Article Highlights: Tax Strategy Optimization Buy Equipment and Other Fixed Assets Section 179 Expensing Bonus Depreciation De Minimis Safe Harbor Year-end Inventory Management Contributing to a Retirement Plan Maximize the Qualified Business Income (QBI) Deduction Review Accounts Receivable for Bad Debts Pre-Pay Expenses Deferring Income First Year in Business Avoid Underpayment Penalties Are You a […]
Article Highlights: Motivations for Selling: Tiring of Property Management Retiring and Downsizing Taking Advantage of Appreciation Family Transfers Changing Personal Goals or Circumstances Tax Strategies and Issues 1031 Exchange Primary Residence Conversion Consider Renting First How is Capital Gains Tax Calculated Owning a second home can be a cherished asset, providing a haven for relaxation, […]
When a “Good Year” Still Feels Tight You finally have a year where sales are up and the books show a profit—yet your bank account feels like it missed the memo. You’re working harder than ever, but cash seems to disappear the moment it hits your account. If that sounds familiar, you’re not doing anything […]
November 2025 Business Due Dates November 10 – Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2025. This due date applies only if you deposited the tax for the quarter in full and on time. November 17 – Social Security, Medicare and Withheld Income Tax If you are […]
Article Highlights: Executive Order The Impetus Behind the Transition Challenges Facing Unbanked Taxpayers Proposed Solutions and Alternatives In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has announced the gradual phasing out of paper tax refund checks starting September 30, 2025, as […]
Article Highlights: Qualified Tuition Plans Employer Payments Paying Principal vs. Interest Public Service Loan Forgiveness Income-Driven Repayment Plans State-Level Programs Death or Disability Forgiveness Paying off student loans can be a significant challenge for many graduates. However, leveraging tax-advantaged strategies can alleviate some of this burden. In this article, we’ll explore various tax opportunities to […]
The IRS is going through what you might call an identity crisis. Thousands of employees have been laid off right in the middle of tax season, including auditors, tech staff, and even customer service reps. Throw in yet another commissioner swap and a partial reset on their modernization plans, and you’ve got a recipe for […]
Article Highlights: Draft List of Occupations: Beverage & Food Service Entertainment and Events Hospitality and Guest Services Home Services Personal Services Personal Appearance and Wellness Recreation and Instruction Transportation and Delivery Eligibility Requirements Deduction Limitations Other Considerations On September 2, 2025, the Treasury Department released a draft list of 68 occupations eligible for the new […]
The cost of college is enough to make any parent’s stomach flip. Tuition, room, board, fees—it adds up fast. But here’s what most families don’t realize: you don’t have to shoulder it all on your own. There are multiple funding layers available—from proactive savings tools like 529 college savings plans, to federal and state grants, […]
Your team’s remote. They’ve got internet bills, home office gear, maybe extra phone costs. And you—being the good boss you are—want to cover those costs. But here’s the catch: how you reimburse them changes everything. There are really only two paths: Path 1: The “Easy” Way — Taxable Reimbursements You write a check or run […]