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Tag Archives: small business taxes

IRS Issues Guidance to Help Small Businesses Amend Prior Year Tax Returns, Deduct R&D Expenses in the Year Incurred by Matthew Ginsberg, CPA

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Posted on December 09, 2025 by Matthew Ginsberg

The 2025 tax law, commonly referred to as the One Big Beautiful Bill Act (OBBBA), makes a significant change to how businesses treat specific research and experimental (SRE) expenditures by permanently restoring taxpayers’ ability to fully deduct domestic research costs immediately in the year incurred. This is a considerable win for companies that were required […]

IRS Extends Additional Tax Relief to Individuals, Businesses in Israel, West Bank and Gaza by Angie Adames, CPA

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Posted on November 11, 2025 by Angie Adames

The IRS has extended various U.S. tax reporting and filing deadlines for businesses and individuals directly impacted by the Oct. 7, 2023, terrorist attacks on Israel and the ongoing war in the region. Qualifying taxpayers described below now have until Sept. 30, 2026, to file various federal returns, make tax payments and perform other time-sensitive, […]