Category Archives: Tax News

Revisiting Clean Vehicle Tax Credit Just in Time for Labor Day

Happy Labor Day!  Are you shopping for a car this weekend?  Perhaps you should be!...

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

The One Big Beautiful Bill Act (OBBBA) brings long-awaited good news for business owners: several...

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

Short answer: Yes—and they may be more valuable than ever. For established businesses investing in...

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

If you’ve been thinking about installing solar panels, purchasing an electric vehicle, or upgrading your...

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

The One Big, Beautiful Bill Act (OBBBA) brought sweeping changes to the federal tax code,...

One Big Beautiful Bill Act (OBBBA) for Businesses + High-Net Worth Individuals

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6 Things Business Owners Should Know and Do About the Looming TCJA Expirations

The Tax Cuts and Jobs Act (TCJA) was passed in 2017, bringing various tax changes....

Did you know? California Independent Contractor Reporting Requirements Differ from the Federal Requirements!

The State of California has enhanced reporting requirements for independent contractor reporting as compared to...

Pumpkin Spice and Taxes?

As we enter the third month of summer: Pumpkin Spice Lattes have returned; Students are...

Taxpayer-Friendly Bill Stalled in Senate: Next Steps

Back in February we were happy to tell you about the House passing a bill...

The California Enterprise Zone Tax Credit Will Disappear in 2024

The California Enterprise Zone Tax Credit program ended in 2013 with the dissolution of Enterprise...

House Passes the Tax Relief for American Families and Workers Act of 2024

The Tax Relief for American Families and Workers Act of 2024 was passed by the...

Inherited IRAs Update July 17, 2023

IRS provides more transition relief to new inherited IRA distribution rules imposed by the SECURE...

Time Sensitive Opportunities Regarding IRAs: 2022 IRA and HSA Contribution Deadlines

It’s that time of year when we remind you to make any final contributions to...

Business Meals Are Deductible at 100%: Until December 31, 2022

As part of the Taxpayer Certainty and Disaster Relief Act of 2020, the Treasury Department...