by Milton Howell, CPA | Nov 11, 2025 | Hospitality & Restaurants, Professional Services, Tax Watch
Under the OBBBA (One Big Beautiful Bill Act) of 2025, employees can now get a deduction for some of their tips and overtime for the years 2025 to 2028. While this is an employee tax break (not an employer tax break), employers have reporting responsibilities for 2025... by Milton Howell, CPA | Jul 10, 2025 | Tax Watch
On July 4, 2025, the 2025 Tax Act was enacted with the President’s signature. Formerly and commonly referred to as the One Big Beautiful Bill (hereafter, the Act), the Act passed the legislative bodies on a party-line vote of 51-50 in the Senate and 218-214 in the... by Milton Howell, CPA | Jul 10, 2025 | Tax Watch
On July 4, 2025, the 2025 Tax Act was enacted with the President’s signature. Formerly and commonly referred to as the One Big Beautiful Bill (hereafter, the Act), the Act passed the legislative bodies on a party-line vote of 51-50 in the Senate and 218-214 in the... by Milton Howell, CPA | Jul 10, 2024 | Mergers & Acquisitions, NonProfit, Tax, Tax Consulting, Tax Watch
In today’s world of higher standard deductions and fewer itemized deductions, the Qualified Charitable Distribution (“QCD”) is a powerful tool that should be considered. For eligible taxpayers who have charitable obligations to meet, this is a winning strategy with... by Milton Howell, CPA | May 9, 2024 | Audit and Accounting, Business Consulting, Business Valuation, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax Watch
Beneficial Ownership Information (“BOI”) reporting is a new federal law requirement estimated to impact more than 30 million businesses beginning January 1, 2024. In general, any entity, domestic or foreign, created by filing a document with a secretary of state (or... 