Insights

The One Big Beautiful Bill Act introduced Trump Accounts, a new tax-advantaged savings option designed to help children build long-term wealth. With potential government seed funding, tax-deferred growth and contribution opportunities from families and employers, these accounts create new planning opportunities.

Profits interests can be a tax-efficient way for businesses structured as partnerships and limited liability companies to attract and retain talent when cash compensation is limited.

Nonprofits with investment portfolios should consider adopting effective spending policies. There is no one optimal policy that should be followed, the best option will vary on a variety of factors.

In recent research, it is estimated that one hour of volunteer time is worth $34.79 and could be more valuable depending on the location and when provided by certain professionals.

Tax Tip: Donors should consider leaving an asset to a single charity, such as a private foundation, to determine its ultimate disposition.

Under the new USPS rules, the postmark may not accurately reflect the date the documents were mailed. Exercise caution for the rest of the tax filing season and wrap up 2025 by steering clear of postal penalties and future headaches.

Congratulations to our staff who are celebrating work anniversaries in quarter one! Your unwavering dedication and commitment are invaluable.

Nonprofit organizations that have an endowment must adhere to certain regulations, including when it comes to spending from investment income. For this reason, many nonprofits opt to have a financial professional manage their endowment investments.