Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Section 163(j): Business Interest Expense Limitation
Section 163(j) limits business interest expense deductions to 30% of adjusted taxable income. Learn the rules, exceptions, and how to file Form 8990.
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Qualified Business Income Deduction
The qualified business income deduction lets pass-through business owners deduct up to 20% of QBI under Section 199A. Learn who qualifies.
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Meals and Entertainment Deduction: 2026 Rules Explained
The meals and entertainment deduction allows businesses to deduct 50% of qualifying meal costs, while entertainment expenses remain non-deductible under current tax law.
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Tax Cuts and Jobs Act 2017
The Tax Cuts and Jobs Act of 2017 reshaped individual and business taxes with lower rates, a higher standard deduction, and new pass-through rules.…
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Income Statement Audit: Key Items Your Auditor Reviews
Learn which income statement items auditors focus on most, from revenue recognition and cost of goods sold to operating expenses, and how to prepare.
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Tax Identity Theft: How to Protect Yourself This Tax Season
Tax identity theft occurs when thieves file fraudulent returns using your SSN. Learn how to prevent it and protect your refund.
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5 Sources of Substantive Audit Evidence Every Business
Learn the five key sources of substantive audit evidence, from confirmation letters to recalculations, and how to prepare for each during your next audit.
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Tax Cuts and Jobs Act: Key Provisions for Corporations
The Tax Cuts and Jobs Act cut corporate rates to 21%, nearly doubled the standard deduction, and reshaped individual tax brackets through 2025.
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TCJA Tax Brackets: How Individual Tax Rates Changed
The TCJA tax brackets cut most individual rates from 2018 through 2025. See every bracket by filing status and what happens when the law…