Tax

05/06/2025

SEP and SIMPLE Retirement Plans May Be Great for Your Small Business

Operating a small business? Consider opting for a SEP or SIMPLE retirement plan. Are you looking for a way to...

post

Business

05/06/2025

New IRS 1099 E-Filing Rules for 2025: Avoid Penalties with TIN Matching

IRS 1099 e-filing rules are changing for the 2025 filing season. Here’s what small businesses need to know. The IRS...

post

Business

04/14/2025

An essential tax deadline is coming up tomorrow — and it’s unrelated to your 2024 return filing

First Quarterly Estimated Tax Payments Due April 15 Tuesday, April 15 is the deadline for filing your 2024 tax return,...

post

Tax

03/04/2025

Tax Implications to Consider Before Retirement

Retirement is an opportunistic time to be with family, travel or simply enjoy some hard-earned time off. Yet there are...

post

Tax

02/26/2025

IRA Withdrawals: Everything You Need to Know when the Time Calls

At the age of 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —...

post

Tax

02/25/2025

Looking Ahead to the 2025 Tax Season

As you begin to collect documents for your 2024 return, now is a good time to also plan for next...

post

Tax

02/05/2025

Prepare for Potential Long Waits this Tax Season

Recent executive orders from the new administration have introduced significant changes within federal agencies, and the Internal Revenue Service (IRS)...

post

Tax

02/03/2025

Accounting for Excess Capacity

In manufacturing, efficiency is everything. But what happens when production slows, and excess capacity emerges? For manufacturers, optimal capacity is...

post

Business

01/24/2025

Fundamentals of IC-DISC

What is an IC-DISC? An IC-DISC, or Interest Charge Domestic International Sales Corporation, provides extensive Federal income tax savings for...

post

Business

01/22/2025

Super Catch-Up Contributions

Most of us are familiar with 401(k) plans and Simple IRA plans and their benefits for reducing taxable income and...

post

Tax

01/17/2025

2025 IP PINs are now available on IRS ID.me Accounts

An Identity Protection Personal Identification Number (IP PIN) is a six-digit number assigned by the IRS to prevent tax-related identity...

post

Tax

01/15/2025

Weighing Pros and Cons of Operating as a C Corporation

When starting a business one of the most important decisions to make is your entity’s structure. One common entity structure...

post

Business