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2025 Year-End Tax Planning for Small Businesses
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2025 Year-End Tax Planning for Small Businesses

Corporate Taxes, Government, Interest, IRS, Planning Strategies, Self-Employed, Small Business, Tax Credits, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes, Year End

2025 Year-End Tax Planning for Small Businesses

As the year draws to a close, it's important that we discuss any year-end strategies that might help lower your business's taxable income for 2025. This has been a big year for tax law changes, with the President signing the One Big Beautiful Bill Act (OBBBA) into law this summer. Most of the changes are highly [...]

cozbycpa2025-12-30T07:52:08-05:00December 30th, 2025|Categories: Corporate Taxes, Government, Interest, IRS, Planning Strategies, Self-Employed, Small Business, Tax Credits, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes, Year End|Tags: 100 percent bonus depreciation made permanent, Cozby & Company, CPA Heather Cozby, expansion of qualified small business stock gain exclusion, full expensing of domestic software development and R&E expenditures, new and expanded tax breaks in 2025, Plymouth MA accountant, qualified business income deduction, return to EBITDA for limit on business interest deduction, Section 1202 qualified small business stock, Section 179 expensing limit doubled, special depreciation allowance for qualified production property, tiered gain exclusion, what is EBITDA, what is qualified production property|

Several Tax Law Changes May Affect Bottom Line of Many Business Owners

The Internal Revenue Service is reminding business owners that tax reform legislation passed last December affects nearly every business. With just a few days left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations. Here are several changes that could affect [...]

cozbycpa2018-12-26T10:09:04-05:00December 26th, 2018|Categories: Corporate Taxes, IRS, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Taxes, Year End|Tags: changes to fringe benefits under tax reform, Cozby & Company, Plymouth MA accountant, qualified business income deduction, tax reform, temporary 100 percent expensing for certain business assets|