Immediate R&D expensing for small businesses is finally here. Let’s make sure you get what’s yours. 💥 If your business has ever spent money developing software, testing products, or doing anything remotely close to research and development here in the U.S., this is for you. What Changed: Immediate R&D Expensing for Small Businesses The IRS […]
Roth conversion tax traps under OBBBA can sneak up on even the smartest business owners. Lisa is 59, runs a successful dental practice, earns around $220K a year, and just did what her financial advisor called a “smart Roth conversion.” She moved $100,000 from her traditional IRA into a Roth. She was excited—this meant tax-free […]
When it comes to OBBBA 2025 tax planning, it’s anything but “business as usual.” The bill locked in permanent tax rates while tightening rules on deductions, credits, and timing. Translation: waiting until December to figure out your taxes will cost you money. OBBBA 2025 Tax Planning: What Changed for Business Owners Key Deadlines That Shape […]
OBBBA convert personal vehicle to business — here’s how to use 100% bonus depreciation to create a legitimate 2025 deduction from a car you already own. How the OBBBA Convert Personal Vehicle to Business Rule Works When you begin using a personal vehicle in your business, the tax code treats that date as when the […]
OBBBA mortgage interest deduction rules have changed the landscape for homeowners who itemize. The One Big Beautiful Bill Act (OBBBA) permanently locks in the TCJA rule limiting itemized deductions for home mortgage interest to the first $750,000 of total home acquisition debt ($375,000 if married filing separately). Home acquisition debt means mortgages used to buy […]
The 2025 standard deduction increase is one of the biggest taxpayer wins coming out of the One Big Beautiful Bill Act (OBBBA). Remember the Tax Cuts and Jobs Act (TCJA) of 2017? One of the biggest wins for taxpayers was the increase in the standard deduction. Now, thanks to the One Big Beautiful Bill Act […]
Running a business means incurring expenses – and the good news is many of those costs can reduce your taxable income. Small business tax deductions are write-offs that lower the profit you pay taxes on, saving you money. This comprehensive guide breaks down current IRS rules (as of 2025) for the most valuable deductions available […]
If you own stock in your own company and plan to sell someday, you need to know one acronym: QSBS.It stands for Qualified Small Business Stock, and it could be the most powerful tax strategy you’ve never heard of. Here’s why: it can turn millions in gains into tax-free money when you sell. What Is […]
Let me tell you a quick (true) story. A client of mine in Santa Barbara runs a family business that’s been around for decades. Her goal was simple: 👉 Pass it down to her kids—no drama, no debt, no IRS nightmares. But until last week, she thought her kids would have to sell it just […]