The dollar amount that triggers a 1099 filing had not moved since the 1950s. That changed under the One Big Beautiful Bill Act, and the new thresholds apply for the first time to payments made in 2026. If your business pays contractors, vendors, or uses a payment platform to collect from customers, ...

Buying the building your business operates from feels like a straightforward decision. You are tired of paying rent to someone else, and you want the equity to build for your own company instead of a landlord. But the tax picture changes the moment you own the real estate, and most business owners d...

The One Big Beautiful Bill Act, known as the OBBBA, made 100 percent bonus depreciation permanent for qualifying property placed in service after January 19, 2025. For Massachusetts business owners who held off on equipment purchases while waiting to see where the deduction would land, the uncertain...