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Posts by Kevin Brady

Navigating the One Big Beautiful Bill: What Nonprofits Need to Know

The recently enacted One Big Beautiful Bill (OBBB) Act brings sweeping changes to the U.S. tax code, with both direct and indirect consequences for the nonprofit sector. While much of the media coverage has focused on higher education — particularly the...
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What the One Big Beautiful Bill Means for U.S. Manufacturers and Distributors

The new tax package — casually referred to as the “One Big Beautiful Bill” — includes powerful new and reinstated tax incentives aimed at bolstering domestic manufacturing and distribution. This legislation reverses several unfavorable changes in recent...
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New R&D Tax Credit Reporting Requirements On the Horizon

Businesses that capitalize on the popular Research and Development Tax Credit need to be aware of changes in reporting requirements for the 2024 tax year.
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How Does the New CECL Model Affect Your Financial Statements?

Non-public entities will need to adopt the new Current Expected Credit Loss (CECL) model starting with 2023 calendar year-end financial statements. What does this mean for your company and your financial statements?
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4 Key Insights From an Employee Benefit Plan Auditor

With employee benefit plan audit season not too far in the rearview mirror, it’s a good time to reflect on lessons learned. I’m sharing a few insights, from the point of view of an employee benefit plan auditor, for clients who are required to have their...
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Quick Guide: Maryland Defense Diversification Assistance Program

The Maryland Department of Commerce is helping defense contractors grow their businesses, increase profits and find new opportunities. The Maryland Defense Diversification Assistance (MDDA) program seeks to help defense contractors diversify into new...
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