The OBBB, also known as the One Big Beautiful Bill, also known as the American Innovation and Growth Act of 2025, makes a useful change to the R&D … [Read more...] about One Big Beautiful Bill’s New R&D Deductions
business taxes
The Section 168(k) Bonus Depreciation Purchased Requirement
You can get 100% bonus depreciation on tangible personal property assets you purchase and place into service after January 19, 2025. That seems … [Read more...] about The Section 168(k) Bonus Depreciation Purchased Requirement
Washington State Professional Services Sales Tax
Starting October 1, 2025, Washington State levies a sales tax on many, maybe most, business professional services. Thus, if you’re a business … [Read more...] about Washington State Professional Services Sales Tax
The New Big Beautiful Section 199A Deduction
The Big Beautiful Tax Bill, which the U.S. Congress is currently working to pass, changes the popular Section 199A deduction. At this point, whether … [Read more...] about The New Big Beautiful Section 199A Deduction
Deep Work Tax Deductions
On a recent vacation, I read Cal Newport’s book, “Deep Work.” Which got me thinking about tax deductions for deep work. Newport’s ideas have great … [Read more...] about Deep Work Tax Deductions
The Section 183 Schedule C Problem
Last month we blogged about potential issues with short-term rentals and Section 183. Section 183 is part of the tax law that says you cannot deduct … [Read more...] about The Section 183 Schedule C Problem
BOI reports and Your Small Business
You’ll soon need to file a Beneficial Ownership Information report, or BOI report, about your small business corporation or LLC with the U.S. … [Read more...] about BOI reports and Your Small Business
If You Got Conned in ERC Scam
You wondered at the time whether it was a scam, right? And now you regularly see news reports about ERC scams. Employee retention credit scams, that … [Read more...] about If You Got Conned in ERC Scam
How EV Credits Work
Do you plan on purchasing a new vehicle within the next ten years? If the answer is yes, and good chance it is, you want to know how EV credits … [Read more...] about How EV Credits Work
Grouping Activities to Achieve Material Participation
This week, a quick discussion of grouping activities as backdoor way to materially participate. But first a bit of background about what material … [Read more...] about Grouping Activities to Achieve Material Participation