Section 179 & Depreciation in 2026: How Law Firms and Franchise Restaurants Can Still Maximize Write-Offs This Year

Franchise, Law Firm, Taxes

If you’re a business owner, you’ve probably heard some version of this advice before: “Buy equipment before the end of the year to reduce your taxes.” While that’s not wrong, it’s also incomplete—and in 2026, it’s definitely not the smartest way to approach tax planning. With bonus depreciation continuing to phase down and Section 179…

Mid-Year IRS Compliance Check: What Law Firms and Franchise Restaurants Should Fix Before Q3

Taxes

By the time May rolls around, most business owners feel like they’ve “survived” tax season. Returns are filed (or extended), documents are submitted, and there’s a collective sigh of relief. But here’s the truth most business owners overlook: Tax season doesn’t end your compliance responsibilities—it reveals them. In fact, May is one of the most…