ProfitSense

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Message History

Key International Tax Changes Under the One Big Beautiful Bill Act35 days ago

Effective for tax years beginning after December 31, 2025.

The One Big Beautiful Bill Act (OBBA) introduces several meaningful changes to U.S. international tax rules that will a...

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What Nonprofits Need to Know about Fundraising Events and Compliance2 months ago

Not-for-profit (NFP) organizations are entities that choose to reinvest excess funds directly into their missions rather than distributing them to owners and members, ensuring that...

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What Contractors Need to Know About Revenue Recognition2 months ago

Businesses across all industries are under an obligation to follow generally accepted accounting principles (GAAP) when it comes to handling their finances—and this remains true when choosing a...

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2026 Tax Inflation Adjustments: What You Need to Know2 months ago

Each year, the Internal Revenue Service (IRS) updates certain tax provisions to account for inflation — and this year is no different.

However, the 2026 tax year is seeing some additional adj...

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Is the IRS Ending Direct File in 2025?2 months ago

Preparing and filing your own taxes can be a hassle, especially when you end up having to pay for complicated tax preparation software and filing services.

What many taxpayers don't realize, however, is tha...

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