In recent legislative developments, the Omnibus Budget Reconciliation Bill for 2025 and Beyond (also known as the One Big Beautiful Bill Act, or OBBBA) has introduced significant tax provisions, some tailored to benefit seniors, ensuring they receive enhanced support in managing their financial and tax responsibilities. Key among these changes is a new deduction available […]

The U.S. tax landscape continues to evolve with legislative updates, and one such recent change introduced in the “One Big Beautiful Bill Act” focuses on a new above-the-line tax deduction for qualified tips. This article delves into the historical and current aspects of tip taxation, highlighting the implications of this new deduction for workers in […]

The State and Local Tax (SALT) deduction allows taxpayers to deduct either their state and local income taxes or their state and local sales taxes, in addition to property taxes, on their federal income tax returns when they itemize deductions. This deduction has long been a staple in the tax code, designed primarily to mitigate […]

Kerber, Eck & Braeckel LLP (KEB) is pleased to announce that our St. Louis office has successfully relocated to a new, modern space in Fenton, Missouri. The move, completed on August 8, 2025, reflects KEB’s continued growth and long-term commitment to serving clients throughout the region. Our new office address is: KEB1400 South Highway Drive, […]

On July 3, Congress passed the sweeping One Big Beautiful Bill Act (OBBBA). This bill is a landmark tax and spending package that makes key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent, introduces significant changes for businesses and individuals, and redefines international tax and clean energy policy. The bill was signed […]

If you’ve ever wanted to slice and dice your financial data in QuickBooks® Online without changing your chart of accounts or creating new classes or locations, you’re in luck. The Tags feature in QuickBooks® Online offers an intuitive, flexible way to track transactions across any category you choose—clients, events, sales channels, campaigns, or even employee […]

You know that moment in April when you look at your tax bill and think: “We could’ve done something about this… if we’d only planned earlier.”  Well, this is earlier.  And if you’re a business owner who’s having a good year so far (or even just a better-than-expected one), now’s the time to stop the silent tax […]

It starts small. Fewer cars on the dealership lot. Half-empty restaurants on a Friday night. A “maybe next year” when customers talk about their next big vacation.  It’s not your imagination. Consumer behavior is shifting — and small businesses are feeling it.  When uncertainty rises (tariffs, policy shifts, rising prices), people don’t always rush to […]

On January 4, 2025, President Biden signed into law the Social Security Fairness Act, a significant milestone in addressing long-standing issues within the Social Security system. This new legislation eliminates two controversial provisions: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions have historically reduced the Social Security benefits of certain […]

Navigating the labyrinth of return filing requirements for tax-exempt entities can seem daunting at first glance. However, understanding these requirements is crucial for maintaining your organization’s tax-exempt status and ensuring compliance with the Internal Revenue Service (IRS). This comprehensive guide will walk you through the various forms that may need to be filed, their specific […]