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What the One Big Beautiful Bill Means for Business owners
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What the One Big Beautiful Bill Means for Business owners

Business

What the One Big Beautiful Bill Means for Business owners

After our previous post for taxpayers and how the One Big Beautiful Bill impacts individuals, we are covering today how it affects business owners: Firstly, this bill makes permanent or extend some of the Tax Cuts and Jobs Act (TCJA) benefits that were to sunset in 2026. Bonus depreciation - 1st year 100% depreciation if

By Victor Garrido, CPA, EA|2025-08-06T04:57:46+00:00July 18th, 2025|Categories: Business|Tags: 179, beautiful, big, bill, bonus, business, federal, one, owner, R&D, section, Trump|

Cannabis still Schedule I controlled substance – Section 280E applies
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Cannabis still Schedule I controlled substance – Section 280E applies

Business, Individuals

Cannabis still Schedule I controlled substance – Section 280E applies

The Cannabis industry had some rumors in the last few months on a potential move from Schedule I substance which are considered hard drugs with no medical use and that are especially harmful for users due to abuse to a more relaxed Schedule III which are medical drugs with lower dependence. The current Biden administration

By Victor Garrido, CPA, EA|2025-01-07T07:48:05+00:00October 21st, 2024|Categories: Business, Individuals|Tags: 280E, cannabis, controlled, federal, I, III, irs, marijuana, Schedule, section, State, substance|

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