Insights

Financial statements exist precisely because gut feel misses things. A business can feel busy and still be losing money on every job. It can feel stable while cash is quietly running thinner every month. The numbers usually know before you do. The good news: there are signals - you just need to know where to look.

The tax landscape for real estate and construction businesses is shifting quickly this year. State and local tax issues are climbing, key provisions of the One Big Beautiful Bill Act (OBBBA) are reshaping financing and investment decisions, and more firms than ever are entering the tax credit transfer market for the first time. BDO's recent industry survey of tax leaders sheds light on where the pressure points are, and where the opportunities are too.

If you've ever paid a tax penalty and later found out you could have requested relief for it, the IRS just made that process a lot less hands-on for taxpayers with a solid track record.

If you or your business track vehicle mileage for tax purposes, there's a mid-year update worth knowing about. The IRS has raised the standard mileage rates for the remainder of 2026, a rare move that hasn't happened since 2022.

Managing your tax information just got easier. The IRS offers two types of secure online accounts that give you around-the-clock access to your tax information - no phone calls, no waiting for mailed documents. Whether you're an individual taxpayer or a business owner, setting up an online account puts you in control of your tax information instantly.

With major tax changes now in effect for 2026, proactive planning has never been more important. The One Big Beautiful Bill Act (OBBBA) has introduced significant changes that are already reshaping how businesses approach tax strategy, from charitable deductions and research costs to opportunity zones and energy tax credits.

Is your business's financial management keeping you up at night? If you find yourself spending more time wrestling with accounting tasks than focusing on business growth, you're not alone. Many successful businesses reach a tipping point where their accounting processes no longer serve their needs. Here's how to recognize when it's time for a change.

Every business decision has a tax impact - some obvious, some hidden. Understanding these implications before you act can save significant money and prevent unexpected surprises. Smart business owners know that timing and structure of decisions can be just as important as the decisions themselves.

The IRS has made it easier than ever for taxpayers to report suspected tax fraud, scams, and other illegal activity. A new, centralized web page now consolidates multiple fraud-reporting options into a single, easy-to-use location, making the process simpler and more accessible for everyone.

The real estate and construction industries are navigating a period of significant change—from shifting economic conditions and evolving regulations to new technology adoption and workforce challenges. BDO's annual industry predictions report provides valuable insights into the trends and pressures shaping the sector in 2026 and beyond.

Nonprofit and higher education leaders can use these insights to anticipate challenges, identify opportunities, and strengthen their strategic planning for the year ahead.

Building a successful company is just the beginning. Protecting your business, minimizing taxes, and planning for the future for yourself and your family requires a proactive, integrated approach. Your financial landscape is complex, spanning business operations, personal finances, retirement goals, and succession planning. The right team of advisors can help you turn complexity into opportunity.