With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the ...

The One Big Beautiful Bill creates and/or modifies a number of tax rules that impact taxation of business income, including the permanent extension of the 20% pass-through deduction under Section 199A ...

and taxes have been subtracted from revenues. How to Compute Net Income for Business Clarity To find a business's net income, start with total revenue. Subtract expenses and operating costs to get ...

For businesses taxed on their income at the entity level, most commonly organized as C corporations, the TCJA dramatically reduced the corporate income tax rate from a graduated rate topping out at 35 ...

Tax myths can spread quickly, leading to costly mistakes or missed opportunities. Here are several common tax myths along ...

International Business Machines Corp. v. Director, Division of Taxation, etc., No. 011795-2009; Tax Court; opinion by DeAlmeida, P.J.T.C.; decided and approved for ...