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Permanent Bonus Depreciation QBI

OBBBA Restores Major Business Tax Breaks: What Permanent Bonus Depreciation and QBI Mean for You

August 22, 2025

Cheryl Orcutt

The One Big Beautiful Bill Act (OBBBA) brings long-awaited good news for business owners: several key provisions from the Tax Cuts and Jobs Act (TCJA) are not only back—they’re back for good. Gone are the days of guessing whether bonus depreciation or the QBI deduction would be renewed. The OBBBA makes them permanent, offering long-term…

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Our Articles

Are R&D Tax Credits Still Worth It in 2025?

Are R&D Tax Credits Still Worth It in 2025?

August 13, 2025

Short answer: Yes—and they may be more valuable than ever. For established businesses investing in process improvements, product development, or new technologies, the R&D tax credit remains a powerful tool in 2025. With recent tax law changes restoring full expensing of domestic R&D and new opportunities to reclaim past deductions, the credit can provide a…

Liabilities

Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Confidence

August 5, 2025

Government finance departments have a lot to juggle—tight deadlines, strict compliance requirements, and complex financial records. Among the most important areas to stay on top of: Accounts Payable, Accrued Liabilities, and Long-Term Debt. These liabilities may seem routine, but they can derail an audit or lead to inaccurate financials if not carefully managed. This guide…

Clean Energy Tax Credit Rollback

Clean Energy Tax Credit Rollback: Final Countdown for Tax Breaks Under the OBBBA

July 31, 2025

If you’ve been thinking about installing solar panels, purchasing an electric vehicle, or upgrading your property’s energy efficiency, now is the time to take action. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, significantly rolls back many clean energy tax credits starting as early as the end of this…

Accounts Receivable Reconciliations

Accounts Receivable Reconciliations: A Helpful Checklist for a Smooth Year-End Close

July 29, 2025

For many local government finance departments, reconciling accounts receivable (AR) can feel like an ongoing challenge. With accuracy and transparency on the line, getting it right is more than just a year-end task—it’s a year-round responsibility that ensures your books are clean, your audits go smoothly, and your leadership team has the data they need…

Charitable Contributions

Upcoming Limits to Charitable Contributions: Why 2025 Is a Critical Year for Giving

July 23, 2025

The One Big, Beautiful Bill Act (OBBBA) brought sweeping changes to the federal tax code, many of which we covered in our recent overview for businesses and high-net-worth individuals. One area that deserves a closer look? Charitable giving. New limitations will apply starting in 2026, which makes 2025 a key window for maximizing your donations—for…

Internal Controls

10 Common Misconceptions About Internal Controls

July 16, 2025

When your company first started, it was easier to keep a pulse on everything. You knew who was handling what, decisions happened quickly, and financial oversight was manageable with just a few people involved. Internal controls? They were probably the last thing on your to-do list—and back then, that made sense. But as your company…

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