The One Big Beautiful Bill Act includes provisions that change residential and home contracts and will affect the construction industry. What Changed? IRC 460: More residential contracts are now exempt…
IRS Going Paperless: E-Payment Now Required for Federal Tax Transactions
Executive Order 14247, “Modernizing Payments To and From America’s Bank Account,” is ushering in a new era of digital payments for federal taxes. Starting after September 30, 2025, the IRS…
Tax Reform Impacts to R&D Expensing
With the passage of the One Big Beautiful Bill Act (OBBBA), there have been several long-awaited changes to the tax treatment for companies, including the ability to fully deduct their…
Deductions on Qualified Overtime Wages: Implications for Employers
The One Big Beautiful Bill Act (OBBBA) introduces several significant changes for employers, including new federal income tax deductions for qualified overtime wages, effective for tax years 2025 through 2028. Some…
Tax Deductions for Qualified Tips: Implications for Employers
The One Big Beautiful Bill Act (OBBBA) introduces several significant changes for employers, including new federal income tax deductions for qualified tips, effective for tax years 2025 through 2028. Some of…
