December 2025

Nicholas L. Shires,

CPA

Tax Partner

Featured Article From Our Experts

Minimize Your Business’s 2025 Federal Taxes by Implementing Year-End Tax Planning Strategies

Taking time now to prepare for year-end tax planning can pay off when next year’s filing season arrives. In this article, I will highlight key steps you can take today, including investment strategies influenced by the OBBBA that can help strengthen your tax position. 

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NOL Deductions Can Ease the Pain of Business Losses

Losses are a real possibility for businesses, whether they're new or well-established.   The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.  

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How Does the New Tax Deduction for Car Loan Interest Work?

Generally, except for home mortgage interest, personal interest expense isn't deductible for federal income tax purposes. Now, the One Big Beautiful Bill Act has added another exception for eligible car loan interest on qualified passenger vehicles. This article covers the eligibility rules. 

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The Tax Implications of Remote Work

Remote work can offer advantages for both employers and employees. But it may also lead to some tax surprises, especially if workers cross state lines.

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New High-Low Travel per Diem Rates

The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual business travel expenses. Here’s a look at the current per diem rates within the continental United States and the rates in certain high-cost locations. 

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Register for Our Annual Nonprofit Conference — January 7, 2026!

Don’t miss one of our most popular events of the year! Our virtual Annual Nonprofit Conference brings together industry experts to break down the financial and operational challenges facing nonprofits today—and gives you practical strategies you can put to work immediately. CPE credits are available.

Register Now

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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.

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