Many businesses assume the federal research and development (R&D) tax credit is only for high-tech or scientific companies. In reality a wide range of organ...
Optimizing R&D Deductions under the OBBBA
Oct 30, 2025Among the hundreds of provisions in the One Big Beautiful Bill Act (OBBBA) are changes related to research and development (R&D) expenses. These changes ena...
A New Savings Option Will Soon Be Available for Families
Oct 27, 2025Starting in 2026, Trump Accounts will provide another tax-favored way to save for a child’s future. Introduced under the One Big Beautiful Bill Act (OBBBA...
Why You May Want to Rethink Your Deduction Strategy in 2025
Oct 21, 2025As we approach the end of 2025, it’s time to evaluate your year-end tax planning strategies. One important decision is whether you’ll claim the stan...
Employers: Avoid Tax Surprises When Making Holiday Gifts to Employees
Oct 14, 2025As the year draws to a close, many businesses look for ways to recognize and thank their employees. From gift cards to holiday treats to service awards, the opt...
Accountable Plans: Reimburse Employees the Tax-Smart Way
Oct 13, 2025In many types of businesses, it’s common for employees to spend money on behalf of the company — such as for travel, client meals or supplies. How those...
New Auto Loan Interest Deduction: Limited Opportunity for 2025–2028
Oct 09, 2025For tax years 2025 through 2028, there’s a new tax break that could save you money if you finance a new vehicle for personal use. You can deduct up to $10,000...
Larger QBI Deductions Will Soon Be Available to Many Manufacturers
Oct 07, 2025In a 2024 National Association of Manufacturers (NAM) survey, 93% of respondents who operate as pass-through entities stated that the impending expiration of th...
How the QSB Stock Sale Rules Have Become More Favorable
Oct 01, 2025Qualified small business (QSB) stock has received very favorable federal income tax treatment for many years. Starting in 2025, the One Big Beautiful Bill Act (...
Practical Examples of QSB Gain Exclusion Post-OBBBA
Oct 01, 2025Qualified small business (QSB) stock offers valuable tax-saving opportunities, especially with the enhanced gain exclusion limits under the One Big Beautiful Bi...