The QBI deduction and what’s new in the One, Big, Beautiful Bill Act
July 31, 2025 | Brian Hare, CPA, CGMA
What has changed with the QBI deduction in the One, Big Beautiful Bill Act? Read this blog to find out.
Read MoreWhat has changed with the QBI deduction in the One, Big Beautiful Bill Act? Read this blog to find out.
Read MoreBusiness owners quick guide to Guaranteed Payments and QBI Deductions.
Read to learn all about key deadlines for 2023 Q
Read to learn if your business qualifies for a QBI deduction.
Starting to take effect on January 1, 2023 the minimum wage in Michigan: Will increase from $9.87 to the new rate of $10.10. This is a $0.23 increase from the current rate. The 85% rate for minors aged 16 and 17 will increase from $8.39 to $8.59 per hour. This is a $0.20 increase from […]
Summary of the advantages and disadvantages of starting a C-Corporation.
Read to learn about final tax responsibilities when you are closing your business.
These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you should be aware of the complex rules that determine the tax treatment of the […]
Companies that have a history of deducting research and experimental (R&E) expenses will need to prepare for a bigger tax bill. Prior to this, businesses have been able to deduct their R&E expenses in the same year in which they incurred them. However, for tax years beginning after December 31, 2021, all businesses will need […]
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet […]
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement plans for 2023. The amounts increased more than they have in recent years due […]