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Steve Julal
Nov 20, 2024
Changes to the Social Security Wage Base for 2025
The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.
Steve Julal
Nov 6, 2024
Cash Gift Giving: The Tax Benefits
As 2024 comes to an end, consider tax free gifts to reduce taxes. Couples can give $36K ($18K for singles). 'Tis the gift giving season.
Steve Julal
Oct 24, 2024
The Tax Consequences to Working Remotely
Remote work can cause double taxation and multi-state tax obligations. Employees and employers must be aware of these potential tax issues.
Steve Julal
Oct 22, 2024
Prepare your Business for an IRS Audit
By 2026, the IRS plans to increase its audit efforts. Stay prepared with organized records and be ready to address any red flags.
Steve Julal
Oct 21, 2024
Understanding your Obligations: Does your Business need to Report Employee Health Coverage?
Employers with 50+ full-time employees must file IRS Forms 1094-C and 1095-C to report health coverage and avoid ACA penalties. Contact us!
Steve Julal
Oct 16, 2024
Partnerships and Multi-Member LLCs: Key Tax Considerations
Partnerships and LLCs offer pass-through taxation, special allocations, and must plan for tax liabilities with proper agreements.
Steve Julal
Oct 15, 2024
Cash or Accrual Accounting: What’s best for tax purposes?
Your business may qualify for cash or accrual accounting. Each has benefits—contact us to find the best tax method for your situation!
Steve Julal
Oct 11, 2024
Prepare for Potential Tax Law Changes: How Upcoming Elections Could Impact U.S. Business Taxes
The 2024 elections could change U.S. business taxes as key parts of the TCJA expire in 2025. Stay informed on potential tax law updates.
Steve Julal
Oct 9, 2024
Lower your Tax Bill with Year-End Tax Strategies
Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.
Steve Julal
Oct 8, 2024
Home Office Tax Deductions
Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.
Steve Julal
Oct 7, 2024
Using the Electric Vehicle (EV) Tax Credit
Electric vehicles are on the rise, boosted by a $7,500 tax credit. Check if you qualify and learn how to take advantage of this incentive.
Steve Julal
Sep 19, 2024
The Tax Responsibilities to Closing a Business
Closing a business involves several tax & administrative responsibilities. Access a breakdown of key steps business owners should follow.
Steve Julal
Sep 12, 2024
Are you Liable for Two Additional Taxes on your Income?
If your income is high, you may owe two extra taxes: NIIT and Medicare. They can increase your tax bill but plan ahead to reduce its impact.
Steve Julal
Sep 10, 2024
Year-End Tax Planning
The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.
Steve Julal
Aug 13, 2024
Available Tax Breaks when Caring for an Elderly Relative
Caring for an elderly relative brings many personal rewards, and you might also be eligible for tax breaks. Here are four to consider.
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