
The 2025 Guide to Small Business Tax Deductions You Can’t Afford to Miss
2025 Taxes, Financial Planning, Small Business, Tax Credits, Tax PlanningWhen it comes to running a successful small business, every dollar counts. Yet every year, many owners miss out on valuable tax deductions — and with them, the chance to strengthen their cash flow and reinvest in growth.
In 2025, smarter…

Tax Break for Businesses: 100% Bonus Depreciation is Back Plus New Expensing of Qualified Production Property
Business, Tax CreditsThe 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…

Understanding the New Deduction for Overtime Under the OBBBA: A Comprehensive Guide
Tax Credits, Tax News, TaxesThe 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…

Understanding the New Above-the-Line Tax Deduction for Qualified Tips
Tax Credits, Tax Reform, Tax TipsArticle 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…

Congress Is About to Terminate Environmental Tax Credits. Taxpayers Need to Act Quickly to Qualify
Congress, Tax CreditsArticle 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…

Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations
Tax Credits, Tax News, Tax Planning, Tax Reform, Tax Tips, TaxesArticle Highlights:
Annual Filing Requirements
Understanding Which Form to File
Due Dates and Extensions
Online Filing Options
Consequences of Late Filing or Non-Filing
Monetary Penalties for Filing Non-Compliance
Other…

Fore! When Golfers Miss the Fairway on Taxes
Tax Credits, Tax NewsAs Rory McIlroy celebrates his historic 2025 Masters victory, joining an elite group of golfers – including Tiger Woods and Jack Nicklaus – who've completed the career Grand Slam, the spotlight on professional golf has never been brighter.…

Federal EV Tax Credits: Should They Stay or Go?
Electric Vehicles, News, Tax Credits, Tax Reform, Tax TipsThe debate over federal tax credits for electric vehicles (EVs) is as electrified as the cars themselves. These credits, designed to incentivize the adoption of EVs, have sparked contrasting opinions about their effectiveness, fairness, and…

Essential Tax Credits Every Parent Should Know About
2024 Taxes, Tax Credits, Tax PlanningArticle Highlights:
Social Security Number
Child Tax Credit
Child and Dependent Care Credit
Adoption Tax Credit
Earned Income Tax Credit
Credit for Other Dependents
American Opportunity Tax Credit
Lifetime Learning…

Unlocking Cash Flow from Tax Credits: A Hidden Advantage for Small Businesses
Small Business, Tax CreditsIf you’re the driving force behind a small or medium-sized business, you know that cash flow is the lifeline of your operations. Yet, in the daily whirlwind, an incredible opportunity often gets overlooked—tax credits. These aren’t just…