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Small Business Tax Breaks: Retroactive Deductions and Expanded Credits for Tax Year 2025
The One Big Beautiful Bill (OBBB) delivers several retroactive and expanded tax breaks for 2025 that could lower your tax bill in a significant way. Here are the deductions and credits that could save their business money. Section 179 Deduction Section …
Central Indiana CPA Firm
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Recent Posts
Small Business Tax Breaks: Retroactive Deductions and Expanded Credits for Tax Year 2025
The One Big Beautiful Bill (OBBB) delivers several retroactive and expanded tax breaks for 2025 that could lower your tax bill in a significant way. Here are the deductions and credits that could save their business money. Section 179 Deduction Section 179 lets you...
Inherited an IRA? Here’s How to Manage the 10-Year Rule and Reduce Taxes
If you’ve inherited an IRA in recent years, you should be aware that the SECURE Act, passed in 2019, changed how many beneficiaries need to handle this inheritance. What used to be a generous benefit that could last decades now comes with a strict deadline that can...
How The One Big Beautiful Bill Could Change Your Tax Return
The One Big Beautiful Bill (OBBB), signed into law last July, brings real changes to how Americans file taxes. For the average taxpayer, you could be keeping more of your income, whether from tips, overtime, family expenses, or retirement. Here’s how the OBBB is...
Expanded HSA Eligibility in 2026 Could Benefit Millions of Americans
Health Savings Accounts (HSAs) are a smart way to handle medical costs. And thanks to new rules in the One Big Beautiful Bill (OBBB), many Americans who previously didn’t qualify can now open and fund an HSA. Here’s what’s changing. HSAs: A Quick Refresher An HSA is a...
The Key Trends Shaping Small Businesses in 2026 for Innovation, Hiring, and Growth
Small businesses in 2026 will be operating in a fast-moving environment shaped by technology and changing workforce expectations. It’s time to think strategically about where things are headed. Here are the trends small businesses should pay attention to in the coming...
These Proposed Social Security Updates Aim To Protect Identity Theft Victims and Simplify Retirement Claiming Ages
The House of Representatives recently passed three bills aimed at improving Social Security services, particularly for retirees and identity theft victims. The Social Security Administration (SSA) is supposed to be a resource for Americans, even before they collect...
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