INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

Why Timely Unclaimed Property Reporting Matters: A Crucial Reminder as State Deadlines Loom

Aprio Insights on the Why Timely Unclaimed Property Reporting Matters: A Crucial Reminder as State Deadlines Loom. Read the article.

Attribution Rules Explained: How Constructive Ownership Can Affect Your Tax Strategy

You may think you don't own a particular business interest, but the IRS might disagree. Under constructive ownership rules, the tax code can attribute ownership to you based on family relationships or entity structures. Understanding these rules before they impact your tax strategy is essential for business owners with family ties, trusts, or complex ownership structures.

Personal guarantees: costly risk or tax leverage?

Banks want an extra layer of security for business loans, and a personal guarantee delivers it - but for partnership owners, there's a hidden tax advantage most overlook. This synthetic capital injection can turn a necessary business risk into meaningful tax leverage, provided you understand the mechanics and monitor the potential pitfalls.

Making the Most of Your Form 990: Strategies for Transparency, Compliance, and Impact

Aprio Insights on the Making the Most of Your Form 990: Strategies for Transparency, Compliance, and Impact. Read the article.

Mission meets metrics: Harnessing data to drive nonprofit impact

Discover how data-driven decision making can boost nonprofit impact, efficiency and donor engagement. Read more.

You’ve filed an S election – now what? A practical compliance checklist for new S corps

Making the jump to S-corporation status probably wasn't an impulse decision; you looked at your books, saw profits piling up well beyond the salary you pay yourself, and decided it was time to stop paying self-employment tax on every extra dollar. However, the S election is more than just a single signature on Form 2553; it introduces a new set of rules.

Incentive units: how partnership-style equity can reward talent without a surprise tax bill

Non-public pass-through companies can't flash the same liquid stock options that publicly traded C-corporations deploy, but a profits interest solves the problem by letting newcomers participate only in growth that occurs after the grant date - with no immediate tax bill for either party. Learn more in our article.

Debt-financed distributions for pass-throughs: how they work and when they make sense

When a pass-through business takes out a loan at the entity level and immediately distributes the borrowed funds to its owners, this is considered a debt-financed distribution. This maneuver provides owners with immediate liquidity without triggering a current tax bill, as long as they have sufficient tax basis to cover the distribution.

Claiming R&D Tax Credits in Architecture, Engineering & Construction: Risks and Rewards

R&D tax credits can help businesses in the AEC industry boost cashflow and fund innovation, but not all common activities are qualified.

Cost Segregation in Restaurants and Franchises: How to Maximize Your Tax Savings

Discover how cost segregation studies can help restaurant and franchise owners unlock significant tax savings, particularly under changes introduced by the One Big Beautiful Bill.

Maximizing Real Estate Tax Benefits: Bonus Depreciation vs. §179 Deduction Under the One Big Beautiful Bill

Explore real estate tax strategies with bonus depreciation and §179 updates under the One Big Beautiful Bill to maximize year-end deductions and savings.

Risk to resilience: How engineering firms can govern AI with confidence

Discover actionable AI governance strategies that help engineering firms reduce risk and build long-term resilience. Learn more.

Washington’s Expanding Sales Tax Rules: What Agribusinesses Need to Know

Washington’s passage of Senate Bill 5814 represents one of the most significant tax changes for the state’s agricultural sector in recent years. Beginning October 1, 2025, many activities and services long considered outside the retail sales tax base will now be taxable. While certain agricultural inputs remain exempt, the inclusion of labor services and technology-driven tools creates new financial and operational pressures for growers, packers, and related agribusinesses.

Amended guidance for measuring credit losses on short-term receivables

ASU 2025-05 provides a practical expedient for estimating expected credit losses on current accounts receivable and contract assets.

From Confusion to Clarity: Mastering Form 990-PF: A Guideline for Private Foundations

Unlock nonprofit success by mastering Form 990-PF. This comprehensive insight will help you tackle tax form complexities with ease and compliance.
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