In Part 2 of the Trust Taxation series, we discussed how Distributable Net Income, or DNI, determines how much income can...
Trust Taxation Basics: Understanding Schedule K-1s – Part 3
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Partnership Taxation and the Importance of a Partnership Agreement
Choosing the legal form of a business is one of the most important decisions an owner will make. Options include operating...
Best of Both Worlds: Working as a Tax and Audit Crossover
The question that most public accounting hopefuls ask themselves as they begin their career is the dreaded question – tax...
Balance in Action: A Crossover Perspective
Blackburn, Childers & Steagall has four core values: Balance, we before me, premier service, and stewardship. Each core...
When Travel Expenses Are Deductible for Self Employed Individuals: A Practical Guide
Travel is a normal part of business for many self-employed individuals. But determining whether those travel costs are...
IRS Announces Standard Mileage Rate Increase for Business
The Internal Revenue Service (IRS) has announced a change to the standard mileage rate for the second half of 2026....
Trust Taxation Basics: Understanding Distributable Net Income (DNI) – Part 2
In Part 1 of the Trust Taxation series, we introduced how trust distributions can shift the income tax burden from the...
QuickBooks Payroll Tax Settings Update
QuickBooks is changing their automated payroll tax settings. What exactly is QuickBooks changing? Starting July 1, 2026,...
“No Tax on Tips” – Final IRS Regulations and What They Mean for You
Overview The Internal Revenue Service (IRS) has finalized regulations implementing the “No Tax on Tips” provision enacted...
Trust Taxation Basics: Who Pays the Tax? – Part 1
One of the most common questions trustees face is: Who is responsible for paying income tax—the trust or the beneficiary?...
QuickBooks On-Demand Pay: What Employers Need to Know
QuickBooks recently announced a new feature called On-Demand Pay that will be added automatically to QuickBooks Payroll...
Changes to Energy Credits Under OBBBA
The One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, introduces significant changes to federal energy tax credits,...