Peggy’s Bookkeeping & Tax Service has published a new article entitled Top 5 Tax Deductions Every Small Business Should Know. The report sheds light on a practical guide outlining strategies ...

The One Big Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many ...

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics.

The One Big Beautiful Bill includes a variety of tax changes for large businesses and SMBs, and most are beneficial ...

No tax on tips and overtime: New above-the-line deductions facilitate up to $25,000 for qualified tips and $25,000 for overtime pay (joint filers) for tax years 2025-2028, with phase-outs starting ...

The One Big Beautiful Bill Act made the Qualified Business Income deduction more accessible to business owners.

Lawmakers in 2017 set that deduction limit, known as the SALT cap, at $10,000 to offset Trump’s tax cuts for individuals and corporations. But some lawmakers in high-tax states — Democrats and ...