Payroll and Tax Implications of OBBBA 2025
Courtesy of Thomson Reuters (07/10/25)
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, enacting significant changes to […]
Divorcing Business Owner? Don’t Let Taxes Detail Your Settlement
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one of your largest […]
Lower Your Self-Employment Tax Bill by Switching to an S Corporation
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE […]
File Form 1099 Series Information Returns for Free Online
As appearing in IRS Tax Tip 2025-05
Business taxpayers can file electronically any Form 1099 series information returns for free with […]
Tax Benefits for Businesses that Accommodate People with Disabilities
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible to save money on their […]
Employers Must Certify Eligibility of New Hires to Claim the Work Opportunity Tax Credit
As appearing in IRS Tax Tip 2024-85
Employers who hire people from certain groups can reduce […]
A Tax Guide to Choosing the Right Business Entity
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business […]
OBBBA 2025 is a Game-Changer for Business Payment Reporting
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the […]
The QBI Deduction and What’s New in OBBBA 2025
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up […]
OBBBA Includes Favorable Change for Depreciating Eligible Assets
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and […]
