How the New Trump Accounts for Children Will Work
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful…
Read More 
There’s Still Time to Set Up a SEP and Reduce Your 2025 Taxes
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one…
Read More 
Is Your Business Ready for the Tax Deadline That’s on Groundhog Day This Year?
Normally, businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But…
Read More 
Tax Filing FAQs for Individuals
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the…
Read More 
Not All “Business” Expenses Are Tax Deductible
With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time…
Read More 
More Individuals With Disabilities Will Be Eligible for Tax-Advantaged ABLE Accounts in 2026
Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar…
Read More 
Significant Changes to Information Reporting Go Into Effect for the 2026 Tax Year
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful…
Read More 
New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production…
Read More 
What You Need to Know About Deducting Business Gifts
Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits…
Read More 
Making the Most of the New Deduction for Seniors
For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000…
Read More 
5 Potential Tax Breaks to Know Before Moving a Parent Into a Nursing Home
Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a…
Read More 
Important Update: IRS Phasing Out Paper Checks by September 30, 2025
What This Means for Taxpayers As a result of a recent executive order (EO 14247), starting September 30, 2025, the IRS…
Read More