Jun 10, 2025 | Tax Talk Tuesdays
Bonus depreciation has provided businesses, particularly manufacturers, with a powerful tax-saving opportunity by allowing them to deduct a large portion of qualified asset costs in the year of purchase. However, this deduction may phase out, making strategic planning...
Jun 9, 2025 | Tax Talk Tuesdays
Relocating to a new state can significantly impact your tax obligations. State residency rules vary widely and can affect income tax, property tax, and eligibility for deductions or credits. Understanding how residency is determined is essential for taxpayers planning...
Jun 3, 2025 | Tax Talk Tuesdays
Paying for education has never been easy, but in 2025, families have more tools than ever to reduce the financial strain. From federal tax credits that offer immediate relief to state-sponsored 529 plans that grow tax-free and may offer income tax deductions or...
May 23, 2025 | Tax Talk Tuesdays
For business owners looking to lower their tax bills while positively impacting underserved communities, the Federal Empowerment Zone (EZ) program offers a compelling opportunity. Initially created in the 1990s to revitalize economically distressed urban and rural...
May 20, 2025 | Tax Talk Tuesdays
For homeowners in the Northeast, property taxes are a significant financial consideration, often ranking among the highest in the country. While property tax rates vary significantly by county, the differences between states like Pennsylvania, New Jersey, and New York...
May 10, 2025 | Tax Talk Tuesdays
Your business structure determines how you’re taxed, your personal liability, access to capital, and how much red tape you’ll face. In 2025, amid shifting tax rules and regulatory priorities, selecting the right structure isn’t just a legal step; it’s a...
May 6, 2025 | Tax Talk Tuesdays
Manufacturers face a fast-changing and capital-intensive landscape, making it essential to take full advantage of the tax-saving opportunities available in 2025. From equipment write-offs and R&D credits to clean energy incentives, current tax policy supports...
Apr 29, 2025 | Tax Talk Tuesdays
In business, not every year ends in profit, but a financial loss doesn’t have to be a setback. In 2025, net operating losses (NOLs) remain a valuable tool under the U.S. tax code, giving business owners a strategic way to offset future taxable income and strengthen...
Apr 17, 2025 | Blog Posts, Tax
A major shift is coming to how Americans send money to and receive payments from the federal government. On March 25, 2025, President Donald J. Trump signed an Executive Order directing all federal agencies to phase out paper-based payments and adopt modern, secure...
Apr 15, 2025 | Tax Talk Tuesdays
Several changes to federal gift and estate tax rules have taken effect for 2025, creating valuable options for tax savings and strategic planning, particularly for high-net-worth individuals. However, time is of the essence, as the Tax Cuts and Jobs Act (TCJA) is...
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