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CPA for Career Schools

For All of Your Tax Accounting Audit Needs

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About Our Business

Who We Are

Our CPA firm provides Tax, Accounting and Audit services to small business that are primarily owner owned and operated.  With our experience in the accounting field, no issue is too large or complex for us to manage. We provide business expertise in the educational sector.  Our competency is to assist Vocational School's to comply with the State's financial requirements.

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News You Need to Know

In 2025, key business tax breaks include permanent changes to 100% bonus depreciation, an increased Section 179 expensing limit, and the permanent extension of the Qualified Business Income (QBI) deduction. 

Major 2025 Business Tax Changes and Provisions

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  • 100% Bonus Depreciation Qualified property placed in service after January 19, 2025, is permanently eligible for a 100% first-year depreciation deduction. This allows businesses to immediately expense the full cost of eligible assets, which can significantly boost cash flow.

  • Expanded Section 179 Expensing The maximum amount a business can expense for qualified equipment is raised to $2.5 million, with the phaseout threshold starting at $4 million (amounts indexed for inflation after 2025). This allows small and midsize businesses to deduct larger equipment purchases in the year they are placed in service.

  • Permanent Qualified Business Income (QBI) Deduction The 20% QBI deduction for eligible pass-through entities (like S corporations, partnerships, and sole proprietorships) has been made permanent and is no longer set to expire.

  • Immediate Deduction for Domestic Research & Experimental (R&E) Expenses Domestic R&E expenditures paid or incurred in 2024 or later can be fully and immediately deducted, reversing a prior requirement to amortize them over five years.

  • Business Interest Expense Limitations Beginning in 2025, the calculation for the business interest deduction limit reverts to using the more generous earnings before interest, taxes, depreciation, and amortization (EBITDA) calculation, rather than EBIT, which eases restrictions for many businesses.

  • Standard Mileage Rate For business use of a vehicle, the standard mileage rate for 2025 is set at 72.5 cents per mile. 

​Common Business Credits and Deductions​

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Businesses may be eligible for a variety of ongoing deductions and credits offered by the IRS: 

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  • Work Opportunity Tax Credit (WOTC): A federal tax credit for employers who hire individuals from certain targeted groups facing barriers to employment. The program has been extended through December 31, 2025.

  • Small Business Health Care Tax Credit: Helps eligible small businesses with fewer than 25 employees afford health insurance premiums for their workers.

  • Retirement Plans Startup Costs Tax Credit: Available to small businesses to offset expenses for establishing new retirement plans, such as a 401(k) or SIMPLE IRA.

  • Employer Credit for Paid Family and Medical Leave: Businesses providing qualifying paid leave to employees may be eligible for a credit ranging from 12.5% to 25% of the wages paid. This credit is available through 2025.

  • General Business Deductions: Common deductible expenses include salaries and wages, rent, insurance premiums, utilities, advertising, legal fees, and the cost of goods sold. 

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