If you need a replacement business car, SUV, van, or pickup and you’d love more write-offs before December 31, 2025, the 2025 OBBBA vehicle tax deductions can be a big win. Thanks to the One Big Beautiful Bill Act (OBBBA), certain vehicles can be written off almost entirely in the first year, while others get […]
New to crypto tax terms? Explore our quick-reference Crypto Tax Glossary for Business Owners to understand key concepts before diving in. 2025 has been a big year for cryptocurrency. If you’ve held Bitcoin or other digital assets through new highs, your portfolio might look great on paper—but that also means a bigger potential tax bill. […]
The clock is ticking on 2025. Your retirement is one year closer, and you still have time before December 31 to lock in powerful 2025 year-end retirement deductions. With a few intentional moves, you can: Below are five opportunities to review before December 31. The limits and thresholds here reflect the IRS’s 2025 inflation adjustments. […]
If you run a small business with fewer than 50 employees, your 2025 year-end medical plan strategies can make a big difference in how much tax you pay and how well you take care of your team. The law doesn’t force you to offer a health plan if you have under 50 employees – but […]
2025 Section 199A deduction strategies matter more than ever for business owners this year. The Section 199A qualified business income (QBI) deduction is still one of the most powerful tax breaks available to owners of pass-through businesses. Thanks to the One Big Beautiful Bill Act (OBBBA), the 20% QBI deduction is now permanent instead of […]
1. My Transylvanian Roots: Lessons in Resilience As a tax partner for business owners, I often get asked where my no-fear attitude toward the IRS comes from. I was born in Transylvania, Romania — yes, that Transylvania. A region that’s been conquered, partitioned, rebuilt more times than I can count. The people there are survivors: […]
When taxes draw blood, that’s usually the tipping point. For most people, it takes that one painful moment before they finally get serious about tax strategy for business owners. Like having to come up with $35K you’d saved for your child’s college tuition…Or getting slapped with a $140K tax bill at 5 p.m. the day […]
The $740,000 Crypto Scam: What Happened Can You Owe Taxes on Money Lost to a Crypto Scam? Short answer: Yes. Crypto scam tax consequences can be devastating. The IRS can hold you liable for taxes and penalties on retirement funds lost to fraud, even if you never received the money. Here's a real case that […]
OBBBA business interest deduction rules are getting easier starting in 2025. The One Big Beautiful Bill Act (OBBBA) permanently installs more favorable rules for determining how much business interest expense can be deducted, making it simpler for businesses to plan ahead and increase allowable interest expense deductions. The Basics: How Business Interest Deduction Limits Work […]