Year-round tax planning generally produces the best results, but there are some steps you can take in December to lower your 2025 taxes.
depreciation
Your Weekly Read
New deduction for QPP can save significant taxes for manufacturers
Could your manufacturing business qualify for the 100% bonus depreciation on new qualified production property?
How small business owners can deduct real estate improvements
Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements
The One Big Beautiful Bill includes favorable depreciation changes
Some of the biggest and best changes in the OBBB involve changes to the depreciation rules. Here’s how you can benefit.
Significant business tax provisions in the One, Big, Beautiful Bill Act
You’ve probably heard that the One, Big, Beautiful Bill Act has been enacted. What will it mean for taxes and your business?
What business owners should know about The One, Big, Beautiful Bill
You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?
Making the most of the home sale gain exclusion
Considering downsizing your home or moving? If so, be sure to check whether you’ll qualify for the tax-saving home sale gain exclusion.
It’s income tax planning time for your small business
2024 will be over soon enough. Here are some year-end tax planning moves to consider that may help your small business save on taxes.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
Understanding taxes on sales of real estate
The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
Tax tips when buying the assets of a business
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.
Taxes when you sell an appreciated vacation home
If you own a vacation home, perhaps you’re ready to sell it. What are the tax implications? Here are the rules if you sell at a profit.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
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Washington, NC 27889
Washington, NC 27889
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