Why Tax Season Is a Strategic Checkpoint, Not Just a DeadlineFebruary 9, 2026
Whether you’re leading a mid-sized company, running a family business, or overseeing a nonprofit, most days revolve around decisions that keep things moving. Hiring. Growth. Cash flow. Operations. When tax season comes around, it feels like another responsibility. But with a small shift in perspective, it’s actually an opportunity. Tax season allows you to …
IRS FAQs: What You Need to KnowJanuary 30, 2026
These FAQs are meant to provide quick, general guidance for taxpayers and tax professionals. They’re designed to be helpful, but they may not cover every individual situation and can be updated as new information becomes available. Because these FAQs haven’t been published in the Internal Revenue Bulletin, the IRS won’t use them as official authority …
Missed Our Tax Law Changes Webinar? Watch the RecordingDecember 9, 2025
Our recent webinar unpacked the key components of the Big Beautiful Bill—the newest tax legislation poised to impact individuals and businesses alike. If you weren’t able to attend live, you can still access all the insights and guidance shared during the session. WATCH THE WEBINAR RECORDING Passcode: *?47ty%y Originally hosted on Tuesday, December 9, …
Itemized & Standard Deductions Planning 2025/2026December 1, 2025
With the sweeping changes in the latest tax law here are some planning items for you to consider before the end of 2025 and into 2026. The following is a summary of changes and examples. STANDARD DEDUCTION CHANGES FOR 2025: $31,500 MFJ or qualifying surviving spouse $23,625 for Head of household $15,750 Single or MFS …
I.2, IRS to Phase Out Paper Tax Refund Checks Starting September 30 (IR-2025-94)September 25, 2025
The IRS has announced that it will begin phasing out paper tax refund checks for individual taxpayers starting September 30, 2025, as directed by Executive Order 14247. The IRS has highlighted that paper refund checks are over 16 times more likely to be lost, stolen, or delayed compared to direct deposits. In contrast, taxpayers who …
IRS – New Qualified Tips AnalysisSeptember 23, 2025
The Treasury Department and the Internal Revenue Service (IRS) have issued a notice of proposed rulemaking (REG-110032-25) providing critical guidance on the new income tax deduction for “qualified tips” under Internal Revenue Code (Code) § 224. This new deduction was enacted as part of the One, Big, Beautiful Bill Act (OBBBA). For tax professionals, understanding …
Long-Awaited Relief Opportunities for Estimating the Allowance for Credit Losses Issued by FASBAugust 14, 2025
On July 30, 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, coming to the aid of business entities that had been struggling with implementation issues and related costs since ASU 2016-13, Financial Instruments-Credit Losses (Topic …
Key Tax Provisions in the One Big Beautiful Bill ActJuly 17, 2025
Dear Clients, Friends and Business Associates We are writing to inform you of significant developments in federal tax legislation. On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA), a reconciliation package that includes a broad array of tax provisions affecting individuals, businesses and international taxpayers. We want to …
S.6, New Jersey—Personal Income, Property Taxes: Property Tax Credit Program RevisedNovember 6, 2024
New Jersey has updated its: homestead property tax benefit program; the homestead property tax reimbursement program; and the Stay NJ property tax credit program. The amendments adjust the eligibility for property tax credits and the annual rebate, alter the age and residency requirements to qualify for the program, and established a uniform definition of income …
Practitioners Rave About IRS Collection Tech UpgradesOctober 18, 2024
By Tim Shaw, Checkpoint Technological improvements made by the IRS allowing taxpayers and professionals to more easily interact with the agency and quickly access information or make payments are making life easier for everyone, tax practitioners are saying. Within the last year, the IRS has implemented efforts funded by the Inflation Reduction Act to modernize …