Tax Planning

The new law includes favorable changes for depreciating eligible assets

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July 21, 2025
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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
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Business Planning & Consulting

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

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July 18, 2025
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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
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Tax Planning

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

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July 14, 2025
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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
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Tax Planning

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

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July 7, 2025
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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
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401(k) Plans

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

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July 2, 2025
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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
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401(k) Plans, Software

Handle with care: Upgrading your company’s accounting software

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June 27, 2025
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What’s the most important type of software for your business? Your first thought may be whatever system you rely on most to produce or sell your company’s products or services. And that may well be true. However, more than likely, your accounting software comes in a close second. After all, this technological tool tracks every financial […]
#AccountingSoftware, #BusinessTechnology, #SoftwareUpgrade
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Tax Planning

Is college financial aid taxable? A crash course for families

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June 25, 2025
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College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year. The average cost for tuition and fees for out-of-state students at public colleges was $30,780. For in-state students, the cost was $11,610. Of course, there are additional costs […]
#CollegeCosts, #FinancialAid, #Scholarships
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