Stay up to date on the latest small business tax law changes, IRS updates, and federal tax reform news — including new legislation like the One Big Beautiful Bill Act (OBBBA), bonus depreciation, and QBI deduction updates.
Our articles are written by Morkel Financial & Tax, a Utah-based firm that helps small business owners, real-estate investors, and professionals with stock-based compensation maximize deductions, structure their businesses, and stay compliant year-round.
People put way too much trust in their tax professionals. I recently met with a new client who asked me to review her 2024 tax return. Right away, something didn’t add up: her previous preparer had her filing separately from her husband. There are very few situations where Married Filing Separately makes sense. In fact, […]
The One Big Beautiful Bill Act (OBBBA) introduced in 2025 brings some of the most significant small business tax changes in recent years. Two of the biggest wins for small businesses? 100% bonus depreciation is back — permanently. The Qualified Business Income (QBI) deduction is here to stay. If you’re a small business owner, real
Exploring Taxes Under Trump’s New “Big Beautiful Bill” Read More »
