Treasury and the IRS have published proposed regulations under sections 951 and 951A of the Internal Revenue Code addressing how a U.S. shareholder determines its pro rata share of a controlled foreign corporation’s (CFC’s) subpart F income, tested income, or tested loss following changes enacted by the One Big Beautiful Bill Act (OBBBA).

Basic bookkeeping is essential to a sound financial foundation. It keeps transactions organized, accounts reconciled, invoices tracked and reports current. But as a business grows, owners often need more than a record of what happened. They need financial information that helps them evaluate cash needs, profitability, risk, hiring, financing, and future growth.

The IRS has released initial Trump accounts IRS guidance outlining how the new savings accounts for U.S. children will work. Learn the rules for eligibility, contributions, investments, and employer participation.

BELLINGHAM, Wash., October 1, 2026 — VSH CPAs has announced that Madison Price Zender, CPA, MPAcc, will be promoted from Principal to Partner, effective January 2027. The promotion recognizes Price Zender’s leadership within the firm and her continued contributions to VSH’s clients and community.

Financial warning signs are easier to address when you identify them before they become larger problems. Warning signs develop gradually in cash flow, margins, customer payments, borrowing, and financial reporting. Recognizing these patterns early gives business owners more time to adjust pricing, strengthen collections, control costs, improve processes, or revise forecasts before a manageable issue becomes a serious concern.

For profitable business owners, an S corporation can create an opportunity to balance compensation, tax efficiency, and reinvestment in the company. However, owners who perform services for the business generally cannot simply take all earnings as distributions. They must first receive reasonable compensation through payroll. Determining that amount requires more than choosing a convenient percentage of profits.