At My Accounting Now, we believe in empowering business owners with the knowledge and tools they need to thrive. Our blog serves as a resource hub, offering insights into critical aspects of business finance, from effective bookkeeping practices to strategic tax planning. By staying informed and proactive, business owners can avoid common pitfalls and leverage financial strategies to fuel their growth and success.
The One, Big, Beautiful Bill Act (Public Law 119-21) contains new tax deductions, effective starting in 2025, for workers, tipped earners, overtime earners, personal vehicle purchasers, and seniors.
When most people think of Opportunity Zones, they imagine urban redevelopment. But the One, Big, Beautiful Bill Act (signed July 4, 2025) is shining a spotlight on rural communities, making it easier for investors to support growth and create jobs outside major cities.
For families considering adoption, recent changes under the One, Big, Beautiful Bill are making the process more financially achievable. If you finalized an adoption in 2025, or even began the process before then, you may qualify for an expanded Adoption Tax Credit.
Modern urban planning faces significant challenges: population growth, the need for affordable housing, the revitalization of deteriorated areas, and a commitment to environmental sustainability. In this context, tax incentives have become a key tool for promoting urban development projects that address these issues.