions under uncertainty. Used correctly, valuation does not simply answer questions of…
AI agents in Dynamics 365 Business Central work as intelligent assistants that help users to perform and automate routine business processes. They reduce time spent on repetitive tasks such as data entry, document processing or setting up prices. The main benefit of AI agents is that they reduce manual effort and human intervention, improve data…
The State of Florida updated the laws governing Structural Integrity Reserve Studies (SIRS) through House Bill 913, effective July 1, 2025. These changes aim to alleviate some financial pressure on associations while maintaining the state’s long-term building-safety goals. Here’s what you need to know, explained simply, without legal jargon. What the Update Did Do 1….
