Bake’s Takes Volume 1, Issue 3

Aprio Insights on the Tax Alert: 2026 Opportunity Zone Tax Deadline – Deferred Gains Recognition Planning. Read the article.

A federal appeals court just rewrote the self-employment tax rules for limited partnerships — and if your business operates in Texas, Louisiana, or Mississippi, the change applies to you now. The Fifth Circuit’s landmark decision in K Alain, L.L.L.P. v. Commissioner replaced two competing legal standards with a brand-new test: does the partner play a significant role in managing or running the business? The answer could mean tens of thousands of dollars in SE tax savings — or an unexpected IRS bill.

This article will explain the ways a rental real estate loss can be limited, the differences between a passive and nonpassive activity, the tests to determine material participation, and real estate professional status.

Trillions of dollars in real estate assets are set to change hands as baby boomers pass wealth to the next generation, and how that transition is handled will determine whether families thrive or struggle. Whether you own a single investment property or a complex real estate portfolio, understanding your options for ownership structure, tax planning, and succession is not just smart, it’s essential. This article breaks down the strategies every real estate owner should have on their radar.

A lower tax rate feels like a win — but it may only be telling half the story. New research reveals that cost recovery provisions, system complexity, and investment incentives often drive more value than the rate alone. Is your tax strategy built around the full picture?

Dental practice owners are working harder than ever, yet many are finding it increasingly difficult to predict where their finances will land at the end of the month. The culprit is not a lack of patients or revenue — it is the gap between what the numbers show and what they actually mean. From escalating overhead to operational inefficiencies hiding in plain sight, the forces quietly undermining profitability deserve a closer look. This article breaks down what is really happening inside dental practices today and what it takes to build a financial foundation that can keep pace with growth.

Growth is the goal for every construction contractor, but scaling a business means more than winning bigger projects. As companies move through each stage of development, the financial complexity grows right along with the revenue. Without the right accounting infrastructure in place, that growth can quickly become a liability. Outsourced accounting offers construction companies a smarter path forward, delivering clear visibility into project performance, tighter financial controls, and the strategic insight needed to grow with confidence.

Discover how a comprehensive exit plan helps business owners preserve wealth, minimize taxes, and protect the legacy they’ve built — on their own terms.

Insights on the Beyond the 1031: Three Gain Deferral Strategies Every Real Estate Investor Should Know.

Improve your business cash flow without the need to raise prices. Here are practical strategies in managing your accounts receivable, accounts payable, working capital, cost reduction, and cash flow forecasting in the Canadian business climate.