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Accurate recordkeeping is more than just good business practice — it’s key to maximizing deductions and staying compliant. A recent Tax Court case shows how poor documentation can cost taxpayers thousands. Discover six practical ways to strengthen your recordkeeping system and safeguard valuable tax breaks.

Starting in 2025, certain workers may be eligible for new federal tax deductions on qualified tip and overtime income. These deductions, available through 2028, come with specific eligibility rules and reporting requirements for both employees and employers. While payroll taxes still apply, the changes may reduce taxable income for some workers.

Are you 65 or older and paying for Medicare or supplemental insurance? Learn how you may qualify for valuable tax deductions on premiums and other medical expenses.

Discover how the One Big Beautiful Bill Act (OBBBA) benefits small businesses with enhanced tax benefits production property starting in 2025.

Working a side gig? Learn how to manage taxes as an independent contractor — from tracking income and expenses to understanding self-employment tax and deductions.

Planning summer trip? Learn which business travel expenses are tax-deductible in 2025, including key rules for combining business and personal travel, meal limits, and documentation tips.

The One Big Beautiful Bill Act extends, adds, and ends key tax breaks. Learn more about how the changes may affect you.

Large business or rental losses in 2025 may be limited by IRS rules, including the Excess Business Loss cap of $313,000 (or $626,000 for joint filers). Understanding these limits is key to effective tax planning.

Small business owners: Cut your 2025 tax bill with deductions for heavy vehicles and home offices. Learn how to qualify and maximize your savings.

You can deduct capital losses to offset gains and reduce up to $3,000 of ordinary income each year. Losses beyond that can be carried forward. Be aware of the wash sale rule and special rules for claiming losses on worthless stocks.

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

Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.

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

Business party food & beverages may be 100% tax-deductible! Learn the rules for deducting business meals and entertainment expenses.

Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!

TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.

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.

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

If you donate valuable items to charity and wish to claim a tax deduction, you may need a gift appraisal. Here's what you need to know.