Cash vs. Accrual: Choose the Right Accounting Method for Business Tax Purposes
Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for >>
Month: June 2025
5 Common Business Entities and Their Tax Implications
Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects >>
A Guide to Montana’s Property Tax Reforms
In the 2025 legislative session, Montana lawmakers passed two bills that will affect future property taxes. House Bill 231 and Senate Bill 542 bring tiered tax >>
What Are the Tax Implications of Gold and Other Precious Metal Investments?
To hedge against stock market volatility and inflation, some IRA owners and investors put money into precious metal assets, such as gold, silver and platinum. Although >>
Property and Casualty Insurance: Protect Your Property, Preserve Your Wealth
When disaster strikes — whether it’s an accident, burglary, fire, storm or lawsuit — having the right property and casualty insurance can be the difference between >>
Act Soon: EV and Homeowner Tax Credits Ending After 2025 Under Proposed Law
The U.S. House of Representatives recently passed a sweeping tax and spending measure, dubbed “The One, Big, Beautiful Bill.” It includes significant tax implications for electric >>
How Are Income Distributions from Trusts and Estates Taxed?
As separate legal entities, estates and nongrantor trusts must file their own federal tax returns, just like individual taxpayers. Unlike individuals, however, these entities may distribute >>
