Act Now – Clean Energy Tax Breaks Ended By The OBBBA
The newly enacted One Big Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally
Find What Your Looking For
Category: Tax
A Game-Changer For Business Payment Reporting Included In The OBBBA
While there were no changes to 1099 filing requirements for 2025, the One Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments
Changes To The Alternative Minimum Tax In The OBBBA
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that the individual AMT
The Qualified Business Income Deduction – What To Expect With The One Big Beautiful Bill Act
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% of
The Tax Impact Of The New Law On Families
The One Big Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of the provisions aim to provide financial relief, the
Favorable Changes For Depreciating Eligible Assets In New Law
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating
How Could The New Tax Law Affect You?
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July
A Summary Of The One, Big, Beautiful Bill Act’s Business Tax Provisions
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and
Spousal IRAs Are A Smart Retirement Strategy For Couples
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can
If You’re Thinking About Business Space Improvements, The 20% Rehabilitation Tax Credit Could Apply
If your business occupies a large space and you’re planning to relocate, expand, or renovate in the future, consider the potential benefits of the rehabilitation tax credit. This could be