Supreme Court Rules on Nationwide Injunction on BOI Reporting
On Thursday January 23, 2025, the Supreme Court issued a stay on a nationwide injunction that had previously halted the enforcement of […]
Beware: The Dangers of Underpayment Penalties That Could Cost You Big This Tax Season
Tax planning is a crucial aspect of financial management, yet it often remains underestimated by many taxpayers. One area that frequently causes […]
What to Expect from Potential Tax Changes Under President Trump’s New Term — and How to Prepare
As tax professionals, we know that changes in leadership often bring shifts in tax policy, affecting everything from deductions and exemptions to […]
Managing Contractor Payments and 1099s the Easy Way with QuickBooks Online
The surge in self-employment and small businesses during the COVID-19 pandemic led to millions of new entrepreneurs, many of whom had to […]
How Qualified Small Business Stock Can Maximize Your Investment Returns
The Internal Revenue Code (IRC) Section 1202, often referred to as the Qualified Small Business Stock (QSBS) provision, offers a significant tax […]
Don’t Leave Money on the Table: Essential Tax Credits You Might Be Missing
Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can significantly impact […]