By Michelle Weinstein, Founder of The Abundant Accountant Have you ever wondered…How do accountants charge upfront for their services when so much of their work is performed after the fact? It might surprise you to learn that many accountants actually bill their clients AFTER the work is done. The problem is then they find themselves […]
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It’s official: The new tax package referred to as the “One Big Beautiful Bill” (OBBB) has been signed into law, ushering in a new era of tax policies. Fortunately for business owners, several new tax provisions could help reduce next year’s tax bill. In our last blog, we discussed two increased deductions: 100% bonus depreciation
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A new administration typically means new tax policies, and tax planners have been waiting since the November election to see what would change. Now that the so-dubbed “One Big Beautiful Bill” (OBBB) has been finalized, the tax planning process can begin. As tax planners, we work with many clients who own a business, so we
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After months of waiting, clarity is finally coming. The tax and spending package unofficially known as the “One Big Beautiful Bill” Act (OBBB) has been signed into law—and tax planners everywhere are retooling their tax plans accordingly. Clients who own businesses may be especially eager to learn whether the new provisions could lower their tax
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With the recent passage of President Trump’s “One Big Beautiful Bill” Act (OBBB), many question marks that have been floating in the air since the start of the year are finally being resolved. Business owners and tax professionals alike have been waiting with bated breath to see what the new tax policies will be. Now
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By Paul Hamann, Founder & President, RC Reports If you own and work within your S-Corp, you’re often faced with some serious decisions. One of the greatest is how much to pay yourself and how much you can take as distributions. What is your value as an employee, and how much can you pull out as an
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