Tag: Business Tax

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

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

In May 2025, the U.S. Census Bureau reports there were nearly 447,000 new business applications. The bureau measures this by tracking the number of businesses applying for an Employer Identification

If you’re claiming deductions for business meals or vehicle expenses, be prepared for detailed inspection from the IRS. These deductions are often flagged for review, especially when documentation is lacking

The tax treatment of research and experimental (R&E) expenses is a critical issue for U.S. businesses, particularly small to midsize companies focused on innovation. Under current tax law, the ability

A new bill under consideration in Congress — informally called The One, Big, Beautiful Bill — could bring sweeping changes to key federal tax breaks for businesses. If passed, the

If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify,

The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA Basics

Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income

Staying compliant with payroll tax laws is crucial. Mistakes can lead to fines, strained employee relationships, and even legal consequences. Below are six essential tips to help you stay on