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 […]
October 2025 Individual Due Dates October brings cooler weather and key tax dates. If you filed for a 6-month extension, October 15 is your last chance to submit your 2024 Form 1040 and pay any tax due—don’t miss it. October 10 – Report Tips to Employer If you are an employee who works for tips […]
Article Highlights: October 15, 2025, is the extended due date for 2024 federal 1040 returns. Late-filing Penalty Interest on Tax Due Other October 15 deadlines If you could not complete your 2024 tax return by April 15, 2025, and are now on extension, that extension expires on October 15, 2025. Failure to file before the […]
As your financial partner, our focus isn’t just on preparing your taxes — it’s on helping you grow your business and protect your cash flow. And right now, one of the biggest threats we see isn’t on your balance sheet. It’s online. In 2025, an outdated website doesn’t just look behind the times — it […]
Qualified Small Business Stock (QSBS) offers a compelling tax advantage for investors aiming to support small business ventures. Introduced as a part of the Revenue Reconciliation Act of 1993, QSBS enables investors to exclude a considerable portion of their capital gains from taxable income under Section 1202 of the Internal Revenue Code or to elect […]
Starting a business is more than revenue and expenses—it’s about knowing what you truly own, what you owe, and what your venture is worth. That’s where a balance sheet comes in: a snapshot that tells the story of your business’s financial condition in a single glance. Why Every Business Needs a Balance Sheet A Clear […]