Business Taxes, Business Ownership, New Legislation

Missouri Eliminates Income Tax on Capital Gains for Individuals

Amundsen Davis LLC on 7/30/2025

On July 10, 2025, Missouri Governor Mike Kehoe signed into law House Bill 594 (the “Bill”), which effectively eliminates the capital gains income tax for individuals and an income tax deduction for corporations. Capital gains...more

Newly Enacted Florida State Laws Affecting Business Owners

Stinson LLP on 7/21/2025

2025 Florida Legislative Update - Florida has recently enacted a number of important business and tax provisions that materially affect many Florida businesses and their owners....more

What the One Big Beautiful Bill Means for Qualified Small Business Stock

Smith Anderson on 7/21/2025

Entrepreneurs and investors should consider significant changes to the rules governing qualified small business stock (QSBS) included in H.R. 1, often referred to as the “One Big Beautiful Bill” (OBBB). The OBBB was passed...more

Oregon’s New Corporate Activity Tax

Foster Garvey PC on 6/5/2019

We are taking a break from our multi-post coverage of Opportunity Zones to address a recent, significant piece of Oregon tax legislation. On May 16, 2019, Governor Kate Brown signed into law legislation imposing a new...more

The New Section 199A 20% “Profit Deduction” for Pass-Through Businesses: The Undecided Issue of Owner Compensation

Burr & Forman on 2/13/2018

Under the Tax Cuts and Jobs Act, Congress is now offering a new 20% deduction for “pass-through” businesses – i.e. businesses that are not corporations. With the corporate tax rate being reduced under the new law to a flat...more

The New 20% Pass-Through Deduction: Can Real Estate Owners Claim It?

Burr & Forman on 1/16/2018

The new 20% deduction for “pass-through” business owners under the Tax Cuts and Jobs Act is raising many questions from owners of real estate-related businesses. Can these owners qualify for this important deduction, and...more