July 16, 2025/Tax, Business Planning, Financial Planning
Breaking Down R&D Deductions in the One Big Beautiful Bill: What Businesses Need to Know
On July 4th President Trump signed the reconciliation tax bill into law that had been passed earlier in the week by the House and Senate. One of the more significant components of the bill for businesses is the permanent restoration of immediate deductibility for domestic research and development costs effective for tax years beginning after […]
July 8, 2025/Tax, Family Wealth, Financial Planning
What you need to know about the Big Beautiful Bill
Prepared by SL’s Tax Partners With expiration of most of the individual tax provisions included in the 2017 tax law commonly known as The Tax Cuts and Jobs Act passed during President Trump’s first term slated to sunset at the end of 2025, as well as unpopular provisions such as a requirement to capitalize research […]
December 4, 2024/Tax, Financial Planning, Business Planning
SALT 2024 Year-End Planning Guide
As 2019 comes to a close, we encourage you to consider year-end planning to take advantage of opportunities to reduce your tax bill and prepare for the year ahead. View our business and individual tax planning guides.
August 6, 2020/Tax, Financial Planning, COVID-19
Update to Required Minimum Distributions Rules for 2020
If you took a Required Minimum Distribution (RMD) in 2020, you now have until August 31, 2020 to rollover any RMD that was received in 2020, according to the latest IRS Notice 2020-51.
April 1, 2020/Tax, Financial Planning, COVID-19, Accounting and Auditing
Required Minimum Distributions Suspended for 2020
RMDs are suspended for 2020, including inherited IRAs as well as traditional IRAs of those over age 70½. We answer two of the most common questions we’ve received in this post.
March 30, 2020/Accounting and Auditing, Tax, Business Planning, Financial Planning, COVID-19
SBA Loan Information
With the economy in turmoil and business uncertainty looming, many of our clients are seeking guidance on how to proceed. One great option is to seek a SBA loan to cover salary expenditures, rent, and utilities for 8 weeks. We outline some of the SBA loan requirements below and are happy to work with you to get your financial packages in order so you may present them to a SBA lender.
March 24, 2020/Family Wealth, Financial Planning
Meet SL Wealth Advisors
The same team you know and trust for your tax preparation is now offering expanded financial planning services. Meet SL Wealth Advisors.
March 13, 2020/Accounting and Auditing, Tax, Press Release, Business Planning, Financial Planning, COVID-19
SL COVID-19 Response and Update
In this time of uncertainty, Smith Leonard is working diligently to ensure optimal client service while following policies and procedures that protect our team members, clients, and communities. Learn more about our readiness plan and how we are handling the impact of the coronavirus in our business.
January 6, 2020/Business Planning, Tax, Financial Planning
January Tax Items
As we ring in the new year, Smith Leonard would like to remind you of a few upcoming changes and filing requirements for payroll, personal property taxes, and other compliance issues.
December 13, 2019/Business Planning, Tax, Financial Planning
2019 Year-End Tax Planning
As 2019 comes to a close, we encourage you to consider year-end planning to take advantage of opportunities to reduce your tax bill and prepare for the year ahead. View our business and individual tax planning guides.
