Home Equity and Investment Properties One of the benefits of owning a home is building equity in that property over time. Equity is the difference between what your home is currently worth and how much you owe on your...
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What are the Highlights of the OBBBA? Taxpayers who worried about the expiration of several tax cuts from the Tax Cuts and Jobs Act of 2017 can now breathe easier. The One Big Beautiful Bill Act made most of...
All in the Family: When Relatives Work in Your Business Family-run businesses are part of the backbone of the American economy. Whether you are starting out or running an established business, it’s natural to lean on relatives. You know...
How To Retire Gradually From Your Business Retiring from a business you founded isn’t like leaving a job. It’s a personal, financial and emotional process that takes time and coordination. Whether you want to sell, pass the business to...
A New $6,000 Tax Break for Seniors The One Big Beautiful Bill Act, signed in July, creates a special deduction for Americans age 65 and older. It provides a deduction worth up to $6,000 a year in tax years...
Beyond Social Security: Building a Stronger Retirement Plan Putting all your eggs in the Social Security basket is risky. A sturdier approach is to layer different sources of income. Max out your 401(k) or individual retirement account contributions if...
Employer Guidance: 2025 Overtime-Premium Reporting & IRS Relief As tax year 2025 marks a transition for the overtime premium deduction under the One Big Beautiful Bill Act (OBBBA), please be aware of the following updates and feel free to...
Don’t Get Trapped by Fraudulent Tax Schemes Since 2022, bad actors posing as “tax experts” have used social media to push fraudulent ways of claiming credits. Their posts encourage taxpayers to misuse legitimate credits, such as the Fuel Tax...
Bonus Depreciation Under the OBBBA Depreciation is the tax process of spreading the cost of an asset over the years it is expected to be useful. Bonus depreciation is different: It is a tax incentive that allows businesses to...
OBBBA and Pass-Through Entities Signed into law on July 4, the One Big Beautiful Bill Act significantly impacts how pass-through entities are taxed at the federal level. S corporations, partnerships, limited liability companies and sole proprietorships are the most...