Tax Planning

Some small businesses can still benefit from the health care coverage credit

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February 11, 2026
H&B
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Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that hasn’t been getting much attention lately but that can still be valuable for some small businesses is the credit for providing health insurance to employees. […]
#EmployerTaxCredit, #SmallBusinessTax, #TaxCredits
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Tax Planning

The new law includes favorable changes for depreciating eligible assets

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July 21, 2025
H&B
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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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