AUGUST 2026
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

Previous Issue

 

Section 530A accounts, also known as ''Trump Accounts,'' offer a new tax-advantaged way to save for a child's future. Learn who qualifies, how contributions work, the tax benefits available and what happens when the child turns 18. A sidebar compares these accounts with Section 529 plans.


Access to capital can help businesses manage cash flow, invest in growth and respond to unexpected challenges. Understanding the differences between lines of credit, term loans, government loan programs, equipment leases and alternative funding sources can help businesses choose the financing solution that best supports their goals.


Advance payments generally must be included in taxable income when received. However, eligible accrual-basis businesses may be able to defer recognizing a portion of that income until the following tax year. Understanding the rules now could help uncover valuable tax-planning opportunities before year end.


Estate planning isn't just for married couples and families. This article explains how single individuals can use wills, powers of attorney and other planning strategies to help ensure their wishes are carried out.





Important Information: The information contained in this newsletter was not intended or written to be used and cannot be used for the purpose of (1) avoiding tax—related penalties prescribed by the Internal Revenue Code or (2) promoting or marketing any tax—related matter addressed herein.

The Tax and Business Alert is designed to provide accurate information regarding the subject matter covered. However, before completing any significant transactions based on the information contained herein, please contact us for advice on how the information applies in your specific situation. Tax and Business Alert is a trademark used herein under license. © Copyright 2026.