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 ...
Experts say startups that neglect accounting risk cash flow issues, tax pitfalls and missed deductions. CPAs outline key ...
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Trump's tax bill could end popular 'SALT' deduction workaround for certain business owners
Currently, many pass-through businesses use a workaround — the pass-through entity, or PTE, tax — to bypass the $10,000 limit on the federal deduction for state and local taxes, known as SALT. The ...
The ambitious legislative proposal, known as the 'One Big, Beautiful Bill,' is currently under scrutiny in the U.S. Congress. Spearheaded by President Trump, this bill promises to bring about ...
For a New York City restaurant owner, the entity you choose isn’t just a formality — it affects your taxes, personal liability, fundraising ...
As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act’ would raise the ...
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