Some of the biggest and best changes in the OBBB involve changes to the depreciation rules. Here’s how you can benefit.
legislation
Your Weekly Read
What the new tax law could mean for you
President Trump signed the One, Big, Beautiful Bill Act into law on July 4. Favorable changes may affect you and your family.
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 individuals should know about The One, Big, Beautiful Bill
Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill
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?
Pocket a tax break for making energy-efficient home improvements
Making energy efficient home improvements may allow you a beneficial tax break.
Discussing the President’s executive action to defer payroll taxes
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in an effort to offer more relief due to the COVID-19 pandemic....
SBA offering disaster loans to small businesses hit hard by COVID-19
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited....
Cash payments and tax relief for individuals in new tax law
Cash payments and tax relief for individuals in the new law A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains some of the tax...
Employee leave under the Families First Coronavirus Response Act
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new tax credits to offset employers’ costs. But the immediate need...
Coronavirus (COVID-19) tax and other relief for individuals
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15,...
401(k) plan highlights of the SECURE Act
Late last year, Congress passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key highlights. New tax credit...
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