Tax Planning & Compliance
What SaaS Companies Need to Know About State Tax Obligations
As software companies shift to subscription-based models and expand across state lines, tax obligations grow less predictable—and more costly when overlooked. Sales tax on Software-as-a-Service (SaaS) is no longer limited to where a company is headquartered. Instead, tax exposure may follow where products are used, where customers are billed, or even where remote team members […]
2025-2026 Tax Planning Guide for Business and Individuals
Proactive tax planning is always important, but this year brings new considerations. The One Big Beautiful Bill Act (OBBBA), signed into law July 4, introduced significant changes, many of which take effect in 2025. These provisions may require adjustments to strategies you have used in the past, and they create new opportunities for those who […]
Positive Changes for R&E Tax Deductions Under OBBB
For decades, companies have navigated the complexities involved in deducting research and experimental expenditures. The One Big Beautiful Bill (OBBB) Act with the newly released Revenue Procedure 2025-28 changes that landscape. Starting with tax years after December 31, 2024, domestic research and development expenses may be deducted immediately, replacing the prior five-year capitalization and amortization […]
Life Sciences Gain R&D Tax Relief Under OBBB
Life sciences companies face some of the highest costs and longest timelines for research and development. The One Big Beautiful Bill (OBBB) Act, with the newly released IRS Revenue Procedure 2025-28, eases some of the tax complexity around these expenditures. Starting with tax years after December 31, 2024, domestic research and development expenses may be […]
Employers Prepare for New Overtime Deduction Reporting Rules Under OBBB
The One Big Beautiful Bill (OBBB) Act, passed earlier this year, introduces a temporary tax break for individuals who receive overtime pay. For tax years 2025 through 2028, eligible workers may deduct a portion of overtime wages from taxable income. The change allows employees who work overtime to reduce taxable income, offering some financial relief […]
What Life Science Firms Need to Know Before Expanding to the U.S.
Understanding the U.S. Market Entry Process for Life Science Companies For foreign life sciences companies, the decision to establish a presence in the United States often begins with a strategic imperative—a clinical trial site near an academic research center, access to venture funding, or proximity to biopharma partners. But once the strategic rationale is clear, […]
What OBBB Means for Charitable Contributions
New Rules for Charitable Deductions Starting in 2026 For years, charitable giving rules have shifted with each round of tax legislation, leaving individuals and corporations uncertain about what’s next. The One Big Beautiful Bill (OBBB) Act is the latest in this evolution, introducing new opportunities and limitations that will take effect in 2026. Some provisions […]
What OBBB Means for Estate Tax and Wealth Transfer
The One Big Beautiful Bill (OBBB) Act raises the federal estate tax exemption to $15 million per individual beginning January 1, 2026, a permanent change indexed for inflation. For many families, this eases the prospect of federal estate tax altogether. Yet planning remains as vital as ever. The increase does not replace the value of […]
Qualified Small Business Stock Changes: Higher Caps, Shorter Holding
Tucked within the One Big Beautiful Bill (OBBB) Act is a meaningful update to the tax code: revisions to the Qualified Small Business Stock (QSBS) gain exclusion under Section 1202. Long used as a tool to encourage innovation and investment in early-stage businesses, the QSBS rules have now been clarified and expanded. The changes are […]