Tax

01/14/2025

Tax Relief for California Wildfire Victims

The IRS has announced new tax relief measures for individuals and businesses impacted by the wildfires and straight-line winds that...

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Business

01/02/2025

Updated IRS Standard Mileage Rates Issued for 2025

As the 2025 tax year winds down, the IRS has provided the new standard mileage rate for 2025 business miles....

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Business

01/02/2025

How to Manage Your Medicare Premiums: Part B & Part D

Medicare health insurance premiums can add up, but by planning ahead at tax filing time can save you money in...

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Tax

12/24/2024

Breaking: Corporate Transparency Act BOI Requirements Reinstated; Updated Deadlines

Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...

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Business

12/13/2024

Year-End Tax Planning: Tax credits for Energy Efficiency and EVs

The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. If you have...

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Tax

12/13/2024

Charitable Donations from Your IRA: A Tax-Saving Advantage for Seniors

Have you reached the age of 70½ and are looking for ways to save on tax? If so, qualified charitable...

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Tax

12/04/2024

Breaking: Texas Court Ruling Puts a Temporary Stoppage of Corporate Transparency/BOI Filings

Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...

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Business

11/26/2024

Small Businesses – Important Filing Requirement !! New Rules Require Beneficial Ownership Reporting to FinCEN

Update 2/18/25 : BOI reporting is back on. The US District Court granted a stay in the Smith v US...

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Business

11/26/2024

Deductibility of Interest

Not all interest that an individual pays is deductible. The rules for deducting interest vary, depending on whether the loan...

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Tax

11/15/2024

A Manufacturer’s Guide to the R&D Tax Credit

The Research and Development Credit (R&D) can be a very beneficial tax credit for manufacturers and a wide range of...

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Business

11/14/2024

IRS TIN Matching Service Can Save You Time & Money

The IRS requires payors who remit payments to vendors (ex. self-employed contractors) to obtain a name and tax ID number...

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Business

11/14/2024

IRS Implements Changes to Increase Accuracy of 1099 Filings

For years the IRS focused on the accuracy of W-2s in reporting income. Employers were required to have an employee...

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Business