If your business has employees or works with independent contractors, you’re required to meet annual federal information reporting obligations. While the One Big Beautiful Bill Act (OBBBA) introduces notable changes to these rules, most won’t apply until… Read More »What Businesses Need to Know About 2026 Information Reporting Rules
Businesses can generally deduct interest they pay or accrue, but federal tax rules limit how much can be claimed each year. Recent changes under the One Big Beautiful Bill Act (OBBBA) will allow many companies to take larger… Read More »Business Interest Deduction Limits Eased Under New OBBBA Tax Law
As the year comes to a close, now is the perfect time to review your business expenses and determine which costs are deductible. Accelerating deductible expenses into this year can help reduce your 2025 tax bill —… Read More »2025 Tax Strategy: Reviewing Business Expenses Under OBBBA and TCJA
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, extends and enhances several tax incentives for businesses. However, the legislation also accelerates the expiration of key clean energy tax breaks, making it crucial for companies… Read More »Upcoming Changes to Business Clean Energy Tax Incentives Under the OBBBA
Overview of the 2025 Senior Deduction Under the One Big Beautiful Bill Act (OBBBA), individuals aged 65 or older can claim a new senior deduction of up to $6,000 from 2025 to 2028. However, an… Read More »Maximize Your 2025 Senior Tax Deduction: Eligibility & Strategies