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
Beginning in 2026, individuals in the highest federal income tax bracket will face a new cap on itemized deductions. If you expect to fall into the 37% bracket, you may want to take proactive steps… Read More »New 2026 Tax Law: Itemized Deductions Shrink for Top Bracket Earners