If your business employs workers or pays independent contractors, annual information reporting is a critical compliance responsibility. The One Big Beautiful Bill Act (OBBBA) introduces notable changes to these rules — but most of them won’t affectRead More »Navigating New Reporting Obligations for Tips and Overtime in 2026
Businesses can generally deduct interest paid or accrued for federal tax purposes, but limits apply. Starting in 2025, changes under the One Big Beautiful Bill Act (OBBBA) will allow larger deductions for many taxpayers. UnderstandingRead More »OBBBA Act: Bigger Tax Breaks on Business Interest
The One Big Beautiful Bill Act (OBBBA) introduces a powerful new tax incentive for manufacturers and similar businesses. Under this legislation, companies can claim 100% first-year depreciation on nonresidential real estate classified as Qualified Production Property (QPP)—a significantRead More »New Tax Break for Factory Owners: QPP Explained
As 2025 winds down, now is the ideal time to assess your business expenses for potential tax deductions. Accelerating deductible costs into this year can reduce your 2025 tax liability—and in some cases, lead toRead More »Year-End Business Expense Review: What’s Still Deductible in 2025?
If you typically pay more than $10,000 in state and local taxes (SALT), the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal tax bill. But to take full advantage, you’ll needRead More »New $40,000 SALT Deduction Limit: What High Earners Need to Know
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, brings both opportunities and deadlines for businesses investing in clean energy. While the legislation extends or enhances several tax benefits, it also acceleratesRead More »Act Now: Clean Energy Tax Breaks for Businesses Are Ending Sooner Than Expected
A New Tax Break for Seniors: The OBBBA Senior Deduction Beginning in 2025 and lasting through 2028, individuals age 65 and older can claim a new “senior deduction” of up to $6,000 under the One Big Beautiful BillRead More »OBBBA 2025–2028 Tax Savings