Tax planning 2025: What Central Florida businesses need to know

Key Tax Planning Updates for Florida Businesses in 2025 As 2025 begins, Florida businesses should prepare for critical tax changes:

Corporate Tax Rate: Potential reductions in federal corporate tax rates may impact financial planning.
Bonus Depreciation: Phasing out of 100% upfront deductions for capital expenses could affect investment strategies.
R&D Costs: Continued amortization requirements for research expenses necessitate planning, especially in tech industries.
SALT Deduction: The $10,000 cap may expire, providing potential relief for high-income earners.
Staying informed and consulting tax professionals is essential to navigate these changes and optimize financial outcomes. for more informtion click here