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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New information on return and payroll tax reporting rules require attention.

The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return and…
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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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