Contractors ask me this every year:“George, how long do I actually need to keep tax records?” Here’s the real answer

If you’ve ever missed an estimated tax payment, and your amounts owed were on the larger side, penalties can really

🎲 Tax law is changing for gamblers—casual and professional alike. Starting in 2026, the OBBBA limits gambling loss deductions to

⚠️ High earners: the AMT is coming back stronger. The Tax Cuts and Jobs Act gave most taxpayers relief from

Under current law, C corporations can deduct charitable contributions up to 10% of taxable income. But starting in 2026, a

The One Big Beautiful Bill Act (OBBBA) brings a change for many taxpayers by temporarily increasing the State and Local

The new One Big Beautiful Bill Act (OBBBA) locked in some important rules around mortgage interest and insurance: Mortgage interest

The OBBBA has introduced a new program that will provide financial support for children born between 2025–2028. Details are as

Before OBBBA: Under IRC §25C, homeowners could claim a credit equal to 30% of expenditures on qualified energy-efficient home improvements

Filing 1099s isn’t anyone’s favorite pastime, but changes are coming that could make your life easier as a business owner:

If you’ll be age 65 or older on December 31, 2025, the One Big Beautiful Bill Act (OBBBA) offers a

If you own a business and have children, the One Big Beautiful Bill Act (OBBBA) just made one of the

Starting in 2025, the One Big Beautiful Bill Act (OBBBA) gives business owners a no-new-cash-outlay way to unlock significant deductions.

Under recent legislation, the OBBBA has created additional depreciation opportunities for businesses. 💡 Key Highlights: 100% Bonus Depreciation Extended &

If your business was impacted by the civil unrest in LA County between June 6 – June 18, 2025, the

The Work Opportunity Tax Credit (WOTC) — a valuable federal incentive that rewards businesses for hiring individuals from targeted groups

If you’ve been eyeing an electric vehicle — or advising clients who are — now’s the time to act. Currently,

Under IRC §30C, businesses can currently claim a tax credit of up to $30,000 for installing eligible alternative fuel vehicle

The Employer Credit for Paid Family and Medical Leave (IRC §45S) has been an underused but powerful incentive for businesses

The IRS Code §45F is getting a powerful upgrade — and it’s a game-changer for businesses looking to support working

The IRS has quietly stepped up audits of small businesses and pass-through entities this year, especially targeting aggressive expense write-offs