Insights on tax, equity, and building wealth
Guides and analysis from the Harness team and the advisors on the platform.
The 2026 Charitable Deduction Reset: What High-Earners Should Do Before the Rules Change
Philanthropy is undergoing a major shift in 2026 as a result of the One Big Beautiful Bill Act. The legislation is introducing new charitable deduction floors and caps, which will change the face of charitable giving, particularly for high-net-worth donors.
1031 Exchange Updates You Should Know
Although 1031 exchanges remain an effective wealth preservation vehicle for real estate investors, the rules governing them have undergone a number of updates. New regulatory interpretations and legislative adjustments have transformed how these tax-deferral mechanisms operate. What worked smoothly in previous years now requires careful planning through modified requirements.
Everything You Need to Know About Green Building Tax Credits in 2025
The green building landscape is rapidly evolving, and 2025 is shaping up to be a pivotal year for developers navigating tax policy. Federal and state governments are doubling down on incentives designed to accelerate sustainable construction, reduce emissions, and boost energy efficiency. For developers and builders, this presents a unique opportunity to not only lower their tax liabilities but also align with long-term market and environmental trends.
Housing Affordability Policy 2025: Impacts on Builders & Investors
The year 2025 marks a defining moment in U.S. housing policy. As affordability concerns reach historic highs, federal legislators are stepping in to reshape how housing is built, financed, and distributed across the country.
Section 179 Deduction 2025: Business Equipment Tax Savings Guide
The Section 179 deduction isn’t new, but in 2025, it looks better than ever. Thanks to updates in the One Big Beautiful Bill Act (OBBBA), small and mid-size businesses now have expanded opportunities to write off the full cost of equipment and software in the year they place it in service.
How the Foreign Tax Credit Carryover Works and Traps to Watch Out For
For all the opportunities that the globalized economy has brought, US citizens can run into trouble when it comes to the complexities of international taxation and the risk of being taxed twice on the same income.
HTS Classification Best Practices: Reduce Duties and Stay Compliant
Within the increasingly complex realm of international trade, few factors carry more weight than proper Harmonized Tariff Schedule (HTS) classification. A single classification decision can mean the difference between optimal duty rates and unnecessary overpayments that drain your clients' bottom lines.
What Changed for Importers with the De Minimis Exemption in 2025
Life just got more difficult for importers with August 29th, 2025, marking the end of duty-free small shipments. The $800 de minimis threshold that once streamlined international commerce is gone, with every commercial import now facing customs scrutiny, duty assessment, and compliance requirements.
A Reporting Guide to Federal vs State Treasury Bill Taxes
With current yields hovering around the 4 to 5 percent mark, Treasury bills (T-bills) are one of the more attractive short-term government securities. What makes T-bills particularly interesting are the tax advantages they offer compared to corporate bonds, certificates of deposit, and other fixed-income investments.
What the Crypto Wash Sale Rule Means in 2025
Tax planning for crypto investors is on the brink of a major change. While current tax law still allows investors to exploit the wash sale loophole—selling an asset at a loss and repurchasing it immediately to claim a tax deduction—this advantage is unlikely to last.
Section 179 vs Bonus Depreciation in 2025
Among the numerous changes that the One Big Beautiful Bill Act has brought into play, business tax incentives have experienced a major upgrade. This legislation has completely transformed Section 179 and bonus depreciation, creating opportunities to immediately deduct qualifying property purchases.
Our Guide to Capital Loss Carryforward Rules (Limits, Examples, and FAQs)
Investment losses can create tax difficulties when losses exceed the amount you can deduct in a single year, resulting in financial setbacks that come with limited tax relief. Capital loss carryforward, however. offers a solution that allows you to spread the tax benefits of those losses across multiple years.
When Should an LLC Become an S-Corp? The $80K Rule Explained
If you’re running a profitable LLC, you’ve probably heard whispers—or full-on pitches—about switching to an S-Corp for tax savings. Maybe from a CPA. Maybe from TikTok. Maybe both.
IRA Recharacterization Deadline 2025 – Rules, October 15 Cut-Off & How-To Guide
IRA recharacterization is a mechanism that allows you to switch between traditional and Roth IRAs when your circumstances change. It's essentially an "undo" button for a contribution, letting you move money from a Roth IRA to a traditional IRA, or vice versa, as if the original contribution never happened.
Liquidity Events and the NIIT Tax Rate: How to Manage the 3.8% Surtax
The Net Investment Income Tax (NIIT) is a 3.8% surtax applied to certain investment income for individuals, estates, and trusts whose Modified Adjusted Gross Income (MAGI) exceeds specific threshold amounts. Part of the Health Care and Education Reconciliation Act of 2010, NIIT was a revenue-generating measure designed to support healthcare reform by taxing investment income as opposed to labour income.
Consumer Interest Tax Deductibility in 2025: What You Can and Can't Deduct
Understanding consumer tax deductibility has never been simple—and 2025 has added a new wrinkle. Thanks to recent updates in the tax code, certain Americans can now deduct interest paid on personal-use vehicle loans. It’s a notable shift from long-standing rules that excluded most consumer interest, and it opens the door for more strategic tax planning.
Contribution Margin on an Income Statement
Every business has expenses. But not all costs—and not all dollars earned—are created the same. If you're looking to get more strategic about pricing or simply running leaner in 2025, understanding your contribution margin on an income statement is one of the smartest places to start.
2025 Tax Brackets: A Guide to New Income Thresholds & Deductions
The IRS has released its official inflation-adjusted 2025 tax brackets, and the implications for taxpayers go well beyond just a few thousand dollars in threshold shifts. With the recent passage of the One Big Beautiful Bill, many provisions from the 2017 Tax Cuts and Jobs Act (TCJA) have now been made permanent—including the seven-bracket structure and a higher standard deduction.
How the One Big Beautiful Bill Impacts Venture Tech
President Trump's "One Big Beautiful Bill Act" (OBBB) of 2025 materially changed multiple tax and policy provisions with a direct impact on tech startups and investors. This article examines how these changes impact everything from tax benefits to international partnerships, and provides strategies for tech companies to thrive amid new compliance requirements.
How the One Big Beautiful Bill Impacts Startups and Founders
On July 4, 2025, the tax laws impacting America's entrepreneurs shifted with the signing of the "One Big Beautiful Bill" (OBBB) Act. This comprehensive tax reform package rewrites the rules of business ownership and investment, creating a new set of tax laws for businesses of all sizes.
13 Essential Small Business Tax Deductions for 2025
Running a small business means keeping a lot of plates spinning—from hiring and operations to marketing, client work, and cash flow. But when tax season rolls around, all that hustle can either help or hurt you—depending on how well you’ve planned for deductions.
Why Are Adjusting Entries Necessary? The Simple Answer
Creating financial statements based on cash movements may seem like an intuitive approach, however, a cash perspective tends not to capture economic reality. Numerous variables (unrecognised expenses, discounts, etc.) can result in reporting inaccuracies that not only distort business performance but can make tax season far more arduous than it needs to be.
How to Help Clients Minimize Taxes with the Secure Act 2.0
Retirement planning nowadays has fundamentally shifted. In the wake of the SECURE Act, astretch IRA strategy is no longer as important. At one time, stretch IRAs were a major engine powering generational wealth transfer, however that has all but vanished for most non-spouse beneficiaries.
How the One Big Beautiful Bill Impacts High Net Worth Individuals
High-net-worth individuals have faced significant uncertainty on many of the tax reductions in the TJCA which was passed in 2017.
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