When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key.Here are five options to consider, along with some of the tax implications.
Planning for the Future: 5 Business Succession Options and Their Tax Implications

Posted by Lesley L. Price, CPA on Mar 20, 2025
Posted in Business Advisory
Posted in Payroll, HR & Benefits
Risks are unavoidable in today’s volatile, uncertain marketplace. However, proactive owners and executives can manage business risks more effectively with an enterprise risk management (ERM) framework. A structured approach helps organizations anticipate risks, seize opportunities, and build resilience.
Posted in Audit & Assurance
Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB says the audit guidance hasn’t kept pace with changes in financial reporting frameworks, risk assessment methodologies, and technological advancements. This has resulted in inconsistencies in how companies account for post-balance-sheet developments in their financial statements.
Posted in Audit & Assurance
Accurate financial records help business owners manage cash flow, tax obligations, and strategic planning. QuickBooks® is one of the most widely used bookkeeping software solutions for small and midsize businesses, offering a comprehensive suite of tools designed to simplify financial management and support business growth.
Posted in Accounting & Outsourcing
Ways to Manage the Limit on the Business Interest Expense Deduction

Posted by Jessica L. Pagan, CPA on Mar 05, 2025
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expenses. The TCJA created Section 163(j), which generally limits deductions of business interest with certain exceptions.
Posted in Business Tax
In 2025, global merger and acquisition (M&A) volume is expected to surge to the highest level in four years, according to Reuters. M&As require thorough due diligence to minimize risks and maximize long-term value. Some business combinations fail to achieve expected results due to financial missteps, overlooked liabilities, and integration challenges.
Posted in Business Advisory
House GOP Unveils Extensive List of Proposed Tax Changes

Posted by Michael D. Machen, CPA, CVA on Feb 14, 2025
Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which would help pay for the extension of the expiring provisions of the Tax Cuts and Jobs Act of 2017 and set President Donald Trump’s tax policy agenda.
Posted in Taxation
2025 Predictions for the Real Estate and Construction Industry

Posted by Jessica L. Pagan, CPA on Feb 13, 2025
Across industries, the last year has been challenging for U.S. companies. Uncertainty around the election, steep inflation, and high interest rates have introduced instability and financial pressures that have taken their toll on the business landscape.
Posted in Business Advisory
Financial forecasting provides a roadmap to guide your organization on the path to success. Forecasts support strategic planning by helping you allocate resources efficiently, manage risks effectively, and optimize capital investments. However, today’s dynamic marketplace is uncharted territory, so you can’t rely solely on historical data. Reliable forecasts also consider external market trends and professional insights. Here are some tips to strengthen your forecasting models and help you avoid common pitfalls.
Posted in Audit & Assurance