A new tax-advantaged way to help children build savings for the future was created under the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, parents can elect to establish a TA for a U.S. citizen child born between 2025 and 2028, and the federal government

Accrual-basis taxpayers have unique opportunities—and risks—at year-end. Below is a structured checklist covering income acceleration/deferral, expense strategies, inventory, payroll, asset purchases, and other key areas. 1. Income Review & Deferral/Acceleration Income Recognition 2. Expense Accruals General Accruals Common Year-End Accruals Related-Party Review 3. Inventory & COGS 4. Fixed Assets &

As 2025 winds down, business owners and managers are ramping up their planning efforts for the new year. Part of the annual budgeting process is identifying ways to lower expenses and strengthen cash flow. When cutting costs, think beyond the obvious, such as wages, benefits, and employee headcount. These cutbacks