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New Auto Loan Interest Deduction Plus Other Major OBBBA Tax Changes
If you’ve been thinking about buying a new car or live in a high-tax state, there’s major tax relief coming your way through the One Big Beautiful Bill Act. This comprehensive law creates new deductions for auto loan interest, increases standard deduction amounts, and temporarily raises the SALT deduction cap from $10,000 to $40,000—but these benefits won’t last forever.
What the Government Shutdown Means for Your Taxes
With the current government shutdown affecting IRS operations, many taxpayers are wondering how this impacts their interactions with the agency. Here’s a clear breakdown of what’s available and what’s suspended.
2026 Tax Changes: What You Need to Know About Next Year’s Key Adjustments
The One Big Beautiful Bill Act (OBBBA) passed earlier this year brought significant changes to the tax landscape, and now the IRS has released the 2026 inflation adjustments that build on these reforms. These aren’t just routine inflation adjustments – the OBBBA enhanced several key provisions beyond typical cost-of-living increases, creating new opportunities and considerations for tax planning.
Ohio Business Owners: Negative Funds Report Due November 1
Every year, Ohio businesses are required to file an Unclaimed Funds Report with the Ohio Division of Unclaimed Funds. Even if your business has nothing to report—no uncashed checks, unpaid vendor credits, or dormant customer balances—you still need to file what’s called a Negative Report by November 1, 2025.
Act Now: Electronic IRS Payments and Refunds Are Faster, Safer, and Soon Compulsory
Under a federal modernization directive, the government is phasing out most paper checks for federal disbursements effective September 30, 2025. That means whether you’re sending a payment or receiving a refund, electronic options aren’t just convenient anymore—they’ll be the default.
Introducing Our Fractional HR Services
Small and mid-sized businesses don’t always have the resources for a full-time HR department—but still need the same level of expertise to support their people and operations. Our Fractional HR Services give you flexible, on-demand support tailored to your business.
Attention: IRS Changes Mailing Address for 2025 Estimated Tax Payments
The IRS recently announced a mid-year change to the mailing addresses for individual estimated tax payments (Form 1040-ES). Because the change came mid-year, the addresses printed on your 2025 Form 1040-ES vouchers are no longer correct.
Big Changes Ahead: What the OBBBA Means for Your Itemized Deductions
The OBBBA introduces major tax changes, some starting in 2025, including elimination of the Pease limitation, increased SALT deduction caps to $40,000 through 2029, new charitable contribution floors, and temporary deductions for tips, overtime pay, and car loan interest. These complex changes require careful tax planning analysis.
The Tax Guide to Choosing Your Business Entity: Making the Decision #LessTaxing
Starting a business is exciting, but choosing the correct taxing entity structure can feel overwhelming. The decision you make can impact your tax obligations for years to come, so let’s break down the tax pros and cons of each option to help you make an informed choice.