Insights - LittleOwl CPA

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.

Georgia Tax Credit Guide

Georgia has tax credit programs in place for Georgia residents to re-direct their tax dollars to programs of their choice. Tax credits give you a “dollar for dollar” benefit which means a $1 tax credit is equivalent to paying $1 in Georgia taxes. Review our tax credit...

One Big Beautiful Bill: What Families Need to Know

The H.R. 1: One Big Beautiful Bill was signed into law by President Trump on July 4, 2025. This bill brings long-awaited clarity and permanence to key provisions of the Tax Cuts and Jobs Act (TCJA), while introducing new measures aimed at middle-class working...

Founder Tabitha Regan Guest Stars on ASBN’s The Roadmap

February 19th, 2025 - Atlanta, GA LittleOwl CPA's founder Tabitha Regan, CPA/PFS, CFP® was interviewed this week by America's Small Business Network's Lee Heisman on the hit show The Roadmap, a show aimed at informing small business owners on the entrepreneurial...

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Recent Insights

Top 8 Factors to Consider When Married Filing Separately

by Blessing Obasuyi | Aug 19, 2025 | Individual Tax, Tax Planning

While Married Filing Jointly (MFJ) is often the default for married couples, there are strategic scenarios where Married Filing Separately (MFS) can offer distinct advantages especially for earners managing complex financial portfolios, risk exposure, or long-term...

Home Sales & Capital Gains: Expert Tips on Navigating Selling Your Home

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...

Business Vehicles & Taxes: Your Frequently Asked Questions

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...

Cash vs. Accrual Accounting: What Every Business Owner Should Know

by Blessing Obasuyi | Jul 22, 2025 | Accounting, Small Business

If you’re a small business owner trying to understand your finances, you’ve probably heard the terms cash basis and accrual basis thrown around. But what do they really mean? This blog breaks down the cash vs. accrual common arguments in everyday language so you can...