by Megan Kosciolek, EA, MST | Jan 9, 2026 | Uncategorized
Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful Bill Act (OBBBA), signed into law last year, generally made...
by Megan Kosciolek, EA, MST | Dec 30, 2025 | Business, Tax
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. Depreciation-related tax breaks Bonus depreciation: 100% Section 179 expensing limit: $2.56...
by Megan Kosciolek, EA, MST | Dec 18, 2025 | Uncategorized
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes impacting these rules, but not for the 2025 tax year. Tips and Overtime Income For 2025...
by Megan Kosciolek, EA, MST | Nov 30, 2025 | Blog, Business, Tax
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1. Postpone invoicing. If your business uses the cash method of accounting and it would benefit...
by Megan Kosciolek, EA, MST | Oct 29, 2025 | Blog, Business, Tax
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA)....
