The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its permanent…
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The recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers. Among these changes, the introduction…
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So you built something real.
A business. A legacy. A family-run thing that’s weathered recessions, pandemics, and probably more sleepless nights than you care to count.
Maybe it’s a restaurant. A dental practice. A small farm.
Maybe it’s…
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For years, the myth persisted: Estate planning is only for the ultra-wealthy. But if you're Gen X, a Boomer, or even one of the older Millennials, it's time to rethink that mindset. A lot has changed. And waiting until it's urgent could leave…
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Article Highlights:
Prior Law on Tip Reporting and Employer Requirements
Introduction of the Above-the-Line Deduction for Qualified Tips
Above-the-Line Deductions
Qualified Tips Definition
Tips in Business Operations
When…
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August 2025 Individual Due Dates
August 11 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than…
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Article Highlights:
Choosing the Right Business Entity
General Overview of Common Business Structures
Sole Proprietorships
Partnerships
Limited Liability Companies (LLCs)
C Corporations
S Corporations
Choosing the…
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Here’s something the IRS doesn’t advertise:
Success gets expensive fast, especially when there are two high earners under one roof.
You both worked hard. You both climbed your career ladders. And now you’re living in that post-promotion,…
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Article Highlights:
The One, Big, Beautiful Bill
Previously Owned Clean Vehicle Credit
New Clean Vehicle Credit
Energy Efficient Home Improvement Credit
Residential Clean Energy Credit
The legislative landscape of environmental…
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Article Highlights:
Permanent Extension of the Increased Standard Deduction and Changes to Tax Rates
Senior Bonus Deduction
Adjustment to the Qualified Business Income Deduction (QBI)
Estate and Gift Tax Exemption Enhancements
…
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Tax Break for Businesses: 100% Bonus Depreciation is Back Plus New Expensing of Qualified Production Property
Business, Tax CreditsUnderstanding the New Deduction for Overtime Under the OBBBA: A Comprehensive Guide
Tax Credits, Tax News, TaxesHow to Keep Your Business in the Family – Tax Traps and Solutions
Business, Small Business, Succession PlanningEstate Planning Is No Longer Optional—Even If You’re Not a Millionaire
Estate PlanningUnderstanding the New Above-the-Line Tax Deduction for Qualified Tips
Tax Credits, Tax Reform, Tax TipsImportant August 2025 Due Dates
2025 Due Dates, 2025 TaxesHow to Choose the Perfect Business Entity for Your Venture
Business, Business Development, Small BusinessMarried, Successful, and Overpaying? Tax Planning Strategies for High-Income Dual-Income Households
2025 Taxes, Financial PlanningCongress Is About to Terminate Environmental Tax Credits. Taxpayers Need to Act Quickly to Qualify
Congress, Tax CreditsUnderstanding the Proposed Tax Legislation: A Cautionary Approach to Tax Planning
Tax Planning, Tax Reform