The One Big Beautiful Bill Act (OBBBA) introduces a long list of tax changes that will impact businesses. Many provisions set to expire this year are now being extended or made permanent. This article provides a snapshot of changes to the rules for deducting research and experimentation costs and business interest expense — to help business owners make the most of tax planning in the fourth quarter of 2025 and going forward.

Family businesses make up a large percentage of companies in the United States and produce much of the country's gross domestic product. Often defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be a significant source of wealth. They may also face higher fraud risks. This article explains why that is true and how family businesses can reduce the risks. A tax calendar for the third quarter of 2025 is included.

Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult to qualify. This article gives a rundown of five points to keep in mind.