INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

The OBBBA Car Loan Tax Deduction

If you're shopping for a new car, there's a limited-time tax break that could save you thousands of dollars. However, there's a specific window of time, the rules are strict, and you must act strategically to make it work. Watch our video to learn more.

How tax changes in the One Big Beautiful Bill Act could affect manufacturers

RSM explains how tax changes in the Big Beautiful Bill could affect manufacturers. Learn how manufacturers can take advantage of OBBBA tax benefits.

The Ripple Effect: What Will State and Local Tax Look Like Under the One Big Beautiful Bill?

The One Big Beautiful Bill introduces significant changes to state and local tax practices and policies.

Don’t Forget the Upcoming 401(k) Audit Deadline

Summertime brings not just sunshine but also critical 401(k) audit deadlines for many organizations. This comprehensive guide breaks down when an audit is necessary, common pitfalls to avoid, and best practices to streamline the process. Prepare proactively to maintain compliance and the trust of your plan participants—don’t let the season catch you off guard!

The One Big Beautiful Bill Makes Domestic R&E Expenditures Deductible Again

The One Big Beautiful Bill Act has returned the ability for companies to immediately deduct domestic research and experimental (R&E) costs for the 2025 tax year, but it also introduces a complex network of new choices taxpayers will need to make strategically for the 2025 tax year. The Bill establishes new transition rules: one that allows for retroactive application by eligible taxpayers and another that allows for the acceleration of remaining unamortized amounts.

OBBBA Made Simple: How the New Law Reshapes Your Personal Taxes

Discover the transformational changes introduced by the One Big Beautiful Bill Act (OBBBA) in the realm of individual taxation. Locked-in lower rates, expanded deductions, and novel credits like the Trump Account offer new avenues for financial planning and savings. Navigate these updates with a detailed understanding and see how it can reshape your fiscal strategies.

A New Dawn for Business Taxes: Opportunities and Challenges in the OBBBA

The One Big Beautiful Bill Act (OBBBA) represents a transformative change in U.S. tax policy, offering new opportunities and challenges for businesses. By making permanent significant provisions from the TCJA, restoring 100% bonus depreciation, and revising R&D tax benefits, the OBBBA requires strategic planning to maximize its advantages. Explore how these revisions can impact your business and learn strategies to navigate this complex, evolving tax landscape.

Navigating State & Local Tax Pitfalls for Construction Contractors in WA, OR, and ID

Construction contractors in the Pacific Northwest face unique SALT risks due to mobile crews and multi-state tax rules. Learn how to stay compliant and protect your margins.

When is an S-corp election the right move?

Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it's time.

Washington State Tax Reform & How We Can Help!

Navigating Washington State's 2025 Tax Reforms: How Larson Gross Can Help Washington State's 2025 tax reforms introduce broad changes to Sales and Business & Occupation (B&O) taxes. These changes will impact a wide array of businesses—particularly those offering newly taxable services or operating at scale. Here's a breakdown of the reforms and how Larson Gross can support you every step of the way.

Impersonation Fraud: Internal Controls for Front Line Defense

Scammers can now imitate your bank, your vendors, even your own executives, often with AI-generated voices. Watch this video to learn about safeguards your company can use to block these look-alike attacks.

Scenario Planning: A Roadmap for Business Agility

In a world of constant change and unpredictability, scenario planning empowers businesses to anticipate multiple futures and make informed decisions. This strategic approach helps organizations manage risks, optimize resources, and stay agile amidst economic volatility, technological advancements, and shifting consumer preferences. Discover how scenario planning can transform your company's resilience and growth potential.

House reconciliation bill: AICPA’s concerns over some proposals

The House's One Big Beautiful Bill Act introduces tax changes that could impact pass-through entities and professional service providers. With concerns from the AICPA about potential complexities and unfair advantages, the bill is under Senate scrutiny. Discover the implications for tax planning and compliance and what stakeholders can do as the legislative process unfolds.

Washington state enacts broad tax increases

Washington state enacts tax increases and new taxes, including broadening the retail sales tax base and raising B&O tax rates.

Tariffs weigh on manufacturing and construction

The impact of tariffs on manufacturing activity was in full force in May, according to business executives surveyed by the Institute for Supply Management, as falling demand and rising prices occurred simultaneously.

No tax on tips and overtime: What employers should know

RSM explains how the One Big Beautiful Bill Act proposals to not tax tips and overtime could affect employers. Learn more.
No results found.