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Author: Damon Delcoro

Accounting News

6 Year-End Small Business Tax Saving Tips

There’s still time for small businesses and their owners to implement strategies to save taxes for 2025. Traditional strategies continue to be valuable, but the One Big Beautiful Bill Act (OBBBA) includes several changes that…
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Accounting News

Year-end tax planning strategies for Business

Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the…
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QCDs Can Be a Tax-Savvy Move for Seniors

For some time now, individuals age 70½ and older have been able to transfer funds directly from a traditional IRA to an IRS-approved charity. However, with the enactment of the One Big Beautiful Bill Act…
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Recent Tax Law Changes: 10 Provisions Employers Need to Know

The One Big Beautiful Bill Act (OBBBA) includes a number of tax law changes that affect employers. Here are 10 key provisions employers need to understand to ensure compliance with their federal tax and reporting…
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4 year-end planning steps to trim your 2025 taxes
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4 year-end planning steps to trim your 2025 taxes

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly…
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Accounting News

Expanded QOZ Program Offers Tax-Savings Opportunities

Congress created the Qualified Opportunity Zone (QOZ) program to incentivize investments in low-income communities through valuable tax breaks. The original program was scheduled to expire, but it has recently been renewed and expanded under the…
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What do the 2026 cost-of-living adjustment numbers mean for you?

The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act (OBBBA) makes permanent or amends many provisions of the Tax Cuts and Jobs Act (TCJA).…
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Seniors: 10 FAQs About Applying for Medicare

Medicare is a federal program that provides health insurance to Americans 65 and older, as well as to certain younger individuals with disabilities. However, the rules for signing up can be confusing or even overwhelming…
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Accounting News

New 1099 Rules May Bring Relief to Some Businesses

The One Big Beautiful Bill Act (OBBBA) has garnered headlines for extending dozens of tax provisions and creating new tax-saving opportunities for individuals and businesses. But it also eases the rules for Form 1099-NEC, “Nonemployee…
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Sooner or Later? Picking the Right Start Date for Your Social Security Benefits

Deciding when to start receiving Social Security benefits can be a tough call for seniors. You can start claiming Social Security benefits as early as age 62. But if you want to receive full benefits, you’ll need…
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