The One Big Beautiful Bill Act introduced a number of tax breaks for individuals and businesses that are effective for 2025. Most of the changes are … Read more about Adjusting Estimated Taxes for 2025? Important to Know
Green Energy Tax Breaks Are Ending Soon
Federal tax incentives for various green energy property investments are ending soon. The termination dates vary. This is just a reminder to take … Read more about Green Energy Tax Breaks Are Ending Soon
Tax Law’s Gross Receipts Tests: What They Are and What They Mean
The tax law has a number of favorable tax rules for small businesses, but the definition of what’s “small” varies considerably. In a number of … Read more about Tax Law’s Gross Receipts Tests: What They Are and What They Mean
Actions to Take Now Because of the New Tax Law
The One Big Beautiful Bill Act has many moving parts. While some changes are effective starting in 2025 others don’t take effect until 2026. … Read more about Actions to Take Now Because of the New Tax Law
How Much Can You Deduct for Buying Equipment and Building Certain Property?
The One Big Beautiful Bill Act (OBBBA) aims to spur business investments in the economy by allowing for greater tax breaks for acquisitions and … Read more about How Much Can You Deduct for Buying Equipment and Building Certain Property?
Your Tax on Business Profits under the One Big Beautiful Bill
This is another installment of the coverage of tax changes in the One Big Beautiful Bill affecting small businesses. The One Big Beautiful Bill Act of … Read more about Your Tax on Business Profits under the One Big Beautiful Bill
One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses
The One Big Beautiful Bill Act of 2025 (OBBBA)…all 887 pages…was passed by Congress on July 3, 2025, and signed by the President on July 4th. While … Read more about One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses
What Does the Latest IRS Data Book Tell Us?
The IRS released its Data Book for fiscal year 2024. It’s the 30th anniversary of these annual data books, and it tells us a lot about tax filings, … Read more about What Does the Latest IRS Data Book Tell Us?
Preview of Tax Changes this Year: Actions to Take Now
Alert: At the time of publication, the Senate was in the process of voting on its version of tax changes. On May 22, 2025, the House passed One Big … Read more about Preview of Tax Changes this Year: Actions to Take Now
Proposals for Better Tax Rules for Small Businesses
Congress is continually giving lip service to its desire to help small businesses, but rarely does something important taxwise in this regard. Much … Read more about Proposals for Better Tax Rules for Small Businesses
Don’t Take Tax Advice from…
Several years ago, I was at a restaurant and a party of four at the next table were discussing IRA rollovers. I couldn’t help but overhear their … Read more about Don’t Take Tax Advice from…
What to Know About Audit Risk in 2025
Now that we’re at the height of the tax season, audits come to mind. Small businesses and owners who are audited may face time, considerable expense, … Read more about What to Know About Audit Risk in 2025
Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
Supplement to J.K. Lasser’s Small Business Taxes 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s Small Business Taxes 2025, covers the tax rules as they … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2025
Past Presidential Tax Policies: A Look Back
We’re in the midst of wrangling about tax laws from a new Administration and a new Congress. What the tax rules will ultimately turn out to be is … Read more about Past Presidential Tax Policies: A Look Back
