Featured Posts
Read our expert tax tips, business best practices and more.
Recent Insights
Secure 2.0 Act
The Secure 2.0 Act of 2022 was signed into law on December 29, 2022. The act is a continuation of the SECURE Act of 2019. The new law addresses retirement provisions and is designed to help taxpayers save more for retirement. Updates to Required Minimum...
Crypto Tax 101
Over the last few years, investing in virtual currencies (“cryptocurrency” or “crypto”) has become very popular. The IRS defines a virtual currency as a form of property and refers to virtual currency as a medium of exchange. There are various types of transactions...
Can you deduct your home office?
As a small business owner, you may be eligible to claim the home office deduction on your tax return. This deduction allows you to claim a portion of your home expenses as a business expense, which can lower your taxable income and save you money on your taxes. ...
Preparing for Tax Season
Tax season is here! It's important to start preparing now and to know your deadlines to ensure a smooth and stress-free filing process in the months ahead. Know Your Deadlines It's important to be aware of the various tax deadlines that apply to you and/or your...
Is your small business accounting-ready for tax season?
As a small business owner, it's important to stay on top of your accounting and financial records throughout the year. Up-to-date records help you review your business in real time and keep a pulse on the bottom line. Solid financial data helps to ensure a smooth tax...
A Short Guide to Adjusting Your Tax Withholding: Are You Over- or Underpaying Taxes?
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if you owe...