The One Big Beautiful Bill Act brings significant changes to your 2025 Form 1040. New deductions for seniors, tips, and overtime pay, a higher SALT deduction limit, an increased Child Tax Credit, and updated digital asset reporting rules are just a few of the highlights worth knowing before you file.
Even the most dedicated nonprofit board members can face serious financial risk if a lawsuit holds them personally liable for their decisions. Directors and officers (D&O) insurance is one of the most important protections your organization can have. Learn what it covers, who it protects, and what to watch out for.
Net operating loss rules can be complex and easy to misapply. Learn how the Tax Cuts and Jobs Act, the CARES Act, and the One Big Beautiful Bill Act have shaped the current NOL deduction landscape, and what you need to know to make the most of your losses heading into 2026 and beyond.
Discovering you owe more in taxes than you can afford to pay right now is stressful, but options are available. Filing your return on time is the critical first step to avoiding costly penalties. From short-term payment plans to installment agreements and offers in compromise, the IRS offers several paths to resolution.
If you have minor children or college students in your household, the “kiddie tax” may affect how their investment income is taxed. This often-overlooked rule can apply well beyond childhood and lead to unexpected tax bills. Here’s what you need to know to plan ahead and avoid surprises.
Failing to file Form 990 can cause penalties or loss of tax-exempt status. Discover the risks and how nonprofits can get back on track.
From a new paid family leave tax credit and R&D opportunities for agribusinesses to rent deduction rules and the tax duties that come with closing a business, there is a lot for business owners to keep up with. Here is a quick roundup of federal tax tips you need to know.
Aprio Insights on the The Future of Real Estate Accounting: How AI, Automation, and Strategic Outsourcing Are Reshaping the Industry. Read the article.
If your company recently launched an employee assistance plan (EAP) that provides counseling services, you may have taken on significant compliance obligations without realizing it. Whether your EAP is subject to COBRA and ERISA depends on the nature of its benefits and how the plan is structured.
Deducting vehicle expenses can deliver meaningful tax savings, but the IRS enforces strict recordkeeping rules that many business owners overlook. From mileage logs to business purpose documentation, missing details can cost you your entire deduction. Learn what the IRS requires, what exceptions apply, and how to keep your records audit-ready.