Tax, Accounting, and Business Insights

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, introducing sweeping changes to the U.S. tax code. Among its many provisions, OBBBA significantly impacts employee benefits, offering new incentives and expanding existing ones for both employers and employees. Overview of the One Big Beautiful Bill Act (OBBBA) OBBBA is a

On July 4, 2025, the One Big Beautiful Bill (OBBB) Act became law, bringing several tax changes that will affect individual taxpayers. One of the biggest changes impacts how you can deduct gambling losses on your tax return. Let’s break down what’s changing, why it matters, and how it could leave you with a tax

The One, Big Beautiful Bill Act (OBBBA) includes a significant update to IRS 1099 reporting rules that will benefit millions of small businesses. Starting with payments made in 2026, the law increases the 1099 reporting threshold from $600 to $2,000. This long-awaited change brings relief to small business owners and better reflects today’s economic realities.

Landmark PLC, Certified Public Accountants is pleased to announce the promotion of Brian Hall and Kim Miesse to the position of partner. Brian Hall has more than 30 years of experience in both public and private accounting and specializes in tax, accounting services and business consulting. A Conway native, Brian currently works remotely from Jacksonville,

The Qualified Business Income (QBI) deduction, introduced in 2018, has been a major tax benefit for owners of pass-through entities. It allows eligible taxpayers to deduct up to 20% of QBI, subject to certain limitations. Originally set to expire after 2025, the One, Big, Beautiful Bill Act (OBBBA) has now made the QBI deduction permanent,

The One Big Beautiful Bill Act (OBBBA) includes a number of favorable changes that will benefit small business taxpayers. At the top of the list is the return of 100% bonus depreciation in 2025—a major incentive for those planning to invest in business equipment, technology, and certain real estate improvements. 100% Bonus Depreciation is Back

Small Business Tax Law Changes 2025: What You Need to Know The One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces sweeping tax changes that will significantly impact small business taxpayers—some favorable, others not. Here’s a quick summary of the key provisions you need to know as you plan ahead.

If your business occupies a large commercial space and you’re planning to relocate, expand, or renovate, don’t overlook the potential tax benefits of restoring a historic building. The Rehabilitation Tax Credit for Historic Buildings offers a valuable incentive that could significantly offset your project costs. What Is the Rehabilitation Tax Credit? The federal rehabilitation tax

Business Start-Up Tax Deductions: What You Need to Know Starting a new business can be exciting—but it’s also expensive. According to the U.S. Census Bureau, nearly 447,000 new business applications were filed in May 2025 alone. If you’re one of these entrepreneurs, you may not realize that many start-up expenses are not immediately deductible. Understanding

If you’re claiming deductions for business meals, vehicle expenses, or a home office, be prepared for the IRS to scrutinize your documentation. Tax auditors are skilled at identifying incomplete or fabricated records — especially when taxpayers try to recreate logs months or even years later. The IRS has strict substantiation requirements, and a recent U.S.

Unlocking Innovation: How “The One, Big, Beautiful Bill” Could Transform R&E Expense Deductibility The way U.S. businesses deduct research and experimental (R&E) expenses may soon change — and significantly for the better. A new legislative proposal known as The One, Big, Beautiful Bill aims to roll back recent tax law changes that have made R&E

A sweeping piece of legislation in Congress — officially dubbed the One Big Beautiful Bill — could dramatically reshape several federal business tax breaks. While still under debate, the One Big Beautiful Bill is already generating buzz across business communities for its potential to deliver meaningful tax relief. Here’s a breakdown of five key tax