Tax Incentives

Significant business tax provisions in the One, Big, Beautiful Bill Act

Business Interest Expenses, Clean Vehicle Credit, Depreciation Deduction (Section 179), One, Big, Beautiful Bill Act, Qualifying Leave for Family Medical Leave, Small Business, Small Business Owners, Small Business Tax Tips, Tax Incentives / Douglas Freeman

The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Here’s a quick summary of some of the most important provisions. First-year bonus depreciation The OBBBA permanently restores the 100% first-year […]

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Interested in an EV? How to qualify for a powerful tax credit

Electric Vehicles, Federal Tax Credit, Tax Credits, Tax Incentives / Douglas Freeman

Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing in popularity all the time. If you buy one, you may be eligible for a federal tax break. The tax

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