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Author: Damon Delcoro

Accounting News

Why You May Want to Rethink Your Deduction Strategy in 2025

As we approach the end of 2025, it’s time to evaluate your year-end tax planning strategies. One important decision is whether you’ll claim the standard deduction or itemize deductions. Thanks to recent changes under the…
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General

Favorable Business Depreciation Tax Changes under New Law

There’s good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here’s what you need to know to take advantage. 100%…
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Individual Taxpayers Under the One, Big, Beautiful Bill Act.

The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks that will be significant to…
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Emerging Articles

Tax changes in the One, Big, Beautiful Bill Act

The One, Big, Beautiful Bill Act extends many business-friendly tax provisions The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh…
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The One, Big, Beautiful Bill Act is now law.

President Trump signs his One, Big, Beautiful Bill Act into law On July 4, President Trump signed into law the far-reaching legislation known as the One Big, Beautiful Bill Act (OBBBA). As promised, the tax portion…
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New Study on Tax Burdens: How Does Your State Measure Up?

Where you live can have a major impact on your tax bill. If you’re retiring or able to work remotely, you might be thinking about relocating, and taxes can be a major factor in that…
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Emerging Articles

5 Common Business Entities and Their Tax Implications

Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects how the business is taxed, its administrative complexity, and…
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Uncategorized

8 Life Events that May Change Your Tax Situation

Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you’re getting married, welcoming a new child, starting a new job or making other changes, it’s important…
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Emerging Articles

Business Owners: Is It Time to Transition Ownership to the Next Generation?

One of the upsides to owning a small business is the chance to provide a financial legacy for your family members to participate in after you exit the business. However, there are federal tax implications…
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Uncategorized

Real-World Tax Advice for Recent College Grads

New college graduates will face some of the harsh realities of adulthood, including paying taxes, filing their own tax returns and possibly coordinating with their parents to achieve the best overall family tax results. Here…
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