May 2026

Samuel M. Lyon,

CPA

Tax Partner

Featured Article From Our Experts

Key Tax Considerations When Buying or Selling a Business

Buying or selling a business involves several important tax and structural considerations that can significantly impact both buyers and sellers. Transaction structure affects taxes, liabilities, cash flow and long-term financial outcomes for each party involved. Asset sales may provide buyers with tax advantages, while sellers may face depreciation recapture and higher ordinary income taxes. In this article, you'll learn the key differences between asset and stock sales and the importance of proper planning to help ensure a successful business transition.

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Turn a Real Estate Sale Into a Tax-Smart Strategy

Selling investment or commercial real estate can lead to a significant tax bill. An installment sale may help by allowing sellers to spread the recognition of gain over multiple years rather than recognizing it all at once. This article explains how this strategy works.

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Tax Records: What Can You Toss and What Should You Keep? 

Tax records can pile up quickly, but disposing of them too soon can create problems if the IRS has questions. This article explains when certain documents can be discarded and which records should be retained longer.

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Plan Carefully to Minimize Taxes on Your Inheritance

Receiving an inheritance can create new financial opportunities, but it also brings important tax considerations. This article explains some key tax rules that may affect inherited property and how they can influence your planning decisions.

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Hiring Your Minor Children for Summer Jobs

Hiring your minor child to work in your business this summer can provide several tax benefits. This article explains the tax advantages and how to qualify for the benefits.

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About Dannible & McKee, LLP

Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Known for our technical expertise and deep industry experience, we are committed to delivering high-quality service tailored to our clients' needs. Our firm is guided by core values that prioritize our clients' best interests, ensuring they receive the strategic insights and support needed to navigate financial complexities with confidence. In a profession built on precision and trust, our greatest reward comes from the simplicity of helping good people prosper. By providing clarity in every financial decision, we contribute to their long-term success. That's the key to Delivering Confidence!

Learn more about Dannible & McKee at: www.dmcpas.com.