Tax Planning

Investing in qualified small business stock now offers expanded tax benefits

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August 27, 2025
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By purchasing stock in certain small businesses, you can diversify your investment portfolio. You also may enjoy preferential tax treatment, some of which is getting even better under the One Big Beautiful Bill Act (OBBBA) that was signed into law in July: Qualified small business (QSB) stock now offers more tax-saving opportunities. QSB defined A […]
#QSB, #QualifiedSmallBusiness, #TaxSaving
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Tax Planning

Divorcing as a business owner? Don’t let taxes derail your settlement

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August 25, 2025
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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 personal assets, and in many cases, part or all of it will be considered marital property. Understanding the tax rules that apply to asset division can help you […]
#DivorcePlanning, #TaxPlanning, #WealthManagement
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Succession Planning

How businesses can fund a buy-sell agreement

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August 22, 2025
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Businesses with more than one owner benefit from having multiple viewpoints and varying skill sets. However, they also face serious risks of uncertainty and conflict if one of the owners suddenly departs or undergoes a major life change. A carefully crafted buy-sell agreement can guard against these risks — if it’s securely funded. Transfer guidelines […]
#BusinessContinuity, #BuySellAgreement, #SuccessionPlanning
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Tax Planning

The next estimated tax payment deadline is coming up soon

It’s a calendar showing September 15 with the text “Estimated payment due date.
August 20, 2025
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If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill Act (OBBBA). The law, which was enacted on July 4, 2025, introduces new deductions, credits and tax provisions that could shift your income tax liability this year. Tax basics Federal estimated tax payments are designed to ensure […]
#EstimatedTaxes, #QuarterlyTaxes, #TaxPlanning
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Tax Planning

Lower your self-employment tax bill by switching to an S corporation

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August 18, 2025
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If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S corporation. SE tax basics Sole proprietorship income, as well as partnership income that flows through to partners (except certain limited partners), is subject […]
#BusinessPlanning, #SelfEmploymentTax, #TaxPlanning
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Tax Planning

No tax on car loan interest under the new law? Not exactly

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August 15, 2025
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Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject to some limitations, if you itemize deductions on your tax return. The One Big Beautiful Bill Act (OBBBA) adds another exception for eligible car loan […]
#CarLoanInterest, #OBBBA, #TaxUpdate2025
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Employee Benefit Plans

5 ways businesses can assess health care benefits spending

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August 13, 2025
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If your business sponsors health care benefits for its employees, you know the costs of doing so are hardly stable. And unfortunately, the numbers tend to rise much more often than they fall. According to global consultancy Mercer’s Survey on Health & Benefit Strategies for 2026, 51% of large organizations surveyed said they’re likely to make […]
#CostManagement, #EmployeeBenefitPlans, #HealthcareBenefits
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Business Planning & Consulting, Tax Planning

A tax guide to choosing the right business entity

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August 11, 2025
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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 is taxed, the level of administrative complexity and regulatory compliance obligations. While legal liability considerations also matter, we will focus on tax implications. For liability advice, consult a […]
#BusinessEntities, #ChooseTheRightEntity, #SmallBusinessSuccess
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Technology

Is your business ready for digital documents and e-signatures?

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August 8, 2025
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Whether signing a vendor agreement, approving a repair estimate or applying for a loan, chances are you’ve signed something digitally in recent months. In 2025, digital documents and e-signatures are no longer just a convenience — they’re fast becoming the standard. Businesses of all types and sizes are embracing digital workflows to improve efficiency, reduce […]
#BusinessTechnology, #DigitalTransformation, #ESignatures
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Tax Credits, Tax Planning

Act soon: The OBBBA ends clean energy tax breaks

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August 6, 2025
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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
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