Tag: 2025 taxes

The answer, of course, is “it depends”—and it’s neither quick nor easy.  As with most tax questions, the real answer depends on your specific facts, your goals, and the tax law itself. And in this case, the law is the One Big Beautiful Bill Act (OBBBA), Public Law 119-21 passed in July 2025. Under the One Big Beautiful Bill Act (OBBBA), Congress introduced a new deduction for qualified overtime compensation. While often referred to as…  Read more

The answer, of course, is “it depends” — and it’s not quick or easy.  Like most things tax-related, the answer is tailored to each client’s circumstances and goals AND of course the tax law! Over the past few weeks, our office has spent 20+++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21.  We’ve been learning the law and discussing how…  Read more

The answer, of course, is “it depends” — and it’s not quick or easy. Like most things tax-related, the answer is tailored to each client’s circumstances and goals.  Over the past few weeks, our office has spent 20++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21. We’ve been learning the law and discussing how to educate our clients (and ourselves). Working…  Read more

The answers to these “quick and not so quick questions are never quick or easy.  Our answers are always based upon the situation, tailored to each client, their circumstances, and their goals AND of course the tax law!🙃 Over the past few weeks, our office has spent 20+++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21.  We’ve been  learning the…  Read more

The answer is of course not quick or easy and is always tailored to each client — your circumstances, your goals, your timeline. 💡 Just this week and last, our office spent over 20 hours attending tax seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21  — yes, it’s BIG and so are the opportunities for tax savings, even as early as tax…  Read more

🔍 Yes, it’s that time again—time to review your year-to-date income and profitability results as we calculate 2025 estimate #2 due Monday June 16th.  Let’s put a positive spin on this exercise. 😊 It’s an opportunity to determine your 2025 tax liability, schedule an appointment with us so we can help you create or update your tax plan. Don’t forget to include a cash flow review and a business operations…  Read more