Depreciation Isn’t Always the Best Move for Your Business
Why Taking More Depreciation Isn’t Always the Best Move for Your Business When it comes to tax planning, depreciation is one of the most powerful tools business owners have. In my last two posts, I talked about bonus depreciation vs. Section 179. Both strategies let you deduct the cost of fixed assets more quickly, reducing […]
W-9s and 1099s- Changes in 2025
💥 Big Beautiful Tax Bill – W-9s & 1099s: Everything You Need to Know 💥 If you work with contractors, freelancers, or vendors in your business, W-9s and 1099s are more than just paperwork — they’re an IRS requirement. And in 2025, the Big Beautiful Tax Bill brings important changes you need to know about. […]
Section 179 & Bonus Depreciation
💥 Big Beautiful Tax Bill – Part 6 💥 When you purchase qualifying business assets, you often have the chance to deduct the entire cost in the year you start using them. The two main ways to do this — Bonus Depreciation and Section 179 — both get you there, but in very different ways. […]
100% Bonus Depreciation Explained
It’s back—and it’s permanent!100% Bonus Depreciation has officially returned for small business owners, giving you a powerful opportunity to write off qualifying purchases in full the year you place them in service. In Part 5 of our Big Beautiful Tax Bill video series, we break down everything you need to know about this powerful deduction […]
Business Tax Write-Offs: QBI
Are you counting on that full 20% QBI deduction for your 2025 tax return? Not so fast! In Part 3 of our Big Beautiful Tax Bill video series, we dig into the three key filters you must pass to take full advantage of this major tax break. Here’s what every small business owner needs to […]
QBI Deduction: Unlock Big Tax Savings
Part 2 of our Big Beautiful Tax Bill video series is here—and this week we’re talking about one of the most valuable deductions available to small business owners: the Qualified Business Income (QBI) Deduction. If you’re a sole proprietor, S corporation owner, or run a partnership or LLC, the QBI deduction may allow you to […]