Tax year 2025 brings significant changes for small businesses compared to 2024. From the restoration of 100% bonus depreciation to expanded R&D expensing and new 1099-K reporting thresholds, these updates reshape compliance and planning strategies. FMQ Consulting breaks down what’s new, what’s phasing out, and how small businesses can turn tax changes into opportunities for growth.

Individual Tax Filing Guide 2025: Key Changes Compared to 2024 The 2026 tax season brings important updates every taxpayer should know. From higher standard deductions and inflation-adjusted tax brackets to capital gains thresholds and child tax credit changes, these adjustments can significantly impact your liability. FMQ Consulting’s comprehensive guide explains what’s new, how it affects individuals and families, and the strategies you can use to optimize your filings. Whether you’re a middle-income household, retiree, or high-income professional, planning ahead in 2025 can unlock meaningful savings.