The 2025 Tax Law brings big changes for small business owners using pass-through entities like S corporations, partnerships, and LLCs. With the Qualified Business Income (QBI) deduction now made permanent, many business owners will see long-term tax savings — but only if they plan ahead.
From adjusting how you pay yourself to reviewing your entity structure, CPAs are already helping clients make smart moves before year-end. This article explains what every pass-through owner needs to know about the new law, how to qualify for the 20% deduction, and how to avoid costly mistakes.
Whether you run an S corp, a partnership, or a single-member LLC, now is the time to talk with your CPA and take advantage of these powerful tax opportunities.
Oil and gas investing is more than chasing profits — it’s a tax-smart strategy that helps business owners cut taxes, build passive income, and diversify wealth. Learn how oil and gas can fuel your long-term financial plan.
The Billionaires Income Tax Act of 2025 would require the ultra-rich to pay taxes on unrealized gains, closing a major loophole in the U.S. tax system. While supporters call it a step toward fairness, critics warn of challenges in valuing assets and market impacts. Here’s what the new proposal could mean for America.
Tax compliance is one of the biggest struggles for e-commerce businesses today. A new report shows over half of online leaders feel stressed about complex U.S. tax laws. Learn why compliance is so challenging and discover simple strategies to stay compliant, avoid penalties, and protect your profits.
The IRS is trying to work with businesses—not against them. With the improved PFA program, large and international companies can avoid mistakes and feel more confident when filing taxes.
In a world where taxes are getting more complicated, having a way to get help early is a smart move.
If you think your company could benefit, don’t wait. Talk to your tax expert and visit the IRS website today.
The new U.S. tax bill is big news for businesses. Some companies could save money, grow faster, and maybe even share more profits with their investors.
But if you're hoping for big stock market gains, don’t hold your breath.
This bill helps businesses more than investors—and even then, the gains may be small. Still, understanding what’s happening can help you make better decisions.
If you’re not sure what this means for your own investments, now is a great time to speak with a financial advisor.
Smart investing is about staying steady, not chasing headlines.
Missouri’s move to eliminate taxes on stock sale profits could create new opportunities for investors and businesses. At Elite Consulting, P.C., our CPAs help clients navigate these changes with personalized tax strategies, investment planning, and multi-state compliance support. Whether you're an individual investor or a growing business, we’ll help you make the most of evolving tax laws.
President Trump’s new 10% import tariff is making waves—and prices—go up. From shopping on Temu to everyday goods, American families are feeling the impact. Find out what’s happening, why it matters, and how to shop smart in 2025.
The Coca-Cola tax fight shows how even big companies can be surprised by IRS changes. With major firms like Deloitte and PwC speaking out, this case could shape how the IRS deals with all businesses.
At Elite Consulting, P.C., we believe in clear rules, smart planning, and standing by our clients no matter what. If you want peace of mind with your taxes and finances, we’re here to help.