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Inventory Methods for Tax Reporting
Accurate inventory reporting can make a significant difference in your business’s tax liability and financial statements. Discover the rules, methods, and reporting requirements that ensure compliance and help you manage costs effectively.
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Inventory Methods for Tax Reporting
Accurate inventory reporting can make a significant difference in your business’s tax liability and financial statements. Discover the rules, methods, and reporting requirements that ensure compliance and help you manage costs effectively.
Expanded Adoption Tax Credit Under OBBA Brings Relief to Families in 2025
Adopting a child in 2025? Thanks to the One Big Beautiful Bill Act, the enhanced Adoption Tax Credit—now worth up to $17,280 and partially refundable—offers real financial relief for families, including up to $5,000 back even if you owe no federal income tax. These changes especially benefit lower- and middle-income households and families adopting children with special needs.
Section 48C Advanced Energy Project Credit Sees Shifts Under OBBBA
Big changes are here for the Section 48C Advanced Energy Project Credit under the One Big Beautiful Bill Act (OBBBA). If you're involved in clean energy manufacturing, critical materials, or industrial decarbonization, these updates could impact your credit eligibility, funding opportunities, and timelines.
A Big Win for Contractors: How the OBBBA Expands the Completed Contract Method for Residential Construction
The One Big Beautiful Bill Act expands the completed contract method, giving more residential contractors the ability to defer income and improve cash flow. This change is particularly impactful for firms managing long-term projects and operating on tight margins.