Verity CPAs

🎳 Our Big Island team took a break from the numbers and deadlines for an End of Summer bowling outing! It was a great chance to unwind, enjoy some friendly competition, and spend time together outside the office.

Our Accounting Manager recently attended XeroCon Denver 2026 —a great opportunity to connect with fellow accounting professionals, explore the latest innovations in cloud accounting, and bring fresh ideas back to our team and clients. We’re excited to put these insights into action!

Most AI initiatives fail to gain funding because they start with the technology rather than the business case.

A successful AI strategy starts with a clear vision, a defined opportunity, measurable ROI, a realistic investment model, and a well-scoped first project. In this article, we break down a practical 5-step framework that helps organizations build a persuasive, financially defensible case for AI investment.

Read more: https://veritycpas.com/how-to-build-a-business-case-for-ai-a-5-step-framework/

🌺 Happy Hawaiʻi Statehood Day! 🌺

Today we recognize Hawaiʻi's unique history, culture, and the communities that make the islands such a special place to live and work.

At Verity CPAs, we're grateful to serve clients, businesses, and families across Hawaiʻi and beyond. Wishing everyone a wonderful Statehood Day filled with aloha and appreciation for all that makes Hawaiʻi home. 🌴

Every workforce decision has tax implications.

Hiring employees in new states, opening additional locations, relocating staff, or expanding operations can create opportunities for valuable tax credits and incentives while also triggering new compliance obligations.

This article explores key considerations around multistate payroll compliance, nexus exposure, remote work policies, workforce incentives, and proactive tax planning before major workforce decisions are made.

Learn more: https://veritycpas.com/how-workforce-decisions-drive-your-tax-strategy/

AI investment is accelerating, but many companies may be overlooking an important tax opportunity. If your AI spend supports qualified research activities, certain cloud computing, GPU, API, and other AI-related costs may be eligible for federal and state R&D tax credits.

The key is proper classification, documentation, and tying costs directly to qualified research activities. Learn what may qualify, how costs are treated, and the records needed to support a claim.

Read more: https://veritycpas.com/ai-spend-and-the-rd-credit-what-qualifies

AI investment is accelerating, but many companies may be overlooking an important tax opportunity. If your AI spend supports qualified research activities, certain cloud computing, GPU, API, and other AI-related costs may be eligible for federal and state R&D tax credits.

The key is proper classification, documentation, and tying costs directly to qualified research activities. Learn what may qualify, how costs are treated, and the records needed to support a claim.

Read more: https://veritycpas.com/ai-spend-and-the-rd-credit-what-qualifies-and-when/

🥳Your hard work, professionalism, and teamwork are what make our firm stronger year after year. Thank you for everything you do. Happy Work Anniversary!

The One Big Beautiful Bill Act (OBBBA) introduced significant tax changes that will affect how nonprofits fundraise, compensate leaders, and manage endowments.

Key updates include:
• A new charitable deduction for non-itemizers
• Reduced tax incentives for some major donors and corporations
• The new Education Freedom Tax Credit beginning in 2027
• Expanded excise tax exposure for executive compensation
• Higher endowment taxes for certain private colleges and universities

Understanding these changes now can help your organization plan more effectively for the future.

Read more: What Nonprofits Need to Know About the One Big Beautiful Bill Act’s Tax Impact

Many real estate investors assume rental losses will automatically reduce their tax bill. In reality, rental losses must pass through multiple tax limitations before they become deductible, and many are ultimately suspended under the passive activity rules.

Understanding basis limitations, at-risk rules, material participation requirements, and real estate professional status (REPS) can make a significant difference in how and when rental losses are used.

If you own rental properties or invest through partnerships, LLCs, or syndications, this is an important issue to review with your tax advisor.

Read more: https://veritycpas.com/when-a-rental-loss-isnt-a-tax-deduction-passive-activity-rules-and-the-real-estate-professional-exception/