The changes to the Qualified Business Income (QBI) deduction introduced by the OBBB aim to provide greater tax benefits for small business owners and self-employed individuals, making it easier for them to reduce their taxable income and save on taxes.
Read MoreA letter of instruction is a simple yet powerful way to bring clarity, comfort, and compassion to your estate plan. It bridges the gap between legal formality and personal intention, ensuring your voice is heard.
Read MoreThe One Big Beautiful Bill introduces major tax benefits for small businesses, including the permanent return of 100% first-year bonus depreciation for eligible assets placed in service after January 19, 2025. It also significantly increases Section 179 expensing limits and introduces new incentives for production-related real estate, offering substantial opportunities for tax savings and reinvestment.
Read MoreSigned into law on July 4, 2025, the Reconciliation Bill—officially titled the One Big Beautiful Bill (OBBB)—introduces sweeping changes to the U.S. tax code.
Read MoreStarting in 2026, nonprofits will face an expanded excise tax on compensation exceeding $1 million, which will apply to any employee, not just the top five earners. Donors will also see changes: nonitemizers can deduct up to $1,000 in charitable contributions, while itemizers must exceed a 0.5% AGI threshold to claim deductions, and corporations will face a 1% income floor for charitable deductions.
Read MoreWhen deciding whether to give to charity now or later, it's important to weigh personal financial circumstances, tax implications, and the potential impact of your gift. Giving during your lifetime allows you to see the results of your generosity, while planned giving can ensure long-term support for causes you care about.
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