SmartTaxLab

Table of Contents Navigating 2025: Key Tax Shifts for Small Businesses Enhanced Deductions: Bonus Depreciation & Section 179 Fueling Innovation: R&E Expenses and QBI in Focus Broader Economic Support: IRA, Standard Deductions, and More SBA Lending Landscape: What Entrepreneurs Need to Know Compliance Essentials: Beneficial Ownership Information Reporting Frequently Asked Questions (FAQ) Get ready for a significant shift in the financial landscape for small businesses! As 2025 dawns, new legislation and updated policies are poised to reshape how you manage your company's finances, invest in its future, and navigate regulatory requirements. The "One Big Beautiful Bill Act" (OBBBA) and revised Small Business Administration (SBA) guidelines are at the forefront, aiming to foster growth while ensuring that support is directed towards genuine U.S. small businesses. This post bre...

Table of Contents Navigating the New Crypto Tax Landscape in 2025 Key Regulatory Shifts and Form Updates Understanding Taxable Events and Reporting Cost Basis: The Cornerstone of Accurate Reporting Global Harmonization and Future Outlook Practical Examples and Tax-Loss Harvesting Frequently Asked Questions (FAQ) The digital asset space is rapidly evolving, and 2025 marks a significant turning point in how cryptocurrency is treated for tax purposes. Governments worldwide, particularly the IRS, are intensifying their efforts to ensure compliance and close the tax gap. This means a more robust framework is in place, impacting how individuals and businesses report their crypto activities. Staying informed is no longer just a good idea; it's a necessity for avoiding potential penalties and ensuring you're meeting your obligations. Cryptocurrency Tax Rules in 2025 — What’s New?