Articles
Read the latest insights and trends in tax, audit and business strategy. Learn what you need to know to keep your business moving forward.
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Treasury Secretary Explains Vision for IRS at Committee Hearing
Read more: Treasury Secretary Explains Vision for IRS at Committee HearingInsights & Resources • Filed under Trade, tax cuts and deregulation are the core components of the Trump Administration’s economic agenda, as laid out by Treasury Secretary Scott Bessent at the May 6th hearing of a House Appropriations Subcommittee. Included in Bessent’s remarks was an update on the Administration’s plan for the IRS, which Bessent…
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Georgia Gives Farmers and Timber Producers Tax Relief to Offset Hurricane Damage
Read more: Georgia Gives Farmers and Timber Producers Tax Relief to Offset Hurricane DamageInsights & Resources • Filed under Georgia has enacted a bill which provides wide-ranging tax relief to farmers and timber producers in the state who were affected by Hurricane Helene. The major hurricane passed through the state on September 26-27, 2025, and caused an estimated $5.5 billion in agricultural and forestry losses, according to study…
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SALT Alert: Washington State Investment Income Voluntary Disclosure Program
Read more: SALT Alert: Washington State Investment Income Voluntary Disclosure ProgramInsights & Resources • Filed under Beginning July 1, 2025, the Department of Revenue will launch a temporary expanded Voluntary Disclosure Program allowing qualifying businesses with unreported investment income subject to business and occupation (B&O) tax to report that revenue without incurring penalties or interest. A taxpayer may obtain relief for other income streams reportable on the…
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How HITRUST Is Evolving to Meet the Moment: Key Takeaways from the 2025 Trust Report
Read more: How HITRUST Is Evolving to Meet the Moment: Key Takeaways from the 2025 Trust ReportInsights & Resources • Filed under As cybersecurity risks grow more sophisticated and organizations face mounting pressure to prove resilience, frameworks like HITRUST are evolving to deliver more than just compliance; they’re building stronger, smarter systems. The newly released 2025 HITRUST Trust Report highlights that shift, offering a roadmap for organizations that want to move…
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Big Changes for R&D Tax Breaks: What the “One Big Beautiful Bill” Means for Innovators
Read more: Big Changes for R&D Tax Breaks: What the “One Big Beautiful Bill” Means for InnovatorsInsights & Resources • Filed under If your business invests in research, software development or new product design, the U.S. House of Representatives just passed a bill that could put more money back in your pocket. The “One Big Beautiful Bill Act” (H.R. 1), passed on May 22, 2025, includes a major overhaul of how…
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The CFO’s Balancing Act: Growth vs. Resilience
Read more: The CFO’s Balancing Act: Growth vs. ResilienceInsights & Resources • Filed under Scaling a business is an exciting milestone, but if finance leaders don’t manage it properly, rapid growth can strain cash flow, disrupt operations and create compliance risks. The CFO’s role is to ensure that growth is not just fast, but sustainable. This means building a financial infrastructure that supports…
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The SALT Brief
Read more: The SALT BriefInsights & Resources • Filed under State and local tax laws are constantly evolving, creating challenges for businesses trying to stay compliant. The SALT Brief is a regularly updated resource that highlights key legislative changes, regulatory updates and policy shifts across the US. Table of Contents June 2025 Key Updates Alabama Tax years beginning on…
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From Strategy to Execution: Closing the Gap on Material Weaknesses
Read more: From Strategy to Execution: Closing the Gap on Material WeaknessesInsights & Resources • Filed under In our earlier articles, we explored the rising tide of material weaknesses and how organizations should respond—not just react. Article 1 examined early signals: a convergence of pressures from economic volatility, regulatory shifts and internal control failures. We predicted that material weaknesses would likely rise and since then, the…
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IRS to Remove Partnership Basis-Shifting Regulations
Read more: IRS to Remove Partnership Basis-Shifting RegulationsInsights & Resources • Filed under The IRS has announced its intention to remove the controversial partnership basis-shifting regulations that just took effect on January 14, 2025. The result will be that partnership basis adjustments involving related parties and identified as potentially abusive will no longer be treated as “covered transactions” subject to disallowance rules….
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House Ways and Means Committee Provides Updated Language on Proposed Changes to Section 174
Read more: House Ways and Means Committee Provides Updated Language on Proposed Changes to Section 174Insights & Resources • Filed under On May 12, 2025, the House Ways and Means Committee released updated text on the proposed tax legislation for “The One, Big, Beautiful Bill.” Many substantive changes have been proposed, including amendments to Section 174. As amended by the Tax Cuts and Jobs Act of 2017 (TCJA), Section 174…
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Georgia Taxpayers to See Lower Income Tax Rates and Up to $500 Back in 2025
Read more: Georgia Taxpayers to See Lower Income Tax Rates and Up to $500 Back in 2025Insights & Resources • Filed under The State of Georgia enacted two tax bills during the 2025 session that accelerate the planned reduction in the state income tax and add a new “tax credit” for taxpayers who filed returns in both 2023 and 2024. Notably, both bills were signed into law by Governor Kemp on…
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Navigating the New Era of Cyber Threats
Read more: Navigating the New Era of Cyber ThreatsInsights & Resources • Filed under As we settle into 2025, the cyber threat landscape has grown not just more sophisticated, but more interconnected. The latest Verizon Data Breach Investigations Report (DBIR) paints a complex picture, revealing that data breaches are no longer just a product of internal failings or direct hacks. Increasingly, third-party vulnerabilities, automation and organizational…
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