Newsletter

Skip filing? The IRS might do it for you, and it will not include your deductions or credits. Act fast before penalties hit.

Trading services or goods? That counts as taxable income. If you barter, the IRS expects you to report it just like cash.

Filed wrong? Some tax mistakes mean you need to amend. Others do not. Here’s how to know when it’s worth fixing.

Shutting down? You still have to file final returns, issue paychecks, and handle taxes. Don’t miss key steps or risk IRS penalties.

Hire a housekeeper or babysitter? You might owe payroll taxes, even if they’re part-time. Learn the wage threshold, exemptions, and how to report it.

Company events can be fun and fully deductible. If you invite your whole team and keep it reasonable, the IRS may let you write off the entire cost. Just don’t forget to keep receipts.

Summer day camp costs might earn you a tax credit. If you’re working while the kids play, you could get up to $3,000 or more back. Overnight camp doesn’t count but daytime fun does.

Getting married means new tax moves. Update your name, adjust your W-4, and decide how to file. Here’s how to make sure your new status doesn’t come with surprise tax drama.

529 plans offer serious tax benefits while helping your kids or grandkids cover school costs. From tuition to Roth IRA rollovers, these plans now go way beyond just college.

Every business owner needs an exit plan. From family succession to buy-sell agreements to ESOPs, explore your options to protect your future and get top dollar when it's time to step away.

Learn the difference between cash and accrual, how new rules expand cash method access, and how to choose the one that could save your business the most at tax time.

Thinking of bringing your spouse on a business trip? This post breaks down what you can and can’t deduct. If your spouse is an employee with a real business role, many costs may be deductible. If not, you can still deduct your portion, just not their added costs. Learn how to stay compliant and save where it counts.

Filed your 2024 tax return? Don’t relax just yet! This post covers 3 things to keep in mind post-filing: how to check your refund, what to do if you forgot something, and how long to keep your tax records. Stay informed and avoid future issues with these simple tips.

Misclassifying employees as independent contractors can lead to hefty back taxes, penalties, and legal issues, including unpaid wages, benefits, and insurance. Proper classification is based on behavioral, financial, and relationship factors, not location or contracts. Don’t let confusion cost you, review your worker status decisions carefully and seek expert advice to avoid expensive consequences.