New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break is different from the first-year bonus depreciation that’s available for [...]
Shift Income to Take Advantage of the 0% Long-Term Capital Gains Rate
Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal [...]
The AI Time Machine Paradox: Why Your “Time-Saving” Tech Might Be Stealing It Instead
Remember when we all thought smartphones would give us more free time? Yeah, about that... We're seeing the same pattern play out with AI in business today. Every vendor promises their AI solution will "save [...]
New Itemized Deduction Limitation Will Affect High-Income Individuals Next Year
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you can take before the end of 2025 to help mitigate [...]
Writing an AI Governance Policy for Your Business
Artificial intelligence (AI) is changing the way businesses operate. Its capacity to gather and process data, as well as to mimic human interactions, offers remarkable potential to streamline operations and boost productivity. But AI presents [...]
2025 in Review: Lessons Learned and Setting the Stage for 2026
As 2025 draws to a close, it’s clear this has been a year of both opportunity and complexity. At Linkenheimer LLP, we’ve seen clients across all industries navigate evolving tax rules, shifting market conditions, and [...]
Review Your Business Expenses Before Year End
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 [...]
Boost Your Tax Savings by Donating Appreciated Stock Instead of Cash
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 [...]
There’s Still Time for Businesses to Benefit from Clean Energy Tax Breaks
The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation terminates several business-related clean energy tax incentives earlier than scheduled. For example, [...]
The 2025–2026 “High-Low” Per Diem Business Travel Rates are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for meals, hotels and incidentals. To make this process easier, consider using the [...]