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

The One Big Beautiful Bill Act (OBBBA) made changes to or introduced a number of tax laws pertaining to business. New regulations governing payroll tax reporting and information returns are among the changes that are likely to significantly affect payroll management firms and employers. Let’s examine the changes that will