The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability...
By Grace Broussard, AccountantThe One Big Beautiful Bill Act (OBBBA) was passed on July 4, 2025, enacting a large set of federal taxation changes. Darnall, Sikes & Frederick would like to provide clarity on a number of the new provisions so that individuals like...
Are you thinking about selling or merging your business? In September 2025, the Federal Reserve Bank lowered its benchmark rate by 0.25% and hinted at possible additional rate cuts in the coming months. Lower rates, combined with favorable tax law changes, could spark...
The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return and payroll tax reporting rules....
Effective September 30, 2025, the IRS will no longer issue refunds via paper checks. It is recommended that direct deposit be set up at the time of tax preparation services. This change is part of a new executive order aimed at modernizing the federal...
