Why You Should Start Preparing Now for the Federal Mandate on Electronic Tax Payments & Refunds
Beginning September 30, 2025, a new executive order (EO 14247) requires nearly all federal payments, including tax refunds and federal tax deposits, to be processed electronically. This shift is significant for both individuals and businesses. At Pivot CPAs, we’re helping clients navigate this change smoothly so they can avoid delays, fees, and unnecessary disruptions. What’s Changing and Why It Matters Under the new mandate, the federal government will eliminate most paper check disbursements and receipts, [Read More]
A Guide to the One Big Beautiful Bill Act (OBBBA) for Entities
The One Big Beautiful Bill Act (OBBBA) introduces sweeping changes to the U.S. tax code, with major implications for high-net-worth individuals. Whether you're focused on preserving wealth, investing for growth, or planning your legacy, this guide breaks down the most important updates in plain English—so you can make informed decisions and stay ahead of the curve. The OBBBA is a large and complex tax bill, while we summarize some of the potential impacts this bill [Read More]
A Guide to the One Big Beautiful Bill Act (OBBBA) for Individuals
The One Big Beautiful Bill Act (OBBBA) introduces major tax changes that affect how businesses handle purchases, research expenses, investments, and international profits. Whether you run a corporation, a partnership, or an S-corporation, this guide will help you understand the biggest updates that will affect your business. The OBBBA is a large and complex tax bill, while we summarize some of the potential impacts this bill may have on your business, we are unable [Read More]
Sales Tax on Commercial Rentals Repealed Effective October 1st 2025
Effective October 1, 2025, the state sales tax imposed on rent or license fees for the use of real property (commercial rentals) under section 212.031, Florida Statutes (F.S.), is repealed. This means no state sales tax or discretionary sales surtax applies to rent or license fees for rental or occupancy periods beginning on or after October 1, 2025. Examples of commercial rentals subject to the repeal include rentals of commercial office or retail space, [Read More]
The Strategic Importance and Benefits of Audit Readiness for Nonprofit Organizations
Why Audit Readiness Matters for Nonprofits In the nonprofit sector, audit readiness has evolved from a basic compliance obligation into a strategic necessity that is foundational to strong governance and essential for maintaining stakeholder trust. Audit readiness enables organizations to provide clear, accurate, and timely financial information, which is vital for demonstrating transparency and accountability. Transparency ensures that stakeholders can see how resources are being managed and allocated, fostering confidence that contributions are used [Read More]
ERISA Record Retention
What Every Plan Sponsor Should Know Protecting Your Retirement Plan and Your Business Starts with Good Recordkeeping At Pivot CPAs, we work with many employers and plan sponsors across Northeast Florida and beyond to help them meet their fiduciary responsibilities under the Employment Retirement Income Security Act (ERISA). One area that often confuses and can carry real financial risk is record retention. If your company sponsors an employee retirement plan, you’re required to keep [Read More]
Pivot CPAs’ Sheryl Tschimpke Featured on Legacy of Leaders
Assurance Partner discusses firm growth, client service, and the future of accounting through AI integration Pivot CPAs is proud to share that Sheryl Tschimpke, Assurance Partner and head of the firm’s Assurance Department, was recently featured on Legacy of Leaders, an inspiring business-focused Web TV series hosted by Whitney Mincey. The show spotlights high-performing leaders from around the world, offering insights into their careers, leadership philosophies, and industry trends. During the episode, Sheryl shared [Read More]
Financial Insights for the Construction Industry: What Contractors Should Know in 2025
From volatile materials costs to increased demand for infrastructure and housing, 2025 is shaping up to be another high-pressure year for construction firms. Yet amid the complexity, one truth holds steady: contractors who understand their numbers—and how to use them—are better equipped to weather uncertainty, seize opportunities, and grow confidently. At Pivot CPAs, we’ve worked alongside contractors, developers, and construction managers across Northeast Florida and beyond for decades. Our team understands that construction accounting isn’t [Read More]
FASB Clarifies the Accounting for Share-Based Consideration Payable to a Customer Summary
In response to stakeholder concerns about diversity in current accounting practice for share-based payment awards granted to customers, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-04, Clarifications to Share-Based Consideration Payable to a Customer. The ASU clarifies the following about share-based consideration payable to a customer: Vesting conditions based on purchases by customers or their customers are performance conditions. The guidance in Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation, [Read More]
ERISA 2025 Requirements Calendar
ERISA 2025 Requirements Calendar Sponsors of defined benefit and defined contribution retirement plans should keep the following deadlines and other important dates in mind as they work toward ensuring compliance for their plans in 2025. Dates assume a calendar year plan. Some deadlines may not apply, or dates may shift based on the plan sponsor’s fiscal year. For additional support, please contact your Pivot CPAs representative. FEBRUARY 28 Action: File IRS Form 1096, Annual [Read More]