2025 Tax Year Updates: How IRS Adjustments Impact Your Taxes
As part of its annual inflation adjustments, the Internal Revenue...
Read MoreHow to Avoid Double Taxation: Essential Strategies for 2025
Double taxation occurs when the same income is taxed by...
Read MoreClaiming Bad Debt Loss Deductions: What You Need to Know
When it comes to deducting bad debt losses, individual taxpayers...
Read MoreCelebrating 50 Years of the Earned Income Tax Credit: What It Means for You
As of March 29, 2025, the Earned Income Tax Credit...
Read MoreThe Role of CPAs in Scaling Your Business
When you’re ready to take your business to the next...
Read MoreTax Benefits of Hiring Your Child
Does your child have odd jobs, work in entertainment, or...
Read MoreThe Domestic Production Activities Deduction (DPAD): A Valuable Benefit for Contractors, Architects, Movie Makers, and Manufacturers
Don’t miss out on this 9% deduction just because it...
Read MoreReporting Obligations for Foreign Gifts. What You Need to Know.
If you are a U.S. taxpayer who has received a...
Read MoreHow to Minimize Taxes for Your LLC or S-Corp
As a business owner, minimizing your tax liability is a...
Read MoreFirst Quarter Tax Filing: Key Deadlines & Tasks for Business Owners
As the first quarter of 2025 draws to a close,...
Read More10 New California Laws to Consider in Your 2025 Tax Planning
As we step into 2025, California is implementing several new...
Read MoreDeductions Not Subject to the 2% Limit
The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated...
Read MoreThe Tax Consequences of Gambling in 2025
Gambling is both a recreational activity and, for some, a...
Read MoreDon’t Miss Out on Over $1 Billion in Unclaimed Tax Refunds: Act Now Before April 15 Deadline
IRS Urges Taxpayers to File 2021 Returns and Claim Refunds...
Read MoreIRS Announces Interest Rates for the Second Quarter of 2025: What It Means for Taxpayers
IR-2025-29, March 6, 2025 The Internal Revenue Service (IRS) has...
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