The One Big Beautiful Bill Act (OBBBA) includes a number of tax law changes that affect employers. Here are 10 key provisions employers need to understand to ensure compliance...
Blog
Unwrap the New Tax Rules for Charitable Donations
The holiday season is right around the corner, and that's when many charitably inclined people start to think about year-end donations to their favorite charities. When planning...
Beware: Large Cash Payments May Require Extra Tax Filings
The IRS requires taxpayers to follow strict rules for reporting cash transactions above $10,000. This requirement affects everyone, from an independent contractor to a retailer...
Staff Promotion
Please congratulate our team member Dustin Page, CPA, CVA for becoming WABC's newest Manager!
QBI Deduction: How the OBBBA Improves the Rules
Many owners of pass-through businesses and self-employed individuals have taken advantage of the Section 199A qualified business income (QBI) deduction. Created by the Tax Cuts...
New Trustees’ Report: Social Security Benefits Update and the Tax Angles
The Social Security Board of Trustees recently released "The 2025 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability...
Resolve Customer Billing Disputes Promptly
Just about every business has its share of slow-paying customers and plain old bad apples who won't settle up without making a fuss. As a result, many companies always seem to be...
Surviving an Earnout Provision in a Business Sale
If you're selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional...
New Study on Tax Burdens: How Does Your State Measure Up?
Where you live can have a major impact on your tax bill. If you're retiring or able to work remotely, you might be thinking about relocating, and taxes can be a major factor in...
9 Individual Tax Credits You Can’t Afford to Overlook
Tax credits are the most valuable tax breaks available. Each dollar of credit equals a dollar of tax savings. By comparison, if you're in the 32% federal income tax bracket, each...
