Business Interest Expense: How much can you deduct?

The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company’s limit has changed starting with the tax year 2022 and stands to impact many large businesses negatively.

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Tax data analytics and reporting tips to improve how you serve stakeholders

Streamline your tax data management for efficient growth and compliance. Stay ahead of regulatory changes and provide stakeholders with real-time tax information. Discover how our tax data transformation solutions can help your business minimize risk, add value, and unlock growth opportunities. Simplify tax reporting and elevate your financial strategy today.

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Understanding the SALT deduction and PTE tax elections

The SALT deduction has been a longstanding benefit for taxpayers who pay state and local taxes. However, recent limitations to the SALT deduction have left taxpayers in high-tax states looking for alternatives. One such option is the PTE tax election, which allows pass-through entities to pay and deduct state and local taxes on behalf of their owners. 

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