Batley CPA Tax & Business Alert February 2026
Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.
Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue.
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue.
As this year comes to a close, business owners seeking to reduce their taxes for 2025 have more opportunities to do so under the One Big Beautiful Bill Act (OBBBA).
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, will allow more taxpayers to fully deduct their state and local tax (SALT) expenses (including property tax), providing much-needed breathing room to many Americans. Here are the details.
It’s hurricane season — just one of several weather emergencies companies may face, depending on location.
Here’s a rundown of some of the main tax law changes to be aware of as you plan for the 2025 tax year.
Don’t let the name “nanny tax” fool you. It’s a tax that applies to the wages of a variety of types of household help you hire.
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter.
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter.