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
Author Archives: Whittaker
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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
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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
06
Aug
Aug
Building wealth takes years of hard work, but losing it can happen much faster without proper safeguards. For business owners, protecting both company and personal finances requires smart planning, strong management, and risk mitigation strategies. Poor financial oversight can expose you to avoidable losses, while a proactive approach safeguards your long-term security. How Businesses Lose
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Jul
Jul
Waiting until tax season to think about your tax strategy is a costly mistake. By then, most opportunities to reduce your tax bill have already passed. The smartest business owners take action before December 31, using year-end tax planning to keep more of their hard-earned money. Why Waiting Until Tax Season is a Mistake Many
09
Jul
Jul
Earning more money is only part of the equation for building wealth. The true key is keeping more of what you earn through smart profit allocation and strategic financial planning. Whether you are a business owner or managing personal finances, the way you allocate profits can have a lasting impact on long-term financial security. Profit