Accounting and Tax Solutions Archives - Covenant Tax and Accounting Solutions

22 Dec Common Small Business Tax Deductions

Posted at 07:18h in Accounting and Tax Solutions

Covenant Tax and Accounting Solutions (CTAS) helps business owners understand which expenses qualify as tax deductions. Properly leveraging these deductions can reduce taxable income, improve cash flow, and strengthen overall financial performance....

01 May Tax Planning Tips for 2025

Posted at 15:54h in Accounting and Tax Solutions

The One Big Beautiful Bill Act (OBBBA) introduces several updates that directly impact 2025 tax planning. Key provisions include the return of R&D expensing, enhanced bonus depreciation for qualifying assets, and expanded clean energy and clean vehicle credits. These changes can influence decisions on equipment...

18 Apr Tax Law Changes under the One Big Beautiful Bill Act

Posted at 15:55h in Accounting and Tax Solutions

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. The legislation extends key provisions from the Tax Cuts and Jobs Act, introduces new tax breaks for individuals and businesses, and accelerates the phaseout of certain energy-related credits....