Opportunity Zones 2.0: The Complete Guide to Enhanced Benefits Under the One Big Beautiful Bill Act
Jessica I. Marschall, CPA October 4th, 2025 How permanent status, rural incentives, and rolling deferrals reshape the QOZ landscape Executive Summary The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, fundamentally transforms the Qualified Opportunity Zone (QOZ) program. No longer facing a 2026 sunset, the program now offers permanent tax […]
Read MoreThe C Corp Conversion Rush: How Section 351 Tax-Free Transfers and Enhanced QSBS Benefits Are Driving Business Entity Transformations
Why business owners are restructuring now to capture up to $15 million in tax-free gainsJessica I. Marschall, CPA – October 2, 2025 Part I: Why the Rush to C Corporation Status? The QSBS Advantage Under OBBBA The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, dramatically reshaped the landscape for Qualified Small […]
Read MoreIgniting the Future of Accounting: VSCPA’s Annual Conference and the Path for Aspiring CPAs
Jessica I. Marschall, CPA, September 30th, 2025 Each fall, Virginia’s accounting community converges for an event that both celebrates the profession and charts its future. This year’s 55th Annual Virginia Accounting & Auditing Conference, held at the Hotel Roanoke & Conference Center in Roanoke, offers practitioners and students alike a unique window into emerging trends […]
Read MoreHigher Education Under the Big Beautiful Bill: A New Era for Student Borrowing, Repayment, and Graduate Programs
By Jessica I. Marschall, CPA – July 11, 2025 The One Big Beautiful Bill Act, signed into law this month, represents the most sweeping overhaul of federal student aid policy in decades. While framed by lawmakers as a fiscal realignment and effort to promote accountability, the bill marks a decisive shift in how students (especially […]
Read MoreSenate Republicans Advance Tax Bill That Prioritizes the Wealthy Over the Environment and the Vulnerable
By Jessica I. Marschall, CPA, ISA AMJune 17, 2025 Senate Republicans have introduced their version of the 2025 tax legislation, dubbed the “One Big Beautiful Bill,” which mirrors the House’s intent to make the 2017 Trump tax cuts permanent—but with deeper cuts to Medicaid, reduced support for renewable energy, and a more austere approach to […]
Read MoreBuilding Middle-Class Wealth Through Strategic Ownership, Tax Planning, and Sound Investment Principles
Jessica I. Marschall, CPA, ISA AM President: MAS LLC, Probity Appraisal Group, and The Green Mission Inc. April 23rd, 2025 While the most straightforward path to wealth is through inheritance—particularly in the form of appreciating real estate or investment income—not everyone has the advantage of generational financial support. For those without a billionaire relative, or […]
Read MoreBrand Valuation: Measurement of Value Indicators
Jessica I. Marschall, CPA, MAS LLC March 15th, 2025 Valuing a brand is a complex process that business valuators approach with both qualitative and quantitative tools. The value of a brand is typically captured as an intangible asset and can be appraised independently or as part of a broader business valuation under a fair market […]
Read MoreForeign Earned Income Exclusion (FEIE) vs. Foreign Tax Credit (FTC)
Jessica I. Marschall, CPA, ISA AM March 19th, 2025 U.S. citizens and resident aliens who earn income abroad may be able to exclude foreign income or claim foreign tax credits to reduce double taxation. The Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC) serve different purposes and can sometimes be strategically used […]
Read MoreWhen the IRS Reclassifies Your Business as a Hobby: The Costly Consequences of Retroactive Tax Adjustments
By Jessica I. Marschall, CPA, ISA AM March 16th, 2025 The distinction between a business and a hobby under IRS rules can have profound financial implications. Many taxpayers assume that if they operate an activity with revenue, they qualify as a business. However, the IRS has the authority to retroactively reclassify an activity as a […]
Read MoreUnderstanding the Distribution of the U.S. Tax Burden: Federal Income Taxes vs. Payroll Taxes
Jessica I. Marschall, CPA March 12th, 2025 One of the most widely cited statistics in tax policy debates is that a relatively small percentage of high-income earners pay the vast majority of federal income taxes. While this is true, it is essential to recognize that the federal income tax system is highly progressive, meaning that […]
Read More
