Taxes Archives - Accountants and Advisors

What Investors Need to Know About the New Section 1202 Changes: More Flexibility, Bigger Tax Savings

Posted on August 12, 2025August 15, 2025 by Kaila Yim

The One Big Beautiful Bill Act, passed on July 4, 2025, introduces impactful changes to Section 1202 Qualified Small Business Stock (QSBS) gain exclusions—opening the door to more flexible investment strategies, larger tax savings, and expanded eligibility for startups and mid-range corporations.

If you’re a business owner, investor, or entrepreneur, these changes present new planning opportunities you won’t want to miss. Here’s a breakdown of what’s new, who benefits, and how you can leverage these updates with guidance from Froehling Anderson.

Section 179 is Enhanced, and 100% Bonus Depreciation Is Back—And Here to Stay: What the New Tax Law Means for Your Business

Posted on August 11, 2025August 15, 2025 by Kaila Yim

The One Big Beautiful Bill Act, signed into law on July 4, 2025, brings significant updates to tax depreciation rules—particularly for businesses investing in equipment, machinery, or new production facilities. With the permanent restoration of 100% bonus depreciation and higher Section 179 expensing limits, businesses now have more powerful tools to reduce taxable income and plan capital investments strategically.

Section 174 Changes Offer Flexibility for R&D Tax Deductions Under the New Tax Law

Posted on August 5, 2025August 15, 2025 by Kaila Yim

The One Big Beautiful Bill Act introduced key tax provisions designed to support business innovation and improve cash flow planning. One of the most impactful changes for companies conducting domestic research is the amendment to Section 174, which restores the ability to immediately deduct qualified research and experimental (R&E) expenses.

Big Boost for Families: Dependent Care FSA Limit Increases to $7,500 Under New Tax Law

Posted on August 4, 2025August 26, 2025 by Kaila Yim

Great news for working families—starting in 2026, the annual contribution limit for Dependent Care Flexible Spending Accounts (FSAs) is increasing from $5,000 to $7,500. This change, introduced by the One Big Beautiful Bill Act, offers significant tax savings for eligible households.

New Tax Break for Car Buyers: Deducting Interest on Personal Auto Loans

Posted on July 29, 2025August 26, 2025 by Kaila Yim

If you’re planning to purchase a new personal-use vehicle, there’s a major tax change you’ll want to know about. Thanks to Section 70203 of the recently passed One Big Beautiful Bill Act, individuals may now qualify for a brand-new above-the-line deduction—specifically for interest paid on loans used to buy qualified vehicles. This new deduction could offer significant savings for taxpayers starting in 2025.

Business Meal Deductions Are Changing: What Employers Need to Know Before 2026

Posted on July 25, 2025August 26, 2025 by Kaila Yim

If you missed the fine print in the new tax legislation, you’re not alone. Tucked into the One Big Beautiful Bill Act, signed into law on July 4, 2025, is a significant change that will impact many businesses starting in 2026: employer-provided meals will no longer be deductible.

One Big Beautiful Bill Act: What You Need To Know

Posted on July 16, 2025August 26, 2025 by Kaila Yim

The One Big Beautiful Bill Act was signed into law on July 4, 2025. It includes several extensions of the Tax Cuts and Jobs Act of 2017 as well as many new provisions. Here are some key business and individual tax items we want to highlight.