Category: Small Business

Small Business

New Sales Tax on Services Expands Washington State’s Tax Base by Christian J. Burgos, CMI, JD, LLM


Posted on October 09, 2025 by Christian Burgos

Under a new law that took effect on Oct. 1, 2025, the state of Washington is imposing and collecting retail sales tax on certain business activities that were previously exempt from taxation. Vendors providing services, such as advertising, IT support and temporary staffing, must prepare their businesses to comply with the law and begin collecting […]

4 Essential Steps to Position Your Business for a Successful Sale Before Commencing the Sale Process by Fabio De Filippo, CPA


Posted on September 17, 2025 by Fabio De Filippo

The Federal Reserve Bank reduced interest rates by .50 percent in September 2024 and by a quarter point in November 2024, its first cuts since the start of the pandemic. These announcements may signal a new cycle of lower borrowing costs and a heightened appetite for mergers and acquisition (M&A) activity that had slowed considerably […]

OBBBA Introduces New, 100 Percent First-Year Depreciation Deductions For Manufacturers by Joseph C. Leuchter, CPA


Posted on September 11, 2025 by Joseph Leuchter

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, brings significant tax benefits to domestic manufacturing companies. For example, the law restores taxpayers’ ability to fully write off domestic research and development (R&D) expenses in the year they are incurred. It also reinstates 100 percent special depreciation for a long list of new […]

New Tax Law Makes Significant Changes to How Residential Real Estate Developers Recognize Revenue on Construction Contracts by Arthur J. Lieberman


Posted on August 28, 2025 by Art Lieberman

Among the various provisions of the new tax and spending bill is a significant change to the tax accounting method condo developers must use to recognize income, removing a significant irritant to developers’ cash flow and tax efficiency. Background Developers of single-family homes and townhouses historically had the option to use the complete contract method […]

Navigating the Pass-Through-Entity Tax as a Workaround to State and Local Tax Deduction Limits by Maxwell Jewell, CPA, MST


Posted on August 25, 2025 by Maxwell Jewell

Taxpayers in high-income-tax states breathed a collective sigh of relief with the July 2025 passage of the One Big Beautiful Bill (OBBB), which provides a temporary increase to the cap on the state and local tax (SALT) deduction from $10,000 to $40,000 in 2025 through 2029, subject to income limitations. While the new law preserves […]

Qualifying as a Real Estate Professional Can Yield Greater Tax Benefits for Property Owners, Investors by Alex Keneiby, CPA


Posted on July 30, 2025 by Alex Keneiby

Real estate has always been a reliable investment for diversifying one’s portfolio, hedging against inflation and creating a steady stream of passive income from an asset with potential long-term appreciation. Property ownership and management also come with an array of tax advantages that can reduce taxable income and even enable the deferral of capital gains […]