October, 2025 - Business Management Company

Review your business expenses before year end

October 30, 2025 / by Brett Hess / Small Business

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA). It makes permanent or revises some Tax Cuts and Jobs Act (TCJA) provisions […]

Making the most of the new deduction for seniors

October 23, 2025 / by Brett Hess / Tax

For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). But an income-based phaseout could reduce or eliminate your deduction. Fortunately, if your income is high enough that the phaseout is a risk, there are steps you […]

Boost your tax savings by donating appreciated stock instead of cash

October 20, 2025 / by Brett Hess / Tax

Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term appreciated stock, you potentially can save even more. Not just a deduction Appreciated publicly traded stock you’ve held more than one year is long-term capital gains property. If you donate […]

Is Your Company’s Pricing Still Working?

October 17, 2025 / by Brett Hess / Small Business

Pricing is one of the most powerful tools a business owner has to make sure their company is profitable. If you set prices too low, you’re missing out on money you could be making. Set them too high, and customers might go to a cheaper competitor. Your goal is to find the “sweet spot”: prices […]

5 potential tax breaks to know before moving a parent into a nursing home

October 9, 2025 / by Brett Hess / Uncategorized

Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving into one, taxes are probably not on your mind. But there may be tax implications. Here are five possible tax breaks. Long-term medical care The costs of qualified long-term care, including nursing home […]