2026 individual quarterly estimated Federal tax payments are due June 15, 2026, September 15, 2026, and January 15, 2027 for the remainder of the tax year. The extended S corporation and partnership business tax deadline is September 15, 2026 and the extended individual and C corporation tax deadline is October 15, 2026. In order to […]
How the OBBBA’s New Rules Can Slash Your Capital Gains Tax in 2027
The One Big Beautiful Bill Act (OBBBA) has fundamentally reshaped the tax-advantaged investment landscape by making the Qualified Opportunity Zone (QOZ) program permanent. For taxpayers sitting on significant capital gains in 2026, the strategy for when to sell and reinvest has shifted dramatically. Under the new OBBBA rules, waiting until 2027 to reinvest can unlock far superior benefits compared to the original framework.
Do you Qualify for Sports Expenses and Deductions for Your Child?
A child’s and their parent’s sports expenses, from registration fees and travel to equipment and volunteer time, sit at the intersection of personal, medical, charitable and business tax rules. For tax minded parents the key is sorting each cost into the correct box, documenting it carefully, and understanding the limited circumstances when a deduction or credit is available. This article walks through the major categories: possible child care treatment, charitable contributions and volunteer out of pocket expenses, medical expense exceptions, and when a child’s sport activity can be treated as a business.
Step-by-Step Guide on How to Tidy Up Your QuickBooks
If your QuickBooks feels a little… off, you’re not alone. Most business owners start the year strong, but by March or April, things begin to slip:
Transactions go uncategorized
Reports stop matching reality
“Ask My Accountant” quietly fills up
The good news? You don’t need a full overhaul. With a few focused steps, you can clean up your QuickBooks in a single afternoon and avoid bigger problems later.
3 Financial Habits to Track Growth as a Business Owner
Most business owners know their revenue.
But ask them this:
How long could your business survive without new revenue?
What’s your margin after delivering your work?
What percentage do you truly keep?
That’s where the pause happens. Because revenue feels like progress. But these three numbers? They tell you if your business is actually working.
As the IRS Updates Their Technology and Procedures, Taxpayers May See an Increase in Notices