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How will the One, Big, Beautiful Bill Act affect individual taxpayers?

The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual's taxes. The new law makes some changes to existing tax breaks that will be significant to many, but not all, taxpayers. It also creates new breaks that, again, will be significant to certain taxpayers. Finally, it makes permanent the tax rate reductions and most of the changes to... Read More

9 essential types of insurance for construction companies

Comprehensive insurance coverage might seem like a luxury for many contractors. After all, you're likely dealing with rising costs from supply chain uncertainties, tariff-impacted materials prices and a tight labor market. However, these conditions make financial protection more important than ever. We can help you put together the optimal insurance mix tailored to your construction company's... Read More

Digital twins are transforming the manufacturing industry

A technology originally pioneered by NASA for its Apollo missions back in the 1960s is now taking center stage in the manufacturing industry. During a time of labor shortages, supply chain issues and rising material costs, so-called "digital twins" give manufacturers the ability to dramatically improve the way they do business, from enhancing factory design and streamlining operations to informing strategic... Read More

One, Big, Beautiful Bill Act extends many business-friendly tax provisions

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both are likely to impact your tax planning. Here are several provisions included in the new law that may influence your business's tax liability. Additional articles in this series are forthcoming to address... Read More

Transfer pricing in manufacturing: Tax compliance across borders

If your manufacturing company operates through two or more entities and is expanding into multiple states or even overseas, you need to become familiar with transfer pricing. While the term is typically associated with large, multinational corporations, manufacturers of various sizes may encounter transfer pricing issues. Defining transfer pricing Transfer pricing refers to pricing arrangements for... Read More

President Trump signs One, Big, Beautiful Bill Act into law

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends many of the provisions of the Tax Cuts and Jobs Act (TCJA), the sweeping tax legislation enacted during the first Trump administration. It also incorporates several of President Trump's campaign pledges, although many on a... Read More

Is an ESOP the Right Exit Strategy for Your Construction Company?

If you're planning for succession, you may be weighing your options: sell to a competitor, transition to family, or bring in outside investors. But one increasingly attractive option, especially in the construction industry, is establishing an Employee Stock Ownership Plan (ESOP). An ESOP allows you to sell all or part of your company to your employees, providing a structured exit while preserving your... Read More

Why Proper Asset Titling Matters to You and Your Family

When it comes to protecting your loved ones and making sure your wishes are honored, how your assets are titled is just as important as having a will. Asset titling refers to how ownership of property is legally structured, specifically, whether you hold something in your name only, jointly with someone else, or in a trust. These decisions can determine how your assets pass, whether they go through probate,... Read More

The House passes The One, Big, Beautiful Bill Act: An overview of its tax provisions

The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on December 31. It also includes some new and enhanced tax breaks. For example, it contains President Trump's pledge to exempt tips and overtime from... Read More