Last year's One Big Beautiful Bill Act created a new type of tax-advantaged savings vehicle for eligible children: Section 530A accounts (also known as "Trump Accounts"). The accounts "went live" for contributions beginning on July 4, 2026, so we provide a comprehensive overview — including a look at recent IRS guidance.

In an unusual move, the IRS has made a midyear increase in the standard mileage rate for business vehicle use. Also rising is the standard mileage rate for qualifying medical care and eligible moving expenses for certain individuals. Here are the rates now in effect through December 31, 2026.

Long live the king! And queen, for that matter. This was a common refrain in medieval times. Naturally, at some point, the monarch of a kingdom passed away, at which point the eldest son typically ascended. This article explains why family businesses should not follow this model. Rather, they should engage in a careful and gradual succession plan that considers all viable candidates.

One way or another, every supervisor needs to clearly communicate strategic objectives and project goals. When they don't, deadlines tend to get missed and productivity slides. Using a fictitious big budgeting project, this article covers seven savvy strategies for how supervisors can ensure their teams understand the importance, time frame and specifics of what needs to get done.

Every business owner wants to "put the pedal to the metal" and get paid faster. Viable ways to do so, however, are few and far between. One approach to consider is procuring "lockbox" services from a bank. This article explains how, under the right circumstances, having a lockbox to receive payments can speed up the accounts receivable process.