The IRS is offering penalty relief for 2025 as employers struggle to comply with new reporting requirements for tips and overtime pay under the OBBBA. While businesses won’t face penalties this year for failing to separately report qualified tips, overtime compensation, and occupation codes, this transition period is explicitly temporary—and smart employers will use it to prepare for full compliance in 2026.
Smart outsourcing isn’t about luxury – it’s strategically identifying tasks that drain mental bandwidth without delivering value, from meal prep and household management to admin work and scheduling. The key is starting small with fractional support, establishing clear systems, and focusing delegation on areas where you procrastinate or that create decision fatigue. By protecting what only you can do and handling the rest, you create more space for higher-impact work and reduce daily friction.
Mitigate the risk of IRS reclassification of compensation as disguised dividends. Learn how C corporations can structure owner-employee pay to stay compliant and tax-efficient.
Washington Court clarifies that B&O tax sourcing rules require that service providers attribute revenue to where customers receive the benefit, which is not necessarily the billing address.
Learn how to prepare for and respond to a business crisis with proven strategies. This guide covers real-world missteps, leadership tactics, and financial planning tips to help your business recover and thrive.
Think you know how capital gains work? Think again. Here are 4 surprising capital gains mistakes investors make—and how to avoid a surprise tax bill.
RSM US explains how removal of reciprocal tariffs on Swiss-origin generic pharmaceuticals affects US importers and refund opportunities. Learn more
Trusts are powerful estate planning tools, but not all trusts are created equal. In this video, we break down the key differences between revocable and irrevocable trusts, including control, tax treatment, creditor protection, and long-term planning implications. Whether you’re building a basic estate plan or preserving multigenerational wealth, understanding these two foundational trust structures is essential.
Discover how cloud accounting and ERP solutions improve financial visibility for restaurants, franchises, and hospitality businesses.
Six key issues shaping taxes and the U.S. economy, including government shutdowns, tariff uncertainty, tax policy, labor market, and interest rates.