--- title: Machen McChesney Blog | Business Tax (2) description: Business Tax | (2) --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![mm-re-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-re-cobrand-fd-blues.png?width=279&height=100&name=mm-re-cobrand-fd-blues.png)](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - [LinkedIn](https://www.linkedin.com/company/675439?trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424436970395%2Ctas%3Amachen+mcchesney) - [Facebook](https://www.facebook.com/machenmcchesney) - [Google](https://plus.google.com/101356546927388458481) - [Twitter](https://twitter.com/machenmcchesney) - About Us - [Welcome](http://machenmcchesney.com/about-us/welcome/) - [Affiliations and Associations](http://machenmcchesney.com/about-us/affiliations-and-associations/) - [Community Events](http://machenmcchesney.com/about-us/community-events/) - [Family of Companies](http://machenmcchesney.com/about-us/family-of-companies/) - [History](http://machenmcchesney.com/about-us/firm-profile-history/) - [Mission and Values](http://machenmcchesney.com/about-us/mission-and-values/) - [Team Directory](http://machenmcchesney.com/about-us/team-directory/) - Services - [Accounting & Outsourcing](http://machenmcchesney.com/services/accounting-outsourcing/) - [Audit and Assurance Services](http://machenmcchesney.com/services/audit-assurance/) - [Business Advisory Services](http://machenmcchesney.com/services/business-advisory/) - [Business Valuation Services](http://machenmcchesney.com/services/business-valuation-services/) - [Family Office Services](http://machenmcchesney.com/services/family-care/) - [Financial Planning & Wealth Mangement Services](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) - [Individual Services](http://machenmcchesney.com/services/individuals/) - [Taxation](http://machenmcchesney.com/services/taxation/) - Who We Serve - [Construction & Real Estate](http://machenmcchesney.com/industries/construction-real-estate/) - [Credit Unions](http://machenmcchesney.com/industries/credit-unions/) - [Government & Not-For-Profits](http://machenmcchesney.com/industries/governmental-not-for-profit/) - [Healthcare & Professional Services](http://machenmcchesney.com/industries/healthcare-and-professional-services/) - [Hospitality, Restaurant & Retail](http://machenmcchesney.com/industries/hospitality-restaurant-retail/) - [Manufacturing, Distribution & Automotive](http://machenmcchesney.com/industries/manufacturing-distribution-automotive/) - [Success Stories](http://machenmcchesney.com/success-stories) - Resources - [Blog](https://info.machenmcchesney.com/blog) - [E-Newsletter Archive](http://machenmcchesney.com/resources/e-newsletter-archive/) - [Financial Calculators](http://machenmcchesney.com/resources/financial-calculators/) - [Financial Terms Glossary](http://machenmcchesney.com/resources/financial-terms-glossary/) - [Helpful Articles](http://machenmcchesney.com/resources/newsletter/) - [Tax Calendar](http://machenmcchesney.com/resources/tax-calendar/) - [Tax Links](http://machenmcchesney.com/resources/tax-links/) - [Track Your Refund](http://machenmcchesney.com/resources/track-your-refund/) - [Sign Up for Our E-Newsletter](http://machenmcchesney.com/resources/e-newsletter/) - [Subscribe to Our Blog](http://machenmcchesney.com/resources/subscribe-to-the-machen-mcchesney-blog/) - News & Events - [Press Releases](http://machenmcchesney.com/news-events/press-releases/) - [Upcoming Events](http://machenmcchesney.com/news-events/upcoming-events/) - Careers - [Our Culture](http://machenmcchesney.com/careers/culture/) - [Benefits](http://machenmcchesney.com/careers/benefits/) - [Our Stories](http://machenmcchesney.com/careers/our-stories/) - [Current Openings](http://machenmcchesney.com/careers/current-openings-send-resume/) - [Accounting Internship Opportunities](http://machenmcchesney.com/careers/students/) - Contact Us - [Auburn-Opelika Office](http://machenmcchesney.com/contact-us/contact-us-auburn-office/) - [Montgomery Office](http://machenmcchesney.com/contact-us/contact-us-montgomery-office/) # Returning Value Blog ## [Some Small Businesses Can Still Benefit From the Health Care Coverage Credit](https://info.machen.cpa/blog/some-small-businesses-can-still-benefit-from-the-health-care-coverage-credit) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Feb 16, 2026 [![](https://info.machen.cpa/hubfs/Health%20Care%20Insurance%20coverage-social.jpg)](https://info.machen.cpa/blog/some-small-businesses-can-still-benefit-from-the-health-care-coverage-credit) Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that hasn’t been getting much attention lately, but that can still be valuable for some small businesses, is the credit for providing health insurance to employees. [Full Story](https://info.machen.cpa/blog/some-small-businesses-can-still-benefit-from-the-health-care-coverage-credit) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [There's Still Time to Set Up a SEP and Reduce Your 2025 Taxes](https://info.machen.cpa/blog/theres-still-time-to-set-up-a-sep-and-reduce-your-2025-taxes) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Feb 09, 2026 [![](https://info.machen.cpa/hubfs/SEP%20IRA-649638880-social.jpg)](https://info.machen.cpa/blog/theres-still-time-to-set-up-a-sep-and-reduce-your-2025-taxes) If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you’ll be able make deductible 2025 contributions to it, saving you taxes. Not only is the SEP deadline favorable, but SEPs are easy to set up, and the contribution limits are generous. If you have employees, you’ll generally have to include them in the SEP and make contributions on their behalf, which are also deductible. [Full Story](https://info.machen.cpa/blog/theres-still-time-to-set-up-a-sep-and-reduce-your-2025-taxes) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Tax Filing Update for Pass-Through Entities](https://info.machen.cpa/blog/tax-filing-update-for-pass-through-entities) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Jan 22, 2026 [![](https://info.machen.cpa/hubfs/Business%20Entity%20-1166352718-social.jpg)](https://info.machen.cpa/blog/tax-filing-update-for-pass-through-entities) Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes, or an S corporation? In tax lingo, these are called “pass-through” entities because their taxable income items, tax deductions, and tax credits are passed through to their owners and taken into account on the owners’ federal income tax returns. These entities generally don’t owe any federal income tax themselves. Here are some important things to know about tax filing for pass-through entities. [Full Story](https://info.machen.cpa/blog/tax-filing-update-for-pass-through-entities) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Not All Business "Expenses" Are Tax Deductible](https://info.machen.cpa/blog/not-all-business-expenses-are-tax-deductible) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Jan 07, 2026 [![](https://info.machen.cpa/hubfs/Expense%20-945243650-social.jpg)](https://info.machen.cpa/blog/not-all-business-expenses-are-tax-deductible) With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think. [Full Story](https://info.machen.cpa/blog/not-all-business-expenses-are-tax-deductible) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [New Law Eases the Limitation on Business Interest Expense Deductions for 2025 and Beyond](https://info.machen.cpa/blog/new-law-eases-the-limitation-on-business-interest-expense-deductions-for-2025-and-beyond) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Dec 08, 2025 [![](https://info.machen.cpa/hubfs/Interest%20Expense-social.jpg)](https://info.machen.cpa/blog/new-law-eases-the-limitation-on-business-interest-expense-deductions-for-2025-and-beyond) Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now, some changes under the One Big Beautiful Bill Act (OBBBA) will result in larger deductions for affected taxpayers. [Full Story](https://info.machen.cpa/blog/new-law-eases-the-limitation-on-business-interest-expense-deductions-for-2025-and-beyond) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [6 Last-Minute Tax Tips for Businesses](https://info.machen.cpa/blog/6-last-minute-tax-tips-for-businesses) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Dec 05, 2025 [![](https://info.machen.cpa/hubfs/Tax%20Tips%20-2177369662-social.jpg)](https://info.machen.cpa/blog/6-last-minute-tax-tips-for-businesses) Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: [Full Story](https://info.machen.cpa/blog/6-last-minute-tax-tips-for-businesses) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [2025 Business Year-End Tax Planning Guide](https://info.machen.cpa/blog/2025-business-year-end-tax-planning-guide) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Nov 20, 2025 [![](https://info.machen.cpa/hubfs/Small%20Business%20Taxes-1360551210-social.jpg)](https://info.machen.cpa/blog/2025-business-year-end-tax-planning-guide) Businesses face unprecedented complexity as legislative changes, shifting economic conditions, and technological advancements reshape the tax landscape for organizations of all sizes. The One Big Beautiful Bill Act (OBBBA) brings both new opportunities and risks, making proactive planning and compliance essential. [Full Story](https://info.machen.cpa/blog/2025-business-year-end-tax-planning-guide) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory), [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [What You Need to Know About Deducting Business Gifts](https://info.machen.cpa/blog/what-you-need-to-know-about-deducting-business-gifts) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Nov 14, 2025 [![](https://info.machen.cpa/hubfs/presents%202236644100-social.jpg)](https://info.machen.cpa/blog/what-you-need-to-know-about-deducting-business-gifts) Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly. Unfortunately, the IRS limits most business gift deductions to $25 per person per year, a cap that hasn’t changed since 1962. Still, with careful planning and good recordkeeping, you may be able to maximize your deductions. [Full Story](https://info.machen.cpa/blog/what-you-need-to-know-about-deducting-business-gifts) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Review Your Business Expenses Before