Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in 2026.) New R&E rules aren’t automatic. Retroactive benefits for 2022–2024 require elections, deadlines, and compliance with Rev. Proc. 2025-28. The return of 100% bonus depreciation is helpful, but not always optimal. The…
Key Takeaways Company-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or managers. Meals with clients are typically only 50% deductible, and entertainment remains 0% deductible. Employee gifts can be tax-free if they qualify as “de minimis” benefits, but cash and gift cards are always taxable. …
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless to hackers. Use secure software. Only work with vendors who provide compliance and threat-detection tools. “I don’t…
Key Takeaways Your business can give back and receive tax benefits if the donation is correctly structured and documented. Charitable contributions to qualified 501(c)(3) organizations can be deductible, but how you claim the deduction depends on your business type. Marketing-related giving (like sponsorships, branded gifts, or employee parties) often counts as 100% deductible business expenses.…