SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...

Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a ...

What Congresses gives with one hand, it often takes away with the other and that is the case with the “Big, Beautiful Bill” when it comes to advisors who use a pass-through entity model. On the plus ...

After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for ...

Raise you hand if you want to save money on taxes? You don't want to miss this tax deadline for Californians. SAN FRANCISCO, CALIFORNIA - SEPTEMBER 14: California Gov. Gavin Newsom (R) speaks to union ...

California’s elective Pass-Through Entity Tax was designed to provide relief to business owners. SOUTH SAN FRANCISCO, CA, UNITED STATES, October 15, 2025 ...

If you are a business owner looking to sell, advance planning can be the key to help minimize your tax burden and maximize your profits. In particular, recently created state elections for ...

During its 2023 Session, the Virginia General Assembly passed legislation, H.B. 1456 and S.B. 1476, that removes some of the barriers for participating in Virginia’s elective Pass-Through Entity Tax ...

The Virginia Department of Taxation (Department) recently published Virginia Pass-Through Entity Tax Frequently Asked Questions for Taxable Years 2022 and After (FAQs). As summarized below, the FAQs ...

This decision requires a clear understanding of business activities, ownership structure, operational activities, long-term ...