Year-End](https://info.machen.cpa/blog/review-your-business-expenses-before-year-end) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Nov 06, 2025 [![](https://info.machen.cpa/hubfs/Ledgers%202226318934-Social.jpg)](https://info.machen.cpa/blog/review-your-business-expenses-before-year-end) Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA). It makes permanent or revises some Tax Cuts and Jobs Act (TCJA) provisions that reduced or eliminated certain deductions. [Full Story](https://info.machen.cpa/blog/review-your-business-expenses-before-year-end) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Should Your Business Maximize Deductions for Real Estate Improvements Now or Spread Them Out?](https://info.machen.cpa/blog/should-your-business-maximize-deductions-for-real-estate-improvements-now-or-spread-them-out) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Oct 22, 2025 [![](https://info.machen.cpa/hubfs/Office%20Building%20-2163336180-Social.jpg)](https://info.machen.cpa/blog/should-your-business-maximize-deductions-for-real-estate-improvements-now-or-spread-them-out) Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — are eligible for accelerated depreciation and can even be fully deducted immediately. While maximizing first-year depreciation is often beneficial, it’s not always the best tax move. [Full Story](https://info.machen.cpa/blog/should-your-business-maximize-deductions-for-real-estate-improvements-now-or-spread-them-out) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) [Previous](https://info.machen.cpa/blog/topic/business-tax/page/1) [Next](https://info.machen.cpa/blog/topic/business-tax/page/3) Search this site on Google Search Google ### Recent Posts ### Subscribe to Blog ### Posts by Category - [Business Tax (356)](https://info.machen.cpa/blog/topic/business-tax) - [Business Advisory (240)](https://info.machen.cpa/blog/topic/business-advisory) - [Payroll, HR & Benefits (124)](https://info.machen.cpa/blog/topic/payroll-hr-benefits) - [Audit & Assurance (113)](https://info.machen.cpa/blog/topic/audit-assurance) - [Accounting & Outsourcing (81)](https://info.machen.cpa/blog/topic/accounting-outsourcing) - [Individual Tax (75)](https://info.machen.cpa/blog/topic/individual-tax) - [Tax Planning (33)](https://info.machen.cpa/blog/topic/tax-planning) - [Tax Updates (25)](https://info.machen.cpa/blog/topic/tax-updates) - [Retirement & Wealth Management Planning (18)](https://info.machen.cpa/blog/topic/retirement-wealth-management-planning) - [Taxation (15)](https://info.machen.cpa/blog/topic/taxation) - [Alerts (13)](https://info.machen.cpa/blog/topic/alerts) - [Business Valuation (11)](https://info.machen.cpa/blog/topic/business-valuation) - [News & Events (11)](https://info.machen.cpa/blog/topic/news-events) - [Tax News (11)](https://info.machen.cpa/blog/topic/tax-news) - [Individual Tax Planning (10)](https://info.machen.cpa/blog/topic/individual-tax-planning) - [Not For Profit (10)](https://info.machen.cpa/blog/topic/not-for-profit) - [Retirement Planning (9)](https://info.machen.cpa/blog/topic/retirement-planning) - [Estate Planning (8)](https://info.machen.cpa/blog/topic/estate-planning) - [Manufacturing Industry Insights (7)](https://info.machen.cpa/blog/topic/manufacturing-industry-insights) - [Individuals (1)](https://info.machen.cpa/blog/topic/individuals) - [Insider (1)](https://info.machen.cpa/blog/topic/insider) - [Professional Standard News (1)](https://info.machen.cpa/blog/topic/professional-standard-news) see all [![Returning\_Value](https://info.machen.cpa/hs-fs/file-2504250850-jpg/Machen-Blog-Image/Returning_Value.jpg)](http://machenmcchesney.com/about-us/mission-and-values/) - [![AICPA](https://machenmcchesney.com/img/logos/aicpa.jpg)](https://www.aicpa-cima.com/) - [![NACVA](https://machenmcchesney.com/img/logos/nacva.jpg)](http://www.nacva.com/) - ![2026 INSIDE Public Accounting Top 400](https://machenmcchesney.com/img/2026-ipa-top-400.jpg) - ![2026 Best of Auburn-Opelika](https://machenmcchesney.com/img/2026-best-of-auburn-opelika.jpg) - [![2025 Best of OA](https://machenmcchesney.com/img/2025-best-of-oa.jpg)](https://oanow.com/exclusive/readerschoice/ballot-2025/) - ![2026 Best of OA Winner](https://machenmcchesney.com/img/2026-best-of-oa-winner.jpg) - [![2025 Accounting Today Regional Leaders](https://machenmcchesney.com/img/2025-accounting-today-regional-leaders.jpg)](https://www.accountingtoday.com/) - [![ClearlyRated Best of Accounting](https://machenmcchesney.com/img/2024-best-of-accounting.jpg)](https://www.clearlyrated.com/accounting) - [![ClearlyRated Best of Accounting Employee](https://machenmcchesney.com/img/2024-best-of-accounting-employee.jpg)](https://www.clearlyrated.com/accounting) 1820 East University Drive, Auburn, AL 36830 | Tel: (334) 887-7022 | Fax: (334) 887-7221 1761 Taliaferro Trail, Montgomery, AL 36117 | Tel: (334) 244-8900 | Fax: (334) 364-0927 † This is not a CPA firm. \* Assurance, attest, and audit services provided by Frazier & Deeter, LLC. “Frazier & Deeter” is the brand name under which Frazier & Deeter, LLC\* and Frazier & Deeter Advisory, LLC† and its subsidiary entities provide professional services. 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