November News To Know

Dear Clients & Friends,

With planning season upon us and year-end approaching, now is the perfect time to get ready for your 2025 tax filings. If you’ve experienced any significant changes this year, let’s connect and make sure you’re well-prepared for what’s ahead.

Individual Changes

If you experienced any significant life changes in 2025—such as marriage, divorce, the birth of a child, the loss of a loved one, or the purchase of a home or property—these events can have a substantial impact on your tax situation. Please contact your CJBS advisor before year-end so we can help you plan effectively and take advantage of any tax-saving opportunities.

Business Changes

Has your business purchased new equipment, formed a new entity, or undergone significant changes this year? Now is the ideal time to review your records and explore available tax strategies before closing the books for 2025. Contact your CJBS advisor to ensure you’re maximizing your tax benefits and staying compliant.

Legislative Update

Stay tuned for updates and guidance on the recently passed Big Beautiful Bill and what it could mean for you. Check out our recent articles about the BBB here.

Thank you for trusting CJBS for your tax and accounting needs. If you have questions or want to discuss your situation, reach out to your CJBS advisor. We look forward to helping you finish 2025 with confidence.

2025 Standard Deduction Amounts Announced

For tax year 2025, the Big Beautiful Bill has raised the standard deduction:

• $31,500 for married couples filing jointly
• $15,750 for single taxpayers and married individuals filing separately
• $23,625 for heads of household

Our updated rates and inflation tables will be available soon on our website as soon as complete information is released. Be sure to check back for the latest details to help with your year-end planning!

CJBS Partner Ryan Guedel Speaking at MJ BizCon

We’re excited to share that our very own Ryan Guedel will be speaking at the upcoming MJBizCon in Las Vegas, the leading cannabis business conference. Ryan will be speaking on a panel covering Supply Chain Efficiency and Operational Excellence: How Automation, Data, and Process Improvement Drive ROI.” This session will offer valuable insights into leveraging technology and process optimization to achieve greater profitability and efficiency in the rapidly evolving cannabis sector.

Warm regards,

The CJBS Team