Recent discussions about Medicaid funding cuts have raised concerns about their potential impact on businesses. These proposed reductions are aimed at financing other initiatives like tax cuts and increased border security. They could lead to significant changes in tax laws and employer-sponsored healthcare obligations.
Medicaid Funding Cuts: Potential Tax Implications for Businesses Read More »
As of January 1, 2026, the estate tax exemption is scheduled to decrease significantly. Currently, in 2025, the exemption stands at $13.99 million per individual. Without legislative changes, this amount will revert to approximately $7 million in 2026.
Estate Planning Alert: Upcoming Reduction in Gift and Estate Tax Exemptions Read More »
Business losses, while challenging, can offer tax-saving opportunities through carryforward and carryback for business losses. These provisions allow businesses to manage losses effectively, reducing tax burdens in profitable years or recovering taxes paid in prior years. Understanding these mechanisms can provide businesses with much-needed financial flexibility.
Understanding Carryforward and Carryback: Making the Most of Business Losses Read More »
