Tax Planning

New rules could boost your R&E tax savings in 2025

Professional,multicultural,team,of,female,and,male,engineers,work,on
September 5, 2025
H&B
0
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses, reversing rules under the Tax Cuts and Jobs Act (TCJA) that required businesses to capitalize and amortize these costs over five years (15 years […]
#BusinessTaxPlanning, #REExpenses, #TaxSavings2025
Find Out More
Business Planning & Consulting

5 tax breaks on the table: What business owners should know about the latest proposals

A, puzzle, with, a, missing, piece,, where, the, visible, black, space, reads, 'TAX,' and, the, puzzle, piece, being, placed, reads, 'BUSINESS,' symbolizing, the, connection, between, business, and, taxes.
June 9, 2025
H&B
0
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean […]
#BusinessTaxPlanning, #FederalTaxUpdates, #TaxReform
Find Out More
Tax Planning

How Section 1231 gains and losses affect business asset sales

Target,marketing,plan,investor,financial,analysis,chart,strategic,growth,concept,
January 7, 2025
H&B
0
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses […]
#BusinessTaxPlanning, #CapitalGainsTax, #Section1231
Find Out More