by Lori Bowden | Dec 4, 2025 | Individuals, Newsletter, Tax
Generally, except for home mortgage interest, personal interest expense isn’t deductible for federal income tax purposes. With the passage of the legislation commonly known as the One Big Beautiful Bill Act (OBBBA), another exception has been added. That is, you might...
by Lori Bowden | Dec 3, 2025 | Business, Newsletter, Tax
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. Any business, whether new or established, can face losses. Fortunately, the net operating loss (NOL) deduction can turn the pain of a loss this year...
by Lori Bowden | Dec 2, 2025 | Business, Individuals, Newsletter, Tax
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences. State Tax Issues for Employees Remote work allows employees to live in one state and work for an employer in another, which can...
by Lori Bowden | Dec 1, 2025 | Individuals, Newsletter, Tax
Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025. The expanded state and local tax (SALT) deduction may cause your total itemized deductions to exceed the standard deduction and itemizing to make sense. In...
by Lori Bowden | Nov 25, 2025 | Business, Newsletter, Tax
Private companies find themselves navigating a tax landscape marked by rapid change and increasing complexity. The wave of legislative, economic, and technological developments over the past year has created novel challenges. It’s not enough to merely survive. This...
