SALT Deduction Basics The State and Local Tax (SALT) deduction has been a hot topic since the Tax Cuts and Jobs Act of 2017 introduced a...

Bonus depreciation has long been a valuable tool for business owners looking to reduce taxable income by accelerating deductions for...

The sweeping tax package known as  The One Big Beautiful Bill  proposes major changes to income tax rates, deductions, and business...

The “One Big Beautiful Bill” is aiming to ease the burden for working Americans and retirees. Passed on July 4th, this legislation...

Moving to a new state might sound as simple as hiring movers, but for tax purposes, it’s far more complex. Failing to properly cut ties...

Why the IRS Withholding Estimator Is the Smartest Tool You Aren’t Using!

June marks the halfway point in the year! Here's why summer is the smartest time to check in on your business finances.

May 15 is a critical IRS deadline for tax-exempt organizations. Not sure what forms apply to you or how to avoid common filing mistakes? Here's what you need to know before time runs out.

The federal gift and estate tax is a tax on assets you pass on, either during your lifetime or after death. Right now, thanks to...

Turn Chores into Tax Breaks: Are you missing out on one of the most overlooked tax strategies?

The IRS has announced automatic tax extensions for individuals and businesses in parts of 12 states impacted by declared disasters. If...

In today’s business landscape, energy efficiency is more than just an environmentally responsible choice—it’s also a smart financial...

Starting January 6, 2025, Pennsylvania business owners will need to comply with a new state-mandated Annual Report  filing. This change...

The Earned Income Tax Credit (EITC) is a significant federal tax benefit designed to support low- to moderate-income workers by reducing...

Flexible Spending Accounts (FSAs): Contribution Deadline: Typically, you must use the funds in your FSA by December 31 of the plan year....

As we move past the 2024 election season, business owners and individuals alike are watching closely to see how the outcomes could shape...

When running your own business, it’s critical to understand which expenses are deductible and how to properly manage them. One key rule...

Maintaining your professional license is essential as a business owner, but it doesn’t have to keep you confined to the office. You can...

Choosing between W2 and 1099 employment is a significant decision that can impact your financial health and career satisfaction. Each...

This guide will go over the best ways to maximize meal deductions as a self employed individual.