The landscape for tipped workers and their employers is changing dramatically with the passage of the One Big Beautiful Bill Act (OBBBA). This sweeping legislation introduces a new, temporary deduction for tips, expands employer credits, and tightens compliance requirements—making it essential for both individuals and businesses to understand the new rules. A Groundbreaking Deduction for […]

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, brings significant and permanent changes to the rules governing the qualified business income (QBI) deduction under section 199A of the Internal Revenue Code. The QBI deduction, originally introduced by the Tax Cuts and Jobs Act (TCJA) of 2017, allowed eligible taxpayers to deduct up to […]

Running a successful business calls for constantly balancing the revenue you have coming in with the money you must pay out to remain operational and grow. Regarding that second part, careful accounts payable (AP) management is critical to strengthening your company’s financial position. Proper AP management enables you to maintain strong relationships with vendors, suppliers […]

The recently enacted One Big Beautiful Bill Act (OBBBA) brings significant and favorable changes to the tax treatment of research and development (R&D) expenditures for U.S. businesses. These updates are designed to encourage innovation, support domestic investment, and simplify compliance for taxpayers engaged in R&D activities. Below, we outline the key changes, their impact on […]

Recent tax legislation, known as the One Big Beautiful Bill Act (OBBBA), has introduced important adjustments to the federal limitation on state and local tax (SALT) deductions—commonly referred to as the SALT cap—beginning with the 2025 tax year. Combined with the ongoing availability of Pass-Through Entity Tax (PTET) regimes, these changes create fresh opportunities for […]

The One Big Beautiful Bill Act (OBBBA), signed into law in 2025, brings significant changes to the federal tax rules, including how state and local taxes (SALT) are deducted by both individuals and businesses. If you own or operate a business, understanding these changes is important for your tax planning and bottom line. This article […]

For many small and midsize businesses, setting up a qualified retirement plan can be challenging due to complicated administrative rules. As a busy business owner, you may not want to deal with IRS-required testing that can bring added stress, time, and expense. If that’s the only thing holding you back, consider a safe harbor 401(k) […]

The recently enacted One Big Beautiful Bill Act (OBBBA) brings a welcome change for seniors when it comes to their taxes. Beginning with the 2025 tax year, individuals age 65 and older will be able to take advantage of a new, additional deduction designed to provide extra tax relief. How Much Is the Deduction and […]

The recently enacted One Big Beautiful Bill Act (OBBBA) delivers major upgrades to business tax incentives, particularly in the areas of bonus depreciation and Section 179 expensing. These changes are designed to encourage investment in business property by making it easier and more beneficial for businesses to immediately deduct the cost of qualifying assets. Here’s […]

The “One Big Beautiful Bill Act” (OBBB) represents the most sweeping set of tax reforms since the Tax Cuts and Jobs Act (TCJA) of 2017. The OBBB extends, enhances, and in some cases fundamentally restructures a wide range of tax provisions affecting both individuals and businesses. Below, we break down the most significant changes and […]