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
Tax Planning

Significant business tax provisions in the One, Big, Beautiful Bill Act

Wooden, blocks, spelling, "TAX", with, finance, icons,, topped, by, a, hand, placing, a, "%", block,, alongside, text:, "One,, Big,, Beautiful, Bill, Act."
July 14, 2025
H&B
0
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Here’s a quick summary of some of the most important provisions. First-year bonus depreciation The OBBBA permanently restores the 100% first-year […]
#OBBBA2025, #TaxLawUpdate, #TaxPlanning2025
Find Out More
Tax Planning

Tap into the 20% rehabilitation tax credit for business space improvements

Provo,,utah,,usa,downtown,on,center,street,at,dusk.
July 7, 2025
H&B
0
If your business occupies a large space and you’re planning to relocate, expand or renovate in the future, consider the potential benefits of the rehabilitation tax credit. This could be particularly valuable if you’re interested in historic properties. The credit is equal to 20% of the qualified rehabilitation expenditures (QREs) for a qualified rehabilitated building […]
#HistoricPreservation, #QualifiedRehabilitation, #RehabilitationTaxCredit
Find Out More
401(k) Plans

Safe harbor 401(k)s offer businesses a simpler route to a retirement plan

Red,and,blue,road,sign,with,retirement,and, K,word,
July 2, 2025
H&B
0
When many small to midsize businesses are ready to sponsor a qualified retirement plan, they encounter a common obstacle: complex administrative requirements. As a business owner, you no doubt already have a lot on your plate. Do you really want to deal with, say, IRS-mandated testing that could cause considerable hassles and expense? Well, you […]
#RetirementPlanning, #SafeHarbor401k, #SmallBusinessTips
Find Out More