Tax

The GENIUS Act, signed into law in July 2025, is the first federal law to regulate the payment of stablecoins. A payment stablecoin is a digital asset designed to keep a steady value, usually tied to the U.S. dollar and backed by cash or short-term Treasury securities. These assets are already widely used in payments, cross-border transfers, and cryptocurrency markets. The law defines who is allowed to issue stable coins, sets rules for reserves and reporting, and places oversight with federal and state regulators.

Earlier this month, the Georgia Department of Revenue (DOR), issued an update to the sales & use tax exemption for computer equipment. Rule § 560-12-2-.107, Computer Equipment, outlines the computer and digital technology equipment exempt from certain state taxes. Originally issued in 2001, the purpose was to attract high tech companies to the state. However, with the growing popularity of data centers, the state created a new targeted exemption specifically for these businesses in 2018. Last year, the state passed a temporary suspension of the exemption which was ultimately vetoed. Acknowledging the concerns of lawmakers, the DOR made several adjustments

The One Big Beautiful Bill Act, also known as OBBBA, introduces tax changes that could matter to many medical and physician practices. It makes permanent several provisions that encourage business investment, including bonus depreciation and higher Section 179 limits, and it allows certain research costs to be expensed right away. For some practice owners, that might mean moving ahead sooner with plans for an upgraded imaging system, an expanded records platform, or a long-postponed renovation.

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) became law, changing several areas of the federal tax code. One of those changes affects Section 1202, which has offered tax benefits for small business investors for more than thirty years. The provision allows qualifying gains from the sale of certain stock to be excluded from federal income tax. It has been adjusted several times since it was introduced, and this latest revision adds new ways for taxpayers to benefit.

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, makes major changes to federal clean energy tax policy. The law accelerates the expiration of more than a dozen energy-related tax credits, many of which were previously set to remain in effect through 2032. Several credits will now expire as early as September 2025. In other cases, new restrictions may limit who qualifies or how the credit can be used.

The One Big Beautiful Bill Act, which was signed into law in early July, calls for several significant changes to various business, individual, estate tax, and energy tax provisions. In many cases, the changes implemented served as extensions of expiring provisions initially called for in the Tax Cuts and Jobs Act (TCJA) Of 2017. However, others are completely new incentives that benefit individuals and families. This includes an extension of the individual tax brackets, the standard deduction, new tip income deduction, and the senior tax deduction.

The One Big Beautiful Bill (OBBB) Act was signed into law in early July by President Trump. To date it is the Administration’s landmark legislation which calls for significant changes to tax incentives, credits and deductions available to individuals, families, and businesses. In a prior post, we covered many of the tax provision changes impacting businesses. However, there were several energy tax incentives which were changed including the Energy Efficient Commercial Building Deduction (Section 179d), electric vehicle tax incentives, and the residential clean energy tax credit.

On July 4th, President Trump signed The One Big Beautiful bill (OBBB) into law, which calls for several individual and business tax cuts and changes. Included within the text where many extenders and updates to changes originally introduced in the Tax Cuts and Jobs Act (TCJA) of 2017. While there were dozens of updates and changes the most prominent include an extension of the Section 199a deduction, full expense of R&D expenses, restoration of 100% bonus depreciation, an increase in the SALT deduction, and calls for an expansion of the Employer Provided Child Care Credit.

For business owners weighing options, the way a business is taxed can shape nearly every decision that follows. The C corporation stands apart from other structures in that it pays taxes as a separate legal entity. That single distinction affects everything from how profits are handled to how much flexibility the business has in managing earnings and benefits.

On May 9, 2025, the House Ways and Means Committee released the first details of a new tax bill, followed by a longer summary on May 12. It’s early in the process, and changes are expected, but the proposal offers a look at what Congress may be considering as several key tax provisions from the Tax Cuts and Jobs Act (TCJA) near expiration at the end of this year.