Articles
What’s in the news.
Guidance for Employees to Claim Qualified Tips & Qualified Overtime Compensation
Starting in 2025, employees can deduct a certain amount of their Qualified Tips and Qualified Overtime Compensation. These deductions reduce taxable income, and you do…
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The One Big Beautiful Bill Act (OBBBA) includes temporary tax deduction for overtime pay.
The One Big Beautiful Bill Act (OBBBA) includes a new temporary federal income tax deduction for overtime pay. Starting in 2025 and lasting through 2028,…
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Top 5 Questions to Ask Before Hiring a CPA
Whether you’re launching a startup, expanding operations, or simply trying to make tax season less stressful, hiring the right Certified Public Accountant (CPA) can be…
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NEW DEDUCTION ALERT FOR SENIORS
We love when the tax code gives our clients a reason to smile! If you’re 65 or older, this new deduction might brighten next year’s…
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R&D Tax Credit
The OBBBA R&D Tax Credit means the option to fully expensing domestic research and development costs in lieu of capitalization starting in the 2025 tax…
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Bonus Depreciation
Now may be the time to buy! 100% bonus depreciation is restored! The ability to fully expense fixed asset purchases acquired and in use after…
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SALT Shaker Alert: Bigger Deductions Ahead
Some good, salty news for taxpayers! The One Big Beautiful Bill Act (OBBBA) spices things up for individual taxpayers by increasing the State and Local…
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Why Outsourcing Bookkeeping Could Be Smart for Your Business
Running a business is no small feat, especially when you’re trying to juggle sales, operations, staffing, and the never-ending demands of financial management. For many…
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President Signs Sweeping Reconciliation Bill (OBBBA)
One day after the House voted 218 to 214 3 to approve the Senate-passed reconciliation bill, on July 4th President Trump signed into law H.R. 1…
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