How the One Big Beautiful Bill Act Reshapes Your Year-End Tax Strategy
Key Takeaways The One Big Beautiful Bill Act (OBBBA) makes most Tax Cuts and Jobs Act (TCJA) provisions permanent, keeping lower brackets, a larger standard deduction, and full business expensing in place. Temporary deductions for overtime pay, tips, and auto loan...
Tax-Smart Retirement Planning for Business Owners
Key points Business owners have retirement plan options beyond standard IRAs. Solo 401(k)s, SEP IRAs, SIMPLE IRAs, and cash balance plans can unlock powerful tax savings. The One Big Beautiful Bill (OBBB) introduces new deductions and planning opportunities. What...
SALT Deduction Expansion: What It Means for 2025–2029
Key Points: The SALT deduction cap will temporarily increase to $40,000 starting in 2025, creating short-term tax planning opportunities for high earners in high-tax states. Taxpayers with income between $500,000 and $600,000 may see reduced or no benefit due to...
The One Big Beautiful Bill: Strategic Tax Planning for the Construction Industry
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBB) into law, ushering in a transformative era for American tax policy. This legislation carries far-reaching implications for construction business owners—from capital investment strategies and...