OBBBA – 10 Business Taxpayer FAQs
Business owners from LLCs to S Corps, C Corps, and partnerships need to understand how the One Big, Beautiful Bill Act (OBBBA) affects deductions, tax credits, and entity selection. This …
OBBBA – Bonus Depreciation Is Back
As of July 4, 2025, the “One, Big, Beautiful Bill Act” (OBBBA) was signed into law, reviving the 100 percent bonus depreciation for qualifying property acquired and placed in service after …
Business Income-Related Red Flags
What Could Trigger an IRS Letter (Even If You’re Doing Everything Right) Nobody wants to hear from the IRS—especially not when you’re running a business and juggling a million other …
Q2 Accounting and Bookkeeping Checklist: Essential Steps for Growing Businesses
As the year’s second quarter unfolds, you may experience shifts in cash flow, sales trends, and operational needs. Now is a critical time to reassess financial health and make strategic …
BOI Reporting Requirements & Filing Deadlines
We have received several client inquiries recently regarding the new Beneficial Ownership Information (BOI) reporting requirements established by the U.S. Department of Treasury under The Corporate Transparency Act (“CTA”). The CTA …
Section 179 Deduction: Tax Incentive
Section 179 of the U.S. tax code offers a tax incentive to small and medium-sized businesses by allowing them to take a full deduction on tangible assets in the year …