For 2024, there were no major changes to federal tax law. In December 2022, the SECURE Act 2.0 was passed, which made many changes to...

The IRS has issued final regulations on the changes made to the required minimum distribution rules, as reflected by the SECURE Act of...

The Internal Revenue Service is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for...

The holiday season is a time of giving, and while the joy of gifting is often its own reward, there are ways to make your generosity even...

If you’re running a subscription-based business, you’re in the game of recurring revenue—a model full of potential for steady income but...

For many small businesses, the busy season means bringing in extra hands to keep operations running smoothly. Whether you run a retail...

Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...

The IRS is urging all taxpayers to sign up for an Identity Protection Personal Identification Number (IP PIN) for the 2025 tax season....

As we step into 2025, millions of Americans are set to experience a notable change in their Social Security benefits. The Social Security...

As we have previously shared , the deadline for compliance with the Corporate Transparency Act (CTA) is quickly approaching, and small...

Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...

The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including...

As our population ages, seniors increasingly become targets for a variety of scams. These fraudulent schemes can have devastating...

In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed...

As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This...

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...

A common question parents have is, “How might I save for a child’s post-secondary education in a tax-beneficial way?” The answer depends...

A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as...

Many parents who work or are actively looking for work must arrange for care of their children after the school day ends, on weekends...

Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in