NEWS & UPDATES

The Internal Revenue Service today announced that the nation’s 2025 tax season  will start on Monday, Jan. 27, 2025.

As a business owner, understanding your tax obligations is crucial to maintaining compliance and avoiding potential penalties. For those...

Running a business involves several responsibilities, one of which is understanding and paying your due taxes. If you operate a business...

This time of year can be incredibly stressful between year-end closing and navigating the holiday season... so I’m going to make sure...

There’s no good news here. You’re basically out of luck. Cryptocurrency has become increasingly popular in recent years, with its...

Remember that pesky little new filing required by FinCEN for businesses organized via a state registry (LLCs & Corporations) called the...

If you’re operating a business, I highly suggest obtaining an EIN (Employee Identification Number). What is an EIN? An Employer...

Every week I think it can’t get worse, and it does. Amad the Marketer is out here telling all the innocent taxpayers on TikTok that the...

The Employee Retention Credit (ERC) was a vital lifeline for many businesses during the pandemic's economic uncertainty. The IRS has...

I can’t emphasize enough what a great announcement this is. Gone are the days of paper forms and endless phone calls when managing your...

This one goes out to S-Corp owners. We all know the IRS likes their hot little hands on your money during the year, and thus if you’re...

Much (I believe) to the chagrin of H&R Block and Intuit, IRS is piloting a direct-file program in 2024 for relatively simple taxpayers...

The Internal Revenue Service (IRS) has announced several changes and adjustments related to retirement contributions and limits for the...

We are now in the final two months of the year. Since most of the year is over, now is a great time to schedule a tax planning session,...

Let's face it, owning investment property is a fantastic way to build wealth. But what if you could tap into even more hidden value while...

A 1031 Exchange is an exchange of property you can do when trading one investment property for another, and allows you to defer any gain...

Every couple weeks I come across a content creator who lists the best states to organize their business in, with one of the pros of...

For years, the image of an IRS agent knocking on your door unannounced has struck fear into the hearts of American taxpayers. In a huge...

There is a lot of confusion about how the gift tax works. Essentially, if you gift money to another individual, you can give up to $17k...

Oh really….another newsletter? How interesting can accounting and tax updates really be? Yes friends, that is right. We have another...