Blogs

Business and Financial Services

When the CEO Steps Away: Why Nonprofits Are Embracing Sabbaticals

Nonprofit boards are under increasing pressure to recruit, retain, and support strong executive leadership. That is no small task. Nonprofit executives are expected to manage staff, satisfy funders, support boards, maintain community relations, oversee budgets, comply with expanding legal obligations, and advance the organization’s mission—often with fewer resources than their for-profit counterparts. Against that backdrop,…

June 24, 2026

Business and Financial Services

AI Guardrails Meet Federal Contracting: What GSA’s Proposed AI Procurement Rules Mean for Government Contractors

Artificial intelligence is no longer an experimental feature in federal procurement. It is rapidly becoming essential digital infrastructure used to analyze data, support decision‑making, automate workflows, and power mission‑critical systems across civilian agencies (non-military federal agencies such as the DHS, HHS, and Treasury) to analyze data, support decision-making, and automate workflows. Against that backdrop, the…

May 26, 2026

Business and Financial Services

Section 875 of the FY2026 NDAA: What DoD Contractors Need to Know About Bid Protest Payment Withholding

Section 875 of the Fiscal Year 2026 National Defense Authorization Act creates a new payment-withholding risk for certain incumbent Department of Defense contractors that file GAO bid protests. The provision directs DoD to revise the DFARS to establish procedures allowing contracting officers to withhold up to five percent of payments owed to an incumbent contractor during a protest-related bridge…

May 21, 2026

Business and Financial Services

What is Worrying Our Nonprofit Clients – Part II: Funding and Economics

As part two of our series, it is perhaps a truism that the first answer would always be money. The need for consistent and appropriate resources to execute on mission is a constant drumbeat for nonprofits. What is new is the pace of change, rapid shifts in sources of funds, changes in demand for services,…

May 11, 2026

Business and Financial Services

Estate and Gift Tax Savings Strategies: Planning Opportunities for Preserving Wealth

Estate planning is not only about deciding who receives assets at death. For high-net-worth individuals, business owners, investors, and families with appreciating assets, a well-designed estate plan can also reduce estate tax, gift tax, generation-skipping transfer tax, income tax, and capital gains tax exposure. The right strategy depends on the size of the estate, the type of assets involved, family goals, charitable intent, liquidity needs, and applicable federal and state tax laws. In the…

May 6, 2026

Business and Financial Services

A Bombshell for Preemption Precedent- The Supreme Court’s Decision in Hencely v. Fluor and What It Means for Government Contractors

Facts of the Case On Wednesday, the Supreme Court released its opinion in Hencely v. Fluor– reversing the Fourth Circuit, which relied on the “battlefield” preemption rule to dismiss the individual’s tort claims against Fluor. An independent contractor of Fluor’s subcontractor carried out a suicide attack at Bagram Airfield in Afghanistan. The plaintiff, Hencely, intervened…

April 24, 2026

Business and Financial Services

512,000 Lines, One Night, Zero Permission: The Claude Code Leak and the Legal Crisis of AI Clean Rooms

On March 31, 2026, Anthropic, the company behind the Claude artificial intelligence system, accidentally published the entire source code of a product called Claude Code inside a routine software update. A missing line in a configuration file shipped 512,000 lines of proprietary code to the public. No hack. No breach. Human error. An important distinction:…

April 13, 2026

Business and Financial Services

The Hidden Traps of Restructuring from S-Corp to C-Corp for 1202 QSBS

When you restructure into a C corporation for qualified small business stock (QSBS) treatment but miss even one of Section 1202’s technical requirements, the IRS can deny the exclusion entirely—even if the business itself is an ideal candidate. The central risk in S-corp / LLC-to-C-corp planning is that the restructuring steps are easy to do…

March 27, 2026

Business and Financial Services

Not All Business Groups Are Alike: Understanding Chambers, BIDs, and Business Alliances in Virginia

Like other states, Virginia’s business landscape is supported by a network of organizations that often sound similar but may serve very different purposes. Chambers of commerce, business improvement districts (BIDs), and business alliances all work to strengthen the local and regional business environment, but they do so through distinct organizational structures, funding mechanisms, and missions.…

March 16, 2026

Business and Financial Services

Employee Ownership Gains Federal Momentum: What the DOL’s Latest Report Means for Business Owners

The U.S. Department of Labor recently released a report to Congress highlighting continued growth in employee ownership and outlining a new federal initiative aimed at expanding worker ownership opportunities. Business owners, private companies, and boards evaluating succession or liquidity strategies should take note. Federal agencies are not only tracking the expansion of employee ownership structures…

March 12, 2026