The One Big Beautiful Bill Act introduced a new federal income tax deduction for auto loan interest on qualifying new vehicles, available for tax years 2025 through 2028. Before you claim it, there are eligibility rules, income limits, and IRS requirements you need to understand. Here is what taxpayers should know.
S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren’t automatic – they depend on your income level, involvement in the business, and whether you’re ready to manage the added compliance responsibilities. Here’s what you need to know about how S-corps work, who they’re right for, and what’s required to maintain one.
The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on joint returns) of the overtime premium they earn above their regular rate of pay. This deduction reduces is available to FLSA-covered employees who meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.
Nonprofit boards should focus on aligning their finance and strategic growth initiatives to create more cohesion and improve impact. Here are the top governance practices nonprofit boards should know.
Learn more about cost segregation studies and found out if performing one is a smart next step for your real estate portfolio.
With the expiration of expanded ACA subsidies in 2026, self-employed professionals are facing significant premium increases with no employer to share the burden. While healthcare costs are rising, strategic planning can help reduce your total cost. The key is treating healthcare like any other business expense – strategically, proactively, and with tax efficiency in mind.
For business owners, financial decisions rarely stay within company walls – they extend into personal wealth and security. Financial resilience emerges when business health and personal protection are managed together, not in isolation. This article explores how owners can strengthen both through disciplined financial monitoring, strategic risk management, and intentional separation between enterprise and personal finances.
Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances – even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.
Telemedicine and e-visitation are transforming health care access and driving down costs. E-visits can cost as little as $50 compared to $1,000+ for an ER visit, benefiting patients, employers, and insurers alike. While some clinical limitations remain, adoption is accelerating across the medical community. Learn what this shift means for your organization.
Your tax refund is not a bonus; it is your own money returned to you after an interest-free loan to the government. Before spending it, consider smarter alternatives: paying down debt, funding a retirement account, or building a college savings plan. Here is how to put your refund to work for you.