The IRS has released draft Schedule 1-A, introducing four new temporary deductions within the One Big Beautiful Bill Act. If you are wondering what the new form looks like and how the calculations work, read on as we explore each below. Modified Adjusted Gross Income (MAGI) It is important to note that all four deductions … Continue reading “Initial Look at the New Tax Form Schedule 1-A: Four Key Deductions for 2025”
Contribution margin after marketing (CMAM) measures how much money is generated per unit retailed after factoring in a company’s variable costs, along with marketing costs. It’s analogous with contribution margin, however, a business must factor in marketing costs the company experiences when publicizing a good to likely consumers with details on the business’ wares. This … Continue reading “Understanding Contribution Margin After Marketing”
It can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family owned or in a partnership of non-family owners, business succession is no easy feat. Succession Planning It … Continue reading “Ideas for Small Business Succession Planning”
What if you could lower your grocery bill without giving up the things you love, fight inflation and have some money left at the end of the month? Sound too good to be true? It’s not. It’s the Half Rule. This means cutting the amount of product you use in half and seeing what happens. Truth … Continue reading “How to Save Money with the Half Rule”
As organizations invest heavily in next-gen firewalls, AI detection, and threat intelligence, grave cyberattacks have been reported as a result of overlooked misconfigurations. According to the latest statistics, about 23 percent of cloud security incidents are directly connected to misconfigurations. These missteps create easy entry points for cybercriminals that may lead to data breaches, ransomware … Continue reading “The Silent Threat: How Simple Misconfigurations Are Fueling 2025’s Worst Cyberattacks”
Homebuyers Privacy Protection Act (HR 2808) – Introduced by Rep. John Rose (R-TN) on April 10, the House passed this bill on June 23, and the Senate passed it on Aug. 2. Signed into law on Sept. 5, this bipartisan bill prohibits a consumer reporting agency from selling a mortgage applicant’s personal information to other … Continue reading “Enhancing Homebuyer Protections, Wildfire Risks, 911 Response and Domestic Manufacturing”
When it comes to running a business, having outstanding invoices that turn into uncollectible receivables or simply bad debt is a fact of life. The Internal Revenue Service (IRS) has a safe harbor that permits businesses to reduce consideration of such bad debt from taxation, if it qualifies. However, understanding how to determine if a … Continue reading “A Look at the Nonaccrual Experience Method”
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