Insights

Regardless of whether your private company is taxed as a C corporation at the 21% rate or organized as a pass-through, the rules for calculating and recognizing income have changed significantly. The One Big Beautiful Bill Act (OBBBA) makes major changes to research expensing, bonus depreciation, and the limit on the interest deduction.

Professional services businesses operate in a unique financial environment that combines the complexities of client-based revenue, partnership structures, and professional regulations. Whether you're managing a law firm, consulting practice, or healthcare facility, the financial challenges you face differ significantly from traditional businesses – and require specialized expertise to navigate successfully.

The White House on March 25, 2025, issued Executive Order 14247, “Modernizing Payments To and From America’s Bank Account.” The executive order states that effective September 30, 2025, to the extent permitted by law, the Secretary of Treasury will cease issuing paper checks for all federal disbursements, which includes tax refunds. 

As nonprofits navigate a complex landscape shaped by economic volatility, delayed government reimbursements, philanthropic shifts, and increasing service demands, maintaining operational continuity requires more than reactive budgeting. It requires a forward-looking financial strategy— one grounded in resilience, liquidity, and the flexibility to respond to risk. At the heart of this strategy is the net operating reserve (NOR).

State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules, aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies operating across multiple U.S. states face an increasingly complex state tax compliance landscape.

In light of current political volatility, economic uncertainty, donor realignment, and rapid technological change, traditional models of nonprofit governance may no longer be sufficient for your organization.

The Treasury Department has released crucial guidance on one of the most talked-about provisions in recent tax legislation - the "no tax on tips" deduction from the One Big Beautiful Bill Act. This development represents a significant opportunity for workers in tip-based industries, but like most tax changes, the details matter enormously.

The construction industry is facing unprecedented financial challenges as we move through 2025. From evolving tariffs and rising material costs to new tax legislation, construction companies are grappling with a complex web of economic factors that demand strategic financial planning and expert guidance.

Real estate and construction companies are on the precipice of a dramatic shift. Artificial intelligence (AI), particularly agentic AI, will permanently change how the industry does business, streamlining functions from back-office administration to logistics, data-heavy tasks, and more.

Managing finances for a nonprofit organization means navigating one of the most complex compliance landscapes in the business world. While for-profit companies focus primarily on tax compliance and financial reporting, nonprofit finance managers must juggle federal and state tax-exempt requirements, grant compliance obligations, board governance standards, and specialized accounting rules – all while supporting the organization's mission with limited resources.

Managing finances for a nonprofit organization means navigating one of the most complex compliance landscapes in the business world. While for-profit companies focus primarily on tax compliance and financial reporting, nonprofit finance managers must juggle federal and state tax-exempt requirements, grant compliance obligations, board governance standards, and specialized accounting rules – all while supporting the organization's mission with limited resources.

The reconciliation tax bill signed into law by President Trump on July 4 sets out sweeping tax changes, with many provisions of interest to the real estate industry. This Alert highlights the most important changes for the industry to focus on in tax planning.