The 2025 Guide to Small Business Tax Deductions You Can’t Afford to Miss

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When 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

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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…

Understanding the New Deduction for Overtime Under the OBBBA: A Comprehensive Guide

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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…

Understanding the New Above-the-Line Tax Deduction for Qualified Tips

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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…

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

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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…

Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations 

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Article 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

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As 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?

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The 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

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Article 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

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If 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…