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A Postmark Change that Could Impact Your Tax Filings
Proposed USPS rules may affect when tax returns and payments are considered timely filed. Because postmarks may reflect processing dates rather than mailing dates, taxpayers should obtain in-person postmarks or use certified mail to protect filing deadlines.
What You Need to Know about Trump Accounts
The IRS has issued proposed regulations for Trump Accounts, a new savings vehicle for children. While similar to traditional IRAs, these accounts include unique contribution rules, investment limits, and tax considerations families should understand early.
Which OBBBA Changes Take Affect in 2026?
Beginning in tax year 2026, several significant federal tax changes enacted under the One Big Beautiful Bill will take effect, reshaping deductions, credits, and planning opportunities for individuals, families, and business owners. Many of these provisions are...
Tax Planning for a New Baby
Starting a family can be one of the most rewarding experiences of your life. On top of new responsibilities for your child’s physical and emotional wellbeing, it is important to think about their financial wellbeing early. Get a head start with a solid financial plan...
Dependent Care Tax Credits
With childcare costs continuing to rise, many working families are looking for ways to reduce their tax bill. One valuable opportunity is the Child and Dependent Care Credit, which can help offset the cost of caring for a qualifying child or dependent while you work...
The Augusta Rule: A Guide to Tax-Free Rental Income
The IRS doesn’t hand out too many tax breaks that sound too good to be true, but the Augusta rule might be one of them! A rental under 14 days may be the hack needed to reduce taxable income, but it comes with limits of course. The Origin Each year, since the 1970s,...
A Guide to the Chart of Accounts & How It Could Be Costing You Money
You're in your third year of business and fully immersed in serving your clients and growing your company. The numbers? They've taken a back seat. While you've hired an accountant to manage your books, you're not entirely sure what happens behind the scenes or why it...
Guide to Business Licenses
Starting a new business is exciting, but understanding the licenses, permits, and registrations required to operate legally can quickly become overwhelming. Many entrepreneurs assume registering an LLC or corporation is all that's required. In reality, most businesses...
Underestimating Expenses & Overestimating Profit: A $10,000 Bookkeeping Mistake
As a business owner, you rely on your financial statements to make important decisions. Whether you're applying for a loan, setting prices, hiring employees, or planning for taxes, the numbers in your books should tell the true story of your business. Unfortunately,...