Several changes to tax laws arrived in 2026, primarily as a result of the "One Big Beautiful Bill Act" (OBBBA) signed into law in 2025

This legislation includes both extensions of previous tax laws and some new provisions . Here's a breakdown of some key changes:

1. Key Tax Changes for Businesses:

• Bonus Depreciation: The bill makes 100% bonus depreciation permanent for most qualifying property. This allows businesses to deduct the full cost of assets like furniture, equipment, and land improvements in the year they are placed in service.

• Qualified Business Income (QBI) Deduction: The 20% QBI deduction for pass-through entities (LLCs, S corporations, partnerships, sole proprietorships) is now permanent. However, starting in 2026, this deduction will begin to phase out for individuals earning above certain income thresholds (approximately $278,000 for single filers and $556,000 for those married filing jointly). Those with at least $1,000 of qualified business income will receive a minimum deduction of $400, even if the deduction would otherwise be fully phased out.

• Research and Development (R&D) Expenses: The bill restores the ability for businesses to immediately expense research and experimentation costs. Previously, businesses had to amortize these costs over five years.

• Reporting Thresholds: The threshold for issuing 1099 forms will increase substantially. Payments to independent contractors will only need to be reported if they reach $2,000 or more in billing, up from $600. This number will be adjusted annually for inflation. For payments through platforms like PayPal and Venmo, the threshold for tax paperwork remains at $20,000 or more than 200 transactions.
• Section 179 Expensing: Increased limits for Section 179 small business expensing from $1.25M to $2.5M (adjusted for inflation).
• Business Interest Deductions: Business interest deductions are moving back to the EBITBA standard.

2. Changes Affecting Individuals and Employers:

• Tax Credits and Deductions:
• Child Tax Credit: Increased from $2,000 to $2,200 for qualified taxpayers.
• Adoption Credit: The maximum adoption credit is $17,670. Up to $5,120 of this credit may be refundable.
• Standard Deduction: Increased to $16,100 for single filers and $32,200 for those married filing jointly.
• AMT Exemption: Increased to $90,100 for single filers (phased out at $500,000) and $140,200 for married couples filing jointly (phased out at $1,000,000) .
• Estate Tax Exclusion: The basic exclusion amount is $15,000,000.
• Deduction for Seniors: Additional $6,000 deduction for taxpayers 65 and older with phaseouts for higher incomes (2025 through 2028).
• No Tax on Overtime/Tips: Deduction of up to $12,500 for no tax on overtime and up to $25,000 for no tax on tips per taxpayer with phaseouts for higher incomes.
• Car Loan Interest Deduction: Individuals can deduct interest paid on a loan for a qualified vehicle purchase for personal use. The maximum annual deduction is $10,000, with phaseouts for higher incomes.
• Child Care Expenses: The OBBBA increases the percentage of qualified child care expenses for the employer-provided childcare credit.
• Dependent Care Assistance Programs: The maximum annual amount that can be received tax-free under an employer-sponsored dependent care assistance program increases to $7,500 ($3,750 for those married filing separately).
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3. Other Key Considerations:

• State Conformity: State tax codes may not automatically conform to the new federal tax laws, potentially creating mismatches between federal and state taxable income calculations.
• Clean Energy Incentives: Some clean energy tax credits are being curtailed through accelerated phase-outs, narrowed eligibility, and new compliance requirements.
• Global Tax Policy: Businesses will need to manage increased global tax compliance challenges.

It is important that you or your CPA use the free online calculator to understand how these changes will specifically impact your business or individual tax situation.

Gmail now thinks like a human!!

 

Google is building the ability for systems to talk to each other across the entire buying journey. From discovery, to decision and then to checkout. That includes 'buy' buttons showing up directly inside Google surfaces, including AI search and Gemini. Here's why that should click for you as a business owner. Everyone knows your best recurring customer is someone who already paid you once. And now the same system that understands your relationships, your conversations and your engagement patterns is being wired directly into commerce. That's not random. Think about what Gmail already knows.

It knows who you've done business with It knows your ongoing conversations It knows frequency, history, tone, timing

Now layer this on top of that... Reaching out to an existing customer with more information. Offering an upgrade. Sending something relevant at the exact right time. Not because you're randomly blasting more emails, but because the system now understands context and acts more human. Upsells, add-ons and next-step offers are where this gets interesting because it's gonna be where AI actually helps, instead of getting in the way. Google made it clear they're building toward agents that assist customers proactively, not just respond. Meaning your best customers won't just see what you send… they'll be guided through what makes sense next. That’s a big shift. Not louder marketing but smarter timing and better follow-up. The people who benefit from this won't be the ones sending more emails. It’ll be the ones who already have relationship capital with real conversations and something worth offering again. This is early. A lot of it will roll out in phases. But the direction is obvious.

Ten years of overpaying IRS!!

Let's do some uncomfortable math.

Say you've been overpaying taxes by $25,000 per year.

Not because you're doing anything wrong.

Just because nobody showed you the strategies available to you.

Over 10 years, that's $250,000 sent to the IRS that didn't need to go there.

But here's where it gets painful.

What if you had invested that $25,000 each year instead?

At a modest 7% return, that $250,000 in overpayments would be worth $365,000 today.

You didn't just lose $250,000.

You lost $365,000.

And that's assuming you only overpaid by $25,000.

Most business owners are overpaying $40,000 to $60,000 annually.

Run those numbers, and you're looking at half a million dollars — gone.

Not because of bad luck.

Not because of a bad economy.

Because of bad tax advice. 

Or no tax advice at all.

Here's what kills me.

That money could have hired two full-time employees.

It could have funded your entire marketing budget.

It could have been your kids' college fund.

It could have been your retirement.

Instead it is sitting in the U.S. Treasury.

Every year you delay s[ecialize tax incentives, the number grows.

The question isn't whether you can afford to work with a tax strategist.

The question is whether you can afford not to.

Want to stop the bleeding?

Your Identity vs. Your Circumstances

Here’s what’s powerful about identity work:

Your circumstances don’t determine your identity. Your identity determines your circumstances.

Example:

Person A:

Current revenue: $60K

Identity: “I’m struggling. I’m barely making it. I’m not good at this.”

Behavior: Reactive. Desperate. Discounting. Chasing anyone.

Future: Still at $60K. Or less.

Person B:

Current revenue: $60K

Identity: “I’m a CEO building a $150K business. I’m in growth mode. I’m becoming more strategic every day.”

Behavior: Investing in growth. Setting boundaries. Building systems.

Future: $150K within 2-3 years.

Same starting point. Different identity. Completely different trajectory.

Your current circumstances don’t define you. Your identity does.

To get employees interested in AI, some companies have encouraged workers to “play” with the technology just as they would in a sandbox.

One drawback is that playtime is getting expensive, as workers rack up serious bills for their AI usage. 

Uber is the latest company to put a cap on AI, limiting monthly spending to no more than $1,500 per worker for certain coding tools.

Meanwhile, Pope Leo XIV weighed into the debate about AI in the workplace in his first encyclical released last week. He had some stern warnings about the rapid expansion of AI in the world of work and the risks it poses to humanity.

“Artificial intelligence needs to be disarmed,” the pope said in his address. “The word is strong, I know, but deliberately chosen because this moment needs words capable of attracting attention, awakening consciences, and indicating paths forward for humanity. Artificial intelligence now demands to be disarmed, freed from logics that turn it into an instrument of domination, exclusion, and death.”

His concerns mirror many of the moral and ethical debates already happening in workplaces all across the US, as employers and their HR teams navigate how employees experience and produce work with AI.

We're keeping an eye open for any specialized tax incentives for business owners and any company registered with us (takes 30-seconds) will be notified immediately.

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AI skills: AI has influenced the accounting profession.

Job postings requiring AI skills have proliferated at the Big Four over the past year, according to the Financial Times.

Staff at the newspaper examined 50,000 job listings at Big Four firms in English-speaking countries between January 2020 and January 2026. In 2025, they found, there were more than twice as many job postings where AI skills were a core requirement (nearly 7%) as there were listings for audit jobs (almost 3%).

Many of the job postings that mentioned AI as a requirement appeared to be for non-accounting roles, such as “generative AI engineers and machine learning experts in data science,” the FT observed. But others were accounting-related.

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AI won’t save it.

If your follow-up depends on memory, you’re leaking revenue.

No one’s memory is good enough to replace a system.

Tech isn’t your enemy. Poor strategy is.

The problem isn’t AI. It’s not knowing how to use it to help you win.

The inbox is becoming a storefront.

Buyers will soon take action without leaving the thread. The old sales cycle is getting cut in half.

If you don’t own the relationship, AI won’t save it.

Automation works best when it enhances what’s already there. Not when it tries to fake what’s missing.