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 ...

Business owners have a lot to unpack in the One Big Beautiful Bill Act (OBBBA). Here's how it incentivizes the C-corp structure, particularly in growth-focused businesses.

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 American Institute of CPAs is asking accountants to reach out to their congressional representatives and protest the proposed elimination of the ability of pass-through entities such as accounting ...

WASHINGTON, DC, UNITED STATES, September 4, 2024 /EINPresswire.com/ -- The vast majority of America’s family businesses are operating as “pass through” entities ...

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 ...

The Pass Through Entity Tax for California business owners might save you enough money to fund a shopping spree in Beverly Hills. The Pass-Through Entity Tax (PTET) may be the only time your tax ...

The modern economic and regulatory landscape presents countless tax hurdles for fast-growing businesses. Many entrepreneurs ...