tax
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1.…
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Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. So if you’re thinking about a merger…
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The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break is different from the first-year…
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If you are a parent, caregiver, or supporting loved ones at home, recent tax changes under the One Big Beautiful Bill Act (OBBBA) could mean greater savings come tax season.…
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New deduction for interest on certain personal car loans One of the lesser-known provisions of the One Big Beautiful Bill Act is a new deduction for certain vehicle loan interest.…
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The alternative minimum tax (AMT) resembles the regular federal tax system, but it has a different purpose. It’s intended to ensure that people with certain types of income still pay…
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Over a certain amount, payments made in the course of a trade or business must be reported to the payees and to the IRS, using a specific form. The recently…
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As the end of the year approaches, many people begin thinking about philanthropy. While planning your charitable giving, be sure to consider the potential impact of the One Big Beautiful…
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By Michael R. Ioffredo, CPA – Tax Manager, and Anh Bui – Tax Senior Section 1202 has long offered a powerful tax break for qualifying startup founders and investors by…
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By Andrew K. Venzke, CPA – Tax Supervisor, and Nick A. Kline – Tax Staff What Is the Senior Deduction? Beginning with the 2025 tax year and continuing through 2028,…
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