New Law Eases Business Interest Expense Limits
Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now, some changes under the One Big ...
Reduce Your 2025 Tax Bill with Year-End Planning
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most ...
Four Year-End Planning Steps to Trim Your 2025 Taxes
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year ...
What Do the 2026 Cost-of-Living Adjustment Figures Mean for You?
The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act (OBBBA) makes permanent ...
Review Your Business Expenses Before Year-End
As 2025 comes to a close, it’s a good time to review your business expenses and identify which costs qualify as deductible. Accelerating deductible ...
New Rules Could Boost Your R&E Tax Savings In 2025
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ...
Employer Requirements Under OBBBA
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces new federal income tax deductions for eligible employee overtime ...
Educators Can Deduct Costs With Expanded Benefits On The Horizon
With a new school year beginning, not only are parents buying new school supplies, but teachers are as well. As teachers prepare their classrooms, ...
Alternative Minimum Tax: What You Still Need to Know
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The ...