Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful…
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Relief for Larger Residential Projects The OBBB expands Section 460 exception from the percentage-of-completion method (PCM). Effective for contracts entered into after July 4, 2025, this change eliminates the prior…
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The newly enacted One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, introduces reforms that will significantly reshape tax planning for the construction industry. Several provisions are…
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The One Big Beautiful Bill (OBBB) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include…
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Background Discussion Qualified Tuition (529) Plans were established in 1996 to provide families with tax-advantaged savings accounts for college. In addition to a possible state tax deduction for the contribution,…
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For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill (OBBB). But an income-based…
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