August 2025
Business Meals — What’s Still on the Menu After 2025
Starting in 2026, the tax treatment of business meals changes dramatically. Under the Tax Cuts and Jobs Act (TCJA), employer-provided meals for the “convenience of the employer” including de minimis fringe benefit were limited to a 50% deduction. Unlike [...]
No Tax on Car Loan Interest Under the New Law? Not Exactly
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject to some limitations, if you [...]
The New Law Includes a Game-Changer for Business Payment Reporting
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information reporting on certain business payments [...]
Act soon: The OBBBA Ends Clean Energy Tax Breaks
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally introduced or expanded under the [...]
Honored to Announce That Linkenheimer LLP Has Been Named a CalCPA Firm of the Year Finalist!
We’re honored and proud to share that Linkenheimer has been recognized as a finalist for the prestigious CalCPA Firm of the Year award, alongside eight other outstanding CPA firms! We thoroughly enjoyed our time in [...]
A Closer Look: The QBI Deduction and What’s New in the One, Big, Beautiful Bill Act
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% of QBI, not to exceed 20% [...]