by Anandi Seetharaman | Aug 8, 2025 | Family, Individual Tax, Tax Planning
Whether it’s your primary residence or second home, selling a house can lead to major tax liabilities. The sale of your home may be taxable, depending on whether you realize a capital gain (profit) from the sale and whether you meet certain conditions for excluding...
by Anandi Seetharaman | Jul 22, 2025 | Accounting, Small Business
It’s one of our most frequent questions among our clients: is a business vehicle tax deductible and how does tracking expenses work? Using a vehicle for business purposes can unlock various tax benefits for business owners and self-employed individuals if they...
by Anandi Seetharaman | Feb 4, 2025 | Individual Tax, Tax Planning
The tax year 2024 adjustments apply to income tax returns filed in 2025. Revenue Procedure 2023-34 provides detailed information about these annual adjustments. The main highlights and most important changes changes are listed below. The Standard Deduction The...
