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 ...

Financial advisors and their business clients can breathe a sigh of relief after new taxes on pass-through entities were rejected in the Senate’s version of the “One Big Beautiful Bill,” which passed ...

The ambitious legislative proposal, known as the 'One Big, Beautiful Bill,' is currently under scrutiny in the U.S. Congress. Spearheaded by President Trump, this bill promises to bring about ...

After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for ...

It often makes financial sense for married couples to file joint instead of separate tax returns. But the pass-through deduction could change the calculus. The strategy would isolate the business ...

LONG ISLAND, N.Y. — Starting a business can be both exciting and daunting, and while the potential upside can seem promising, the path for a startup may be packed with pitfalls, especially those that ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Selecting the right business entity structure is an ...

Don't miss the 2026 business tax deadlines. Find out the key filing dates for Partnerships, S Corporations, and C ...

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, ...

The risk surfaces later, after a death or during a leadership transition, when the business is already under pressure. By ...