While many plan sponsors and employers may never encounter the need to file it, understanding when it applies is critical to maintaining compliance and avoiding costly penalties.

Several important tax deadlines are approaching for taxpayers who filed extensions for their 2024 federal tax returns, as well as for those making 2025 estimated tax payments.

The Reconciliation Bill -H.R. 1 - has introduced transformative changes to Section 1202 of the Internal Revenue Code which covers the exclusion of gain from the sale or exchange of Qualified Small Business Stock (QSBS). These updates significantly broaden eligibility, raise cap limits, and introduce a tiered gain exclusion, providing more flexibility and tax-saving opportunities for investors.

On July 4th, 2025, President Donald Trump signed and enacted the Reconciliation Bill H.R. 1. This new bill introduced many changes to existing individual tax provisions, including tax rates, deductions, credits, and alternative minimum tax rules.

Are you interested in tailoring risk management services to better meet your dealership needs? Are you concerned that your dealership may be overpaying for your current insurance coverage? More dealerships are forming their own (captive) insurance companies to self- insure selected risks. Learn the basics, and pros and cons of establishing a captive insurance company for your dealership.

We were honored to attend the NACUBO 2025 Annual Meeting, held July 26–29 in Washington, DC (National Harbor, MD).