IRS’s Mistake Almost Costs Client $100K! Luckily, We Spotted The Error.

Oil and Gas Royalties: How the Federal Bill Could Impact State Revenue in Energy-Producing States The oil and gas industry produces federal revenue that supports a variety of government programs. In 2023, oil and natural gas leases accounted for 93% of the total federal revenue from onshore leasable federal lands, totaling $8.497 billion. Royalties made up the […]

The Impact of the New Federal Bill on State Infrastructure Projects The H.R.1 – One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, has garnered the attention of almost every sector of the American economy, including infrastructure. This bill modifies specific provisions of the Inflation Reduction Act of 2022 (IRA) […]

Business Tax Reform and Your State: Navigating the New Landscape Congress recently passed the One Big Beautiful Bill Act (OBBBA) into law, which made many of the provisions from the Tax Cuts and Jobs Act (TCJA) of 2017 permanent. As a business owner, understanding these changes ensures that you avoid potential violations and penalties while enabling you to maximize tax-saving […]

Maximizing your state standard deduction directly impacts your tax liability, yet many taxpayers overlook key opportunities. While federal deductions often get the spotlight, state-level deductions work differently and vary by state. Misunderstanding these rules can lead to missed savings or costly mistakes. From common errors to strategies for high-net-worth and self-employed taxpayers, understanding your state’s […]

Congress has made the 20% qualified business income (QBI) deduction permanent. That means small business owners have no uncertainty, so you can plan confidently starting in the 2026 tax year and beyond. At the state level, QBI deductions vary. While some states conform with the federal QBI deduction, others opt to decouple — this means […]