ARTICLES

If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.

The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.

File early to protect against tax identity theft and get a faster refund. Deadline: April 15 for individuals, March 17 for S-Corps/Partners.

Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.

2025 tax changes: higher deductions, $23,500 401(k) limit, $176,100 Social Security wage base, $19,000 gift tax. New tax laws may follow.

The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.

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.

Remote work can cause double taxation and multi-state tax obligations. Employees and employers must be aware of these potential tax issues.

By 2026, the IRS plans to increase its audit efforts. Stay prepared with organized records and be ready to address any red flags.

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!

Partnerships and LLCs offer pass-through taxation, special allocations, and must plan for tax liabilities with proper agreements.

Your business may qualify for cash or accrual accounting. Each has benefits—contact us to find the best tax method for your situation!

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.

Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.

Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.

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.

Closing a business involves several tax & administrative responsibilities. Access a breakdown of key steps business owners should follow.

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.

The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.

Caring for an elderly relative brings many personal rewards, and you might also be eligible for tax breaks. Here are four to consider.