Your Year-End Tax Planning Checklist: What Small Businesses Should Do Before December 31
The best time to cut your 2026 tax bill is the next 12 weeks, not next April. Once December 31 passes, most of the moves that lower a small business’s tax bill are gone for good. October is the sweet spot. You have nine months of real numbers on the books, a good read on […]
Our Q4 Fall Newsletter Is Here!
As the leaves turn and Q4 gets underway, we’re entering the most important planning window of the year. The decisions you make between now and December 31st can shape your 2026 tax picture and set the tone for the 2027 filing season, and our latest newsletter is packed with information to help you make the […]
Regulatory Spotlight: What OBBBA Means for Your 2027 Filing
If you’ve been hearing about the One Big Beautiful Bill Act (OBBBA) but aren’t quite sure what it means for you, you’re not alone. Signed into law in 2025, OBBBA is one of the most sweeping pieces of federal tax legislation in nearly a decade, and some of its most significant provisions are already affecting […]
The 100% Bonus Depreciation Has Returned: Here’s Why Strategic Businesses Won’t Always Use It
If you’ve bought equipment, machinery, vehicles, or made improvements to your building recently, you’ve probably heard that Washington brought back “100% bonus depreciation” for good. It’s true, and it’s a big deal — but the more interesting question for most of our clients isn’t whether to use it. It’s how much of it to use, […]
Year-End Tax Planning: Why September Is the Right Time to Start
If your year-end tax planning conversation usually happens in December, this year is a good one to move it up. With several provisions of the One Big Beautiful Bill Act (OBBBA) now fully in effect for 2026, there’s more to model — and less time to react once the calendar turns to Q4. A few […]
The Holiday Rush Starts Now: 7 Financial Moves Businesses Should Make Before Q4
Labor Day is this week, and for many businesses, the holiday season has already begun. Retailers are placing inventory orders. Restaurants are planning for seasonal demand. Contractors are scheduling projects before winter. Professional service firms are setting revenue goals they hope to achieve before year-end. Whether your busy season starts in September or December, one […]
Maximizing Small Business Deductions: What You Can Write Off—and How to Stay Compliant
For small business owners, knowing which expenses are deductible is one of the most effective ways to reduce taxable income and boost profitability. Still, many owners miss out on legitimate deductions or fail to document them properly—mistakes that can lead to paying more in taxes than necessary or facing challenges during an audit. With the […]
Timing and Accounting for the “One Big Beautiful Bill”: What Companies Need to Know
With the passage of the “One Big Beautiful Bill,” businesses are now navigating one of the most significant tax law changes in recent years. While many headlines focus on the taxpayer-facing provisions—like increased deductions and credits—companies must also prepare for the accounting implications, especially in how they report the bill’s impacts in both interim and […]
What the New Tax Bill Means for You: 8 Key Opportunities to Know for 2025
A new federal tax bill brings valuable opportunities for both individuals and businesses in 2025. Here’s a breakdown of the top provisions and how you can take advantage of them. 1. Deduct Your Tips — Up to $50,000 If you report tips on your taxes, you may now deduct them — up to $25,000 (single) […]
Business Website Expenses: How They’re Handled for Tax Purposes
With most businesses having a website today, it’s important to understand how these costs are treated for tax purposes. While the IRS hasn’t issued specific guidance on website expenses, there are general tax rules that can help guide the treatment of these costs, including considerations for software and hardware expenses. Tax Treatment of Hardware Website-related […]
