Blogs
“No Tax on Tips”: A Quick Guide for Tipped Workers
Starting in 2025, many employees and self-employed individuals who earn tips can benefit from the new “No Tax on Tips” deduction. Here’s what you need to know in simple terms: Who Qualifies? You mus
Read More →
The New SALT Deduction: What Taxpayers Need to Know
The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, brings some of the most significant changes to the federal tax code in years. One of the headline changes is to the state and loca
Read More →
1099-NEC News for 2025 and 2026—What Every Business Owner Needs to Know!
Form 1099-NEC is used to report payments you make in the course of business to independent contractors, freelancers, or other non-employees. Here’s what you need to know for the 2025 and 2026 tax year
Read More →
Big Changes to Charity Deductions Coming in 2026: What the OBBBA Means for Your Taxes
The One Big Beautiful Bill Act (OBBBA) brings big changes to how you can deduct charitable donations on your taxes, starting in 2026. Above the Line: First, if you don’t itemize deductions and usual
Read More →
Say Goodbye to Paper Checks
Say Goodbye to Paper Checks: IRS Moves to All-Electronic Tax Refunds in 2025 Starting September 30, 2025, the IRS began phasing out paper tax refund checks for individual taxpayers. This means that,
Read More →
Don’t Miss Out: Energy Tax Credits Ending December 31, 2025 Under the OBBBA!
The One Big Beautiful Bill Act (OBBBA) made big changes to two popular energy tax credits: the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. Here’s what homeowners
Read More →
Understanding NY’s “Manual Worker” Rule: Why Some Employees Must Be Paid Weekly
Did you know that under New York Labor Law § 191, certain employees — known as “manual workers” — must be paid weekly, not biweekly or semi-monthly? This rule often catches small business owners off g
Read More →
Understanding the IRS Taxpayer Bill of Rights: What Every Taxpayer Should Know
When dealing with the Internal Revenue Service (IRS), every taxpayer in the United States is protected by a set of fundamental rights. These rights, collectively known as the Taxpayer Bill of Rights (
Read More →
What Is the IRS Taxpayer Advocacy Panel (TAP)?
As a CPA firm owner, I am committed not only to serving our clients with excellence in tax, bookkeeping, and business advisory services, but also to giving back to the broader taxpayer community. One
Read More →
A Valuable Tax Benefit for Retired Public Safety Officers
A Valuable Tax Benefit for Retired Public Safety Officers If you’re a retired police officer, firefighter, or served in another qualified public safety role, and you receive a government pension, th
Read More →
Tax Considerations When Selling Stocks or Cryptocurrency
Selling investments like stocks or cryptocurrency can trigger a variety of tax consequences—some favorable, others less so. Whether you're rebalancing your portfolio, cashing out gains, or harvesting
Read More →
7 Quirky Tax Facts You Never Knew
Let's face it, taxes aren't exactly the life of the party. Yet, as much as taxes might stir up feelings of stress and looming deadlines, peek behind the curtain and you'll find a surprisingly quirky s
Read More →
Mid-Year Tax Planning Tips for Business Owners
Review Your Year-to-Date FinancialsMid-year is the perfect time to take a fresh look at your income and expenses. Run a profit and loss statement to compare your current performance against last year
Read More →
What the OBBBA Means for Individual Taxpayers: Key Changes Explained
The One Big Beautiful Bill Act (OBBBA), signed into law in 2025, brings sweeping changes to the U.S. tax landscape for individuals. Whether you’re a wage earner, a parent, a retiree, or a small busine
Read More →
How to Read and Interpret Your Financial Statements
Understanding your financial statements isn’t just for your accountant—it’s essential for any business owner who wants to stay in control, make smart decisions, and grow with confidence. These reports
Read More →
How to Use Tax Projections to Avoid Surprises
No one likes an unexpected tax bill. A well-timed tax projection can help you avoid unpleasant surprises and make smarter financial decisions before the year ends. What Is a Tax Projection? A tax proj
Read More →
5 Key Benefits of Outsourcing Payroll & Bookkeeping
Starting and running your own business is a rewarding journey filled with moments of triumph. However, the demands of entrepreneurship can quickly become overwhelming, especially when you're bogged do
Read More →