This article highlights several key assurance considerations for construction companies and how they can support financial clarity and operational efficiency.

For calendar-year QOFs, June 30, 2025, is the first testing date to determine compliance with the 90% investment standard, commonly known as the 90% test.

The proposed Republican tax bill often referred to as the “One Big Beautiful Bill” has advanced significantly, with the House passing the legislation in late May 2025. The bill is now awaiting Senate consideration and possible modification before it could become law.

Qualified Opportunity Funds (QOZ) can still be a beneficial investment in 2025. The advantages are more limited than in earlier years due to the expiration of some key tax incentives.

Tennessee is stepping up its commitment to data privacy with the passage of the Tennessee Information Protection Act (TIPA), which goes into effect on July 1, 2025.

For individuals, trusts, and corporations that make quarterly estimated tax payments, the deadline to make second quarter payments for tax year 2025 is Monday, June 16th, unless you qualify for IRS disaster relief.