Section 663(b) of the Internal Revenue Code provides fiduciaries of complex trusts and estates with a valuable post–year-end planning opportunity. Commonly referred to as the “65-day rule,” this election can be especially useful when year-end income information is not fully available by…

Audits are often perceived as a compliance exercise—something required by regulators, lenders, or investors. In practice, a well-executed audit serves a much broader purpose. It provides insight into financial performance, strengthens internal discipline, and builds confidence among existing and prospective stakeholders who…

The One Big Beautiful Bill Act (OB3) introduces significant tax benefits for many U.S. businesses that invest heavily in research and development (R&D) or software development. It also updates the rules for the Research and Development Tax Credit, including changes to eligibility requirements…