SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...

Clients with certain pass-through entities need to know about a new bill that could affect their taxes. The Small Business Tax Fairness Act, recently introduced in the Senate by Sen. Ron Wyden (D-OR), ...

The One Big Beautiful Bill Act passed the House on July 3, and was signed into law by President Donald Trump on July 4. Here’s a detailed look at what’s changed—and how it might impact you. (Author’s ...

The Senate made adjustments in the text of the massive One Big Beautiful Bill to preserve the state and local tax deduction for pass-through entities such as accounting firms and law firms, ...

"Eliminating the SALT deduction for professional service pass-through businesses would also result in a major tax increase on many of those small businesses," said William R. Bay President, American ...

The “One, Big, Beautiful Bill” includes tax provisions that could benefit small franchise businesses and their employees. Key changes include expanded bonus depreciation, adjusted business interest ...

If you've recently gone into business for yourself, don't miss these sometimes overlooked credits and tax deductions for the self-employed.