Many business owners stay with the wrong CPA because they fear disruption. They worry about tax deadlines, payroll issues, and losing financial history. That fear keeps them stuck. Switching CPAs does not have to interrupt your operations. With the right transition plan, you can improve service without creating risk. If your company generates more than
Author Archives: Whittaker
06
Nov
Nov
California business owners have faced limited federal deductions for state and local taxes (SALT) since 2018. The One Big Beautiful Bill Act (OBBBA) brings welcome relief. Starting in 2025, the SALT deduction cap may rise to $40,000, up from $10,000, offering meaningful savings for taxpayers who itemize. Although details await official IRS guidance, this temporary
22
Oct
Oct
Why Making a California PTE Payment Still Makes Sense After OBBBA The One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) deduction cap from $10,000 to $40,000 for married filing jointly through 2029. At first glance, this might seem to reduce the need for California business owners to make a Pass-Through
15
Oct
Oct
Understanding the OBBBA R&D Expensing Changes The One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, brings major relief for businesses that invest in research and innovation. For tax years beginning after December 31, 2024, companies can once again fully deduct domestic research and experimental (R&E) costs in the year incurred. This shift restores
01
Oct
Oct
The Clock Is Ticking on Pre-OBBBA Charitable Giving Rules The One Big Beautiful Bill Act (OBBBA), passed in 2025, reshapes the way individuals and corporations deduct charitable contributions. For donors and business owners, December 31, 2025, marks the final opportunity to give under the old, more favorable rules. This isn’t just about taxes — it’s
Advisory|Financial Reporting|Strategic Guidance, Value Building
New Depreciation Rules with the Passing of OBBBA
24
Sep
Sep
Introduction The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, brings sweeping changes to how businesses recover the cost of their capital investments. From 100 percent bonus depreciation to new expensing rules for real property, these updates significantly impact tax planning and cash flow. Here’s what business owners need to know
03
Sep
Sep
Growing a business is exciting, but expansion without financial planning can quickly turn risky. That’s where a CPA becomes not just helpful, but essential. A CPA brings financial expertise that goes beyond number-crunching, providing strategic insights that help you scale responsibly and profitably. 1. Strategic Financial Planning Expansion requires capital, and capital requires clarity. A
27
Aug
Aug
Charitable giving allows business owners to support their communities while receiving meaningful tax benefits. With the passage of the One Big, Beautiful Bill Act (OBBBA) in July 2025, new rules impact how businesses and their owners can deduct contributions. By understanding these changes, you can make the most of your generosity while reducing tax liability.
20
Aug
Aug
Running a successful business takes more than strong sales or innovative products. Without a clear financial roadmap, even profitable companies can lose direction. A financial roadmap provides clarity, control, and a strategy for sustainable growth. What Is a Financial Roadmap? A financial roadmap is a structured plan that outlines your business goals, projected revenue, expenses,
13
Aug
Aug
For business owners, estate planning is not just about personal assets, it’s about safeguarding the company you built and ensuring it continues to thrive for future generations. Without a solid estate plan, your business and personal wealth could be at risk from taxes, disputes, and unplanned transitions. Why Every Business Owner Needs an Estate Plan