Small Business Tax Changes 2025. The irs has adjusted tax. With phased reductions in bonus depreciation, potential new tariffs, and adjustments in international tax policy, both businesses and individuals must stay informed to.
Itโs unlikely that additional changes to these areas will be implemented until 2026 at the earliest but employers should remain engaged and informed about any that are going to become law. Some key updates to consider:
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Taxes Explained Navigating the 20242025 Changes Bookkeeping Basics, If no new tax legislation is passed by the end of 2025, many of the provisions contained in the 2017 tax cuts and jobs act will sunset.