Tag: Business Tax

For federal tax purposes, interest paid or accrued by a business is generally deductible. However, some limitations apply. Under the newly enacted One Big Beautiful Bill Act (OBBBA), new changes

Even if your business works on year-round tax planning, there are still steps you can take in the last month of the year to reduce your 2025 taxes. Here are

The tax consequences of selling your business or acquiring another company can have a major impact on the transaction’s success or failure. You must consider the potential tax implications if

This year, the One Big Beautiful Bill Act (OBBBA) introduced an important tax break for certain nonresidential real estate that can be classified as qualified production property (QPP): it now

During the holiday season, a great way to show appreciation for customers and employees is through business gifts. And, as an added bonus to your business, the gifts you give

Timing your income and deductible expenses to your advantage is easier if you can project your business’ income for this year and the next. And, unless you expect to be

As year-end approaches, it’s important to review your business’ expenses for deductibility. If you accelerate deducting expenses into this year, you could reduce 2025 taxes and possibly provide permanent tax

Typically, commercial real estate is depreciated over 39 years. However, certain real estate improvements, such as qualified improvement property (QIP), may qualify for accelerated depreciation and can be immediately fully

When the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, it included many changes. Some of these changes include extensions and enhancements on tax

Managing reimbursements and accompanying receipts for meals, hotel, and incidents for employees who travel can be frustrating and stressful. The “high-low” per diem business travel method could make this process