Tax Credits, Tax Planning

Act soon: The OBBBA ends clean energy tax breaks

Houses, solar panels, electric car, charging station, sun, clouds, hills.
August 6, 2025
H&B
0
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally introduced or expanded under the Inflation Reduction Act (IRA). Below is a summary of the key individual tax credits that will soon be scaled back […]
#CleanEnergy, #EnergyTaxCredits, #TaxCredits, #TaxPlanning
Find Out More
Tax Planning

The new law includes a game-changer for business payment reporting

Form, Nec,,nonemployee,compensation,,irs,tax,return,filing,document,close Up
August 4, 2025
H&B
0
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement.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 threshold for information reporting on certain business payments from $600 to $2,000. Beginning in 2027, the threshold amount will be adjusted for inflation. The current requirement: $600 threshold […]
#IRSUpdate, #OBBBA, #TaxPlanning
Find Out More
Tax Credits

Businesses can still choose to address sustainability

Businesswomen,holding,green,ball,globe,with,esg,icon,concepts,for
August 1, 2025
H&B
0
For many years, businesses of all shapes and sizes have at least considered sustainability when running their operations. Many people — including customers, investors, employees and job candidates — care about how a company impacts the environment. And reducing energy use, water consumption and waste generally lowers operational costs. However, the current “environment regarding the […]
#OBBBA, #SustainableBusiness, #TaxPlanning
Find Out More
Tax Planning

What you still need to know about the alternative minimum tax after the new law

ChatGPT said: Magnifying, glass, AMT, text, laptop, keyboard, red, handle, gold, rim, One, Big, Beautiful, Bill, Act, text.
July 30, 2025
H&B
0
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that the individual AMT system taxes certain types of income that are tax-free under the regular system. It also disallows some deductions that are allowed under the regular system. […]
#AlternativeMinimumTax, #AMT, #TaxPlanning
Find Out More
Business Planning & Consulting

The QBI deduction and what’s new in the One, Big, Beautiful Bill Act

Four, black, spotlights, shine, down, on, the, bold, blue, text, “QBI, deduction”, against, a, light, gray, background, emphasizing, its, importance.
July 28, 2025
H&B
0
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 to 20% of QBI, not to exceed 20% of taxable income. It can also be claimed for up to 20% of income from qualified real estate investment trust […]
#QBI, #QualifiedBusinessIncome, #Section199A
Find Out More
Technology

Developing a comprehensive AI strategy for your business

Close Up,of,a,robot's,hand,playing,chess
July 25, 2025
H&B
0
We’ve reached a point where artificial intelligence (AI) offers functionality and enhancements to most businesses. Yours may be able to use it to streamline operations, improve customer interactions or uncover growth opportunities. However, getting the max benefit calls for doing much more than jumping on the bandwagon. To make this technology truly work for your […]
#AIInBusiness, #BusinessStrategy, #DigitalTransformation
Find Out More
Tax Planning

The new law includes favorable changes for depreciating eligible assets

ChatGPT said: Silhouettes, of, three, interlocking, gears, and, a, dollar, sign, symbolizing, business, finance, and, operational, efficiency, with, a, warm, sunrise, or, sunset, in, the, background.
July 21, 2025
H&B
0
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating business assets. Here’s what you need to know. 100% bonus depreciation is back The new law permanently restores 100% first-year depreciation for eligible assets acquired […]
#BonusDepreciation, #Section179, #SmallBusinessTax
Find Out More
Business Planning & Consulting

How can your business set the stage for organic sales growth?

Spotlight,illuminates,futuristic,stage,with,podium.,blue,room,,round,cyan
July 18, 2025
H&B
0
For businesses looking to reach the next level of success, there’s no bigger star than organic sales growth. Simply defined, this is achieving an increase in revenue through existing operations rather than from mergers, acquisitions or other external investments. As you’ve likely noticed, coaxing this star into the spotlight isn’t easy. How can you set […]
#BusinessStrategy, #CustomerExperience, #OrganicSalesGrowth
Find Out More