Blog
Colorado Launches New Tax Credit to Reward Stewardship on Farms & Ranches
In 2024, Colorado passed a landmark law aimed at rewarding farmers and ranchers who adopt practices that enhance soil health, conserve water, and promote ecosystem resilience. The Agricultural Stewardship Tax Credit (ASTC), created via HB24-1249, is designed to provide meaningful financial incentives for on-the-ground stewardship across the state. Below is
Run a Business With Your Spouse? You May Encounter Unique Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The Partnership Issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless you can avoid that treatment. Otherwise, you must file an
A Quiet Trust Has Its Benefits, But An Incentive Trust May Be a Better Option
When it comes to estate planning, one of the more nuanced tools available is a quiet trust (also known as a “silent” trust). Unlike a traditional trust, a quiet trust keeps beneficiaries — often children or young adults — in the dark about its existence or details until they reach a
Building a Better Nonprofit Budget
Does your nonprofit start its budget process from scratch each year or do you mostly make simple adjustments to the previous year’s budget? Either way, if your organization operates on a calendar-year basis, it’s probably time to start thinking about this annual chore. Issues such as reduced grant funding and
Outsourced Payroll, Accounting, Bookkeeping-Sharper with DWC EDGE
At DWC, we are committed to helping your business operate smarter. That is why we have enhanced our bookkeeping, accounting, and payroll services to a value-driven and technology-forward advantage. DWC EDGE provides our clients with a more practical and scalable outsourced accounting and finance solution, specifically designed for small to
The 2025–2026 “High-Low” Per Diem Business Travel Rates Are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for meals, hotels and incidentals. To make this process easier, consider using the “high-low” per diem method. Instead of tracking every receipt, your business can reimburse employees using
The Power of Catch-Up Retirement Account Contributions After 50
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to your tax-favored retirement account(s). And these contributions are more valuable than you may think. IRA Contribution Amounts For 2025, eligible taxpayers can make contributions to a traditional or Roth IRA
Is a Custodial Account Right For Your Family?
If you’re considering opening an investment account for your minor child or grandchild to help him or her save for the future, a custodial account can be a useful option. Indeed, for many families, a custodial account strikes the right balance between gifting assets to a child and maintaining oversight
Grant Proposals In The Age of AI
With fewer federal grants available to not-for-profit organizations, the competition to qualify for funding — from all sources, including foundations — has become more intense. Now, more than ever, your nonprofit needs to submit sharp, clear and attention-getting grant proposals to potential funders. Many organizations are enlisting AI tools to
New Rules Could Boost Your R&E Tax Savings in 2025
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses, reversing rules under the Tax Cuts and Jobs Act (TCJA) that required businesses to capitalize and amortize these