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The Senate just passed Trump’s new tax bill, and it includes a major change to the State and Local Tax
If you’ve been considering solar panels or other clean energy upgrades, 2025 may be your last chance to take full
As a tax professional committed to keeping you informed, I want to highlight important changes to minimum wage rates taking
The court lifted its injunction. That means the game is on for BOI reporting. The Financial Crimes Enforcement Network (FinCEN)
If you’re self-employed or a small business owner, the latest updates to Solo 401(k) plans could impact your retirement strategy.
According to new data from the Federal Trade Commission, consumers lost over $12.5 billion to fraud in 2024. Investment scams
Major tax reform is on the horizon, and your clients are facing unprecedented uncertainty about their tax future.
You generally have two paths to take these items as deductions: • Reimbursement: If your LLC or partnership reimburses you—provided
Are you a self-employed business owner or a single-member LLC with your spouse as your only eligible employee? Consider a
There are several scenarios in the crypto space where a taxable event is likely to occur. Some examples include: Understanding
Determining the decline of a property’s FMV due to a disaster can be the most complicated part of the casualtyloss
Businesses investing in R&D have been struggling since 2022, when full expensing was replaced with mandatory 5-year amortization (15 years
Did you know you can 𝗹𝗲𝗴𝗮𝗹𝗹𝘆 𝗽𝗮𝘆 𝘆𝗼𝘂𝗿 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 — and reduce your tax bill at the
It depends… but in some cases, yes, you actually can. 🐶💼 As a tax professional, I get this question more
By 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟱, all California employers with 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝗼𝗻𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 must comply with the state’s retirement savings mandate.
As of January 1, 2025, California’s Freelance Worker Protection Act is in full effect—and it’s a game-changer for any business
Keep these basic rules in mind when you work in and operate your business as a corporation: You are an
If you’re in the middle of an IRS audit and realize you’re missing receipts for some of the expenses they’re
As we move deeper into 2025, it’s crucial for business owners — especially those operating pass-through entities like partnerships and
On May 12, President Trump introduced a comprehensive tax proposal with significant implications for small businesses. Here are some of
Cryptocurrency has evolved from a niche asset to a mainstream investment, and many business owners and solo entrepreneurs are wondering:
As a business owner, you work hard for your money—why give more to the IRS than necessary? With smart tax
As a solo business owner operating under an S corporation, you have access to some powerful retirement plan options that
As a result of the Secure 2.0 Act passed in 2022, taxpayers may make penalty-free withdrawals from theirretirement accounts if