SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

The OBBBA has made the 20% Qualified Business Income (QBI) deduction permanent. Learn what this and other 2026 tax changes ...

What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...

Clients with certain pass-through entities need to know about a new bill that could affect their taxes. The Small Business Tax Fairness Act, recently introduced in the Senate by Sen. Ron Wyden (D-OR), ...

The “One, Big, Beautiful Bill” includes tax provisions that could benefit small franchise businesses and their employees. Key changes include expanded bonus depreciation, adjusted business interest ...

"Eliminating the SALT deduction for professional service pass-through businesses would also result in a major tax increase on many of those small businesses," said William R. Bay President, American ...

The One Big Beautiful Bill creates and/or modifies a number of tax rules that impact taxation of business income, including the permanent extension of the 20% pass-through deduction under Section 199A ...

The Senate made adjustments in the text of the massive One Big Beautiful Bill to preserve the state and local tax deduction for pass-through entities such as accounting firms and law firms, ...

New tax deductions under the One, Big, Beautiful Bill can attract scams. Learn 8 tax scams small businesses should watch for ...

Journal Editorial Report: The debate between former Governor Andrew Cuomo or democratic-socialist Zohran Mamdani in a mayoral primary. Senate Republicans appear to be acquiescing to demands by House ...

Tax rules in 2026 will reward people who think beyond the usual scramble for receipts. With higher standard deductions, reshaped brackets, and new rules for savings and estates, the biggest wins will ...