by Cory Carroll | May 21, 2026 | Corporate Tax Services, Flow-Through Tax Services, Individual Tax
The federal cap on state and local tax deductions continues to affect high-income taxpayers, especially business owners with income from pass-through entities such as S corporations, partnerships, and LLCs taxed as partnerships. Beginning in 2025, federal tax law... 
by Sara Raby | Oct 2, 2025 | blog, Corporate Tax Services, Individual Tax
The Qualified Business Income (QBI) deduction, also sometimes referred to as the Section 199A deduction, is one of the most valuable yet misunderstood tax incentives for business owners and investors. Designed as part of the 2017 Tax Cuts and Jobs Act, the QBI... 
by Sara Raby | Oct 1, 2025 | blog, Corporate Tax Services, Individual Tax
With Congress unable to reach a budget deal before the 9/30 deadline, the federal government has officially shut down. This may sound like an abstract political event, but its effects can reach right into your tax deadlines, refund timing, and IRS interactions. Here’s... 
by Cheryl Saroukhanoff | May 26, 2025 | Corporate Tax Services, Flow-Through Tax Services
As part of its ongoing modernization efforts, the IRS has expanded access to its Business Tax Account platform to include C Corporations—a move that signals a significant leap forward in simplifying tax administration for corporate taxpayers. Previously available to... 
by Dana Borys | May 19, 2025 | Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax
For closely held corporations, retaining profits may seem like a sound strategy for reinvestment or risk mitigation. But when earnings exceed what’s considered “reasonable” for business needs, the IRS may step in with a steep penalty—known as the Accumulated Earnings...