elliott davis insights

How tariffs can trigger surprise tax bills for manufacturers and distributors

New tariffs on imports could raise costs and taxes for manufacturers and distributors, depending on how tariffs are reported in financials and tax filings.

U.S. regulators prioritize vendor management in 2025

Vendor management is a top regulatory focus in 2025, with examiners closely reviewing how banks assess, monitor, and manage third-party relationships.

Six strategies to optimize your business tax planning this year

Many small business owners are seeking the right tax strategies to reduce liabilities and improve cash flow. Here are six smart tax strategies that can help corporations and partnerships lower their tax burden and work toward long-term financial stability.

Tax Thursday in Three: March 20, 2025

Getting Results with Extreme Commitment

How committed are you to the results you want? In this episode, Drs. Drew Brannon and Cory Shaffer break down the direct link between commitment and outcomes, using Navy Special Operators as a prime example of extreme dedication.

Overlooked estate planning moves: How the Generation-Skipping Transfer Tax helps protect generational wealth

As wealth transfers across generations, many families are facing estate planning challenges they never anticipated. We explore how the largest intergenerational wealth transfer in history is reshaping estate planning strategies.

How to use a donor-advised fund (DAF) for strategic giving and tax efficiency

High-net-worth individuals turn to DAFs for immediate tax benefits and tax-free investment growth. Explore whether they fit your charitable giving strategy.

Preparing for increased fair lending compliance scrutiny

Discover compliance risks, common pitfalls, and proactive strategies to help financial institutions strengthen fair lending practices and stay ahead of regulatory expectations.

Three Keys to Keeping Composure

Have you ever lost your cool when the pressure was on? In this episode, Drs. Drew Brannon and Cory Shaffer reveal Three Truths About Composure, the key to staying calm, focused, and in control when it matters most.

Overlooked estate planning moves: A look at revocable trusts & personal residence exclusion

A well-structured estate plan helps transfer wealth efficiently while reducing tax burdens and legal complications for heirs. Explore common misconceptions, overlooked tax liabilities, and strategic steps you can take to help keep your estate plan on track.

Changes to the R&D Tax Credit Form 6765

Businesses that claim a research and development (R&D) tax credit must file Form 6765, Credit for Increasing Research Activities. The IRS has introduced significant changes to Form 6765 to take effect in the 2024 filing season.

Solving sales tax complexities for a growing real estate company

Real estate companies are particularly exposed to financial fraud due to their complex financial structures and decentralized banking operations. Implementing a financial automation platform to automate your accounts payable process helps safeguard financial transactions.