Why 2025 Is Turning Out to Be a Great Year

In January, we wondered what the year would bring. Well, now we know what the first half of the year has brought, and it is good news for high-net-worth business owners. On Wall Street, the saying is buy low, sell high. In the world of estate planning, the saying is more like sell high, transfer…

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ACC Announces New Policies Aimed at Preventing Business Filing Fraud

Most state business filing agencies like the Arizona Corporation Commission (ACC) are ministerial entities only and have no regulatory or enforcement authority.  In other words, these government entities can make sure any documents you file meet filing requirements, but that’s where their responsibility stops. For example, ACC does not have a requirement to confirm or…

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Key Provisions of the New Tax Act

  On July 4, 2025, Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. At the center of the bill is the extension of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) slated to end at the end of 2025. The OBBBA makes many expiring provisions of TCJA permanent,…

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OBBBA – Tax Treatment of R&D Expensing and Bonus Depreciation

The One Big Beautiful Bill Act (OBBBA) significantly impacts the tax treatment for businesses of research and development (R&D) expense and bonus depreciation. These new provisions offer substantial benefits and  crucial planning opportunities for businesses looking to invest and innovate. Following is a breakdown of the key changes. R&D expensing: Immediate Deductions Restored Internal Revenue…

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What is The Difference Between a Public Charity and a Private Foundation?

If you listen to public radio, you have probably heard an announcement that programming is supported by an organization such as the Jane Doe Private Foundation or the Smith Family Foundation. If, on the other hand, you have personally made a donation to support public radio, you have donated to a public charity. What is…

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The Fraud Diamond

First, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created the Fraud Diamond to better explain how fraud is occurring. Pressure, opportunity, and rationalization aren’t enough without someone who has the ability to exploit them.…

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Employee Gift Matching Programs: Benefits and How-Tos

Employee gift matching is a powerful philanthropic strategy that involves companies pledging to match the charitable contributions their employees make to non-profit organizations.  General Electric created the first known gift matching program in 1954 and now matches more than $35 million in charitable donations each year. Microsoft has donated more than $1 billion since rolling…

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Understanding the Rising Threat of Deepfake Fraud

Fake or doctored images appear all over the internet and on our phone and computer apps these days. Some are harmless and entertaining. See how you will look as you age! How would you look with bunny ears and whiskers or maybe claws and fangs? Unfortunately, criminals are increasingly using generative artificial intelligence to mimic…

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Strengthening the Foundation: A CFO’s Perspective on the Importance of Internal Controls

In our article last month, “Why More Businesses are Turning to Fractional CFO Services,” we shared that many growing businesses lack the sophisticated financial controls and systems that are needed to manage the complexities of scaling operations. Implementing and refining financial systems, processes, and reporting structures ensures accurate, real-time insight into a business’s financial health.…

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Navigating Financial Complexity in Construction: Strategies for Cash Flow, Cost Control, and Long-Term Profitability

Construction professionals operate in one of the most financially complex industries, where managing cash flow and cost control from job to job creates fluctuating liquidity patterns unlike any other sector. When combined with rising material costs, labor shortages, and economic uncertainty, strategic financial management becomes essential to avoid fallout and to protect long-term profitability. Fortunately,…

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