November 2025

Shannon T. Forkin, CPA, CGMA

Tax Partner

Featured Article From Our Experts

What Do the 2026 Cost-Of-Living Adjustment Numbers Mean for You?

As you prepare your 2025 year-end tax plan, it’s important to keep in mind the IRS’s recently released 2026 cost-of-living adjustments. This article reviews the new figures and offers guidance to help you plan deductions and contributions that maximize your 2025 and 2026 tax outcomes. 

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Restored 100% Bonus Depreciation: A Valuable Year-End Tax Planning Tool

The One Big Beautiful Bill Act (OBBBA) has permanently restored 100% first-year bonus depreciation, offering business owners a powerful way to maximize their tax savings for 2025 and beyond. Under prior law, this tax break was phasing out and scheduled to vanish in 2027. This article provides details. And a sidebar gives a brief look at one retirement plan option business owners can use to save taxes for the business, for themselves and their employees. 

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Five Smart Tips for Individual Year-End Tax Planning

Tax planning at the end of the year can be done as late as November or even December. This article looks at five tips that can help taxpayers improve their outcome when tax filing time rolls around. 

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Throwing a Party for Your Workforce? Know the Tax Rules

The tax rules for deducting the cost of employer-provided holiday parties for staff and guests changed under the Tax and Cuts Jobs Act, but deductions are still available. This article lists what types of expenses – and which guests -- are eligible for deduction and describes other limitations. 

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Make Sure Every Donation Counts — And Is Deductible

When donating cash and property to charity, the donor may secure a tax deduction if the charity is qualified with the IRS to receive tax-deductible donations and if the donor secures proper documentation from the charity. Here’s what donors need to know.

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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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