Learn how the One, Big, Beautiful Bill Act could affect your taxes, with TCJA extensions, new deductions, and key business and individual changes.
Tax Planning Chicago
IRS clarifies theft and fraud loss deductions
Through a Chief Counsel Advice memo, the IRS indicates that more fraud victims can claim a theft loss deduction than previously known.
Inside the House Version of the One, Big, Beautiful Bill
Learn how the One, Big, Beautiful Bill Act could affect your taxes, with TCJA extensions, new deductions, and key business and individual changes.
2025 Budget Passes, Tax Reform Next
Congress passed the 2025 budget resolution, setting the stage for major tax reform, potential R&D expensing changes, and significant business impacts.
IRS: Review Your Withholding Now for Next Year
The IRS urges taxpayers to review their withholding early in the year using its online estimator to avoid penalties, big refunds, or tax bills in 2026.
Tips for dealing with tariff-driven turbulence
Discover key strategies to reduce risk and manage costs amid evolving global tariffs, from financial planning to tax strategies and supplier shifts.
Cut Nonprofit Costs, Not Staff
Facing budget cuts? Discover 7 smart ways nonprofits can reduce expenses without layoffs—protect your team and mission with cost-saving strategies.
FinCen Reverses U.S. BOI Reporting Requirements
Important Update: U.S. businesses and persons are now exempt from BOI reporting (beneficial ownership information) filing requirements of the Corporate Transparency Act (CTA). After a...
2025 Employee Benefit Plan Updates
Stay informed on the latest 2025 employee benefit plan updates, including SECURE 2.0 changes, new audit standards, and updated contribution limits.