Tax Strategy Blog for Business Owners

The One Big Beautiful Bill Act (OBBBA) increased the annual cap on the personal deduction for state and local taxes (SALT) from $10,000 to $40,000 for 2025 through 2029 (with a high-income phase-down). So it’s fair to ask: is a PTET election after OBBBA still worth it? In many cases, yes. Even with a higher […]

The IRS paper refund checks phaseout is officially underway. Beginning September 30, 2025, the IRS started phasing out paper refund checks for individual taxpayers as part of a broader federal push toward electronic payments. Here’s what’s changing, what’s not changing, and what you should do now so you don’t trigger unnecessary delays when you’re expecting […]

Starting with the 2025 tax year, the IRS is officially turning on a new spotlight for digital assets: Form 1099-DA. If you use centralized exchanges, hosted wallets, or payment processors to buy, sell, or spend crypto, you can expect this new form to land in your inbox in early 2026—along with a lot more attention […]

Your family decisions have tax deadlines. Most people find out in April, when it's too late to do anything about it. The IRS uses one day to decide whether you're married for the whole year: December 31. It uses the calendar year to decide whose bracket a dollar lands in. A few moves before the […]

If you own a business that isn't a C corporation, the QBI deduction lets you deduct up to 20% of its profit. For many owners it happens automatically. For others, it shrinks or disappears, and what decides that is your taxable income for the year. That's why the QBI deduction is a year-end issue. Your […]

If you're thinking about buying a vehicle to cut your 2026 taxes, here's my rule: buy it because the business needs it. The tax code can pay for a big share of a vehicle you were going to buy anyway. It can't turn a purchase you don't need into a good one. If you do […]

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 […]