General Tax

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New Form 1099-K Threshold

Significant changes to the IRS's 1099-K reporting thresholds are in effect and affect anyone who uses payment apps or online marketplaces. Find out what these updates mean for you and how to navigate the new requirements.
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Travel Expenses Deduction

If you’re a small business owner, you want to take full advantage of travel expenses deductions that are allowed for business travel. They can reduce your taxable income. Safe travels and happy deducting!
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Should You Lease or Buy Your Next Business Vehicle?

Are you a business owner considering acquiring a vehicle and don't know if you want to lease or buy? Uncover the hidden costs and benefits of leasing and buying, and find out which one is right for your business.
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Business-Related Meal and Entertainment Expense Deductions

Business-related meal deductions can be valuable, but the rules can be complex. Under current law, your business can’t deduct most entertainment expenses.
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Maximize Real Estate Returns with a Cost Segregation Study

Want to make your real estate work harder for your financial goals? Explore the benefits of a cost segregation study; a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.
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Employer-Matching Retirement Contributions for Student Loan Payments

Did you know you can now match student loan payments with retirement contributions? Find out how this change can make your benefits package more competitive and appealing.
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Questions For Your CPA

Whether managing personal finances or running a business, it is important to have a list of questions to ask your CPA for informed decision-making.
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Maximizing Your 401k with New Catch-Up Limits

Take advantage of increased catch-up limits to 401k contributions beginning in 2025 for individuals aged 50-63. This includes the new super catch-up contributions put into place as a part of the Secure 2.0 Act legislation.
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Understanding the National Debt

The United States is grappling with an escalating national debt that now exceeds $35 trillion, a staggering burden with far-reaching economic implications. Explore the causes, current state, and potential solutions to this pressing issue, and understand what it means for our future. Read on to discover how it affects us
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Smart Year-End Tax Moves for Businesses

Year-end tax moves can help small business owners face crucial tax planning decisions that can impact their financial health. This article offers strategic insights to optimize your tax position before ringing in the new year.
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Year-End Tax Strategies for Individuals

As December 31 approaches, it's time to look at year-end tax strategies for individuals. You need to assess current tax situation, understand deductions, maximize retirement contributions and manage investment gains.
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IRS Releases Inflation Adjustments for 2025

The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various tax credits. Discover how the updates could affect your tax strategy and financial future.
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Understanding Taxes on Real Estate Gains

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought.
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Does Your Business Need to Report Employee Health Coverage

One crucial aspect of offering employee health coverage is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do?
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2025 401(k) Limit Increases

The IRS announced the 2025 401(k) limit increases and issued technical guidance on cost of living adjustments. Read more the see how these increases could affect you.
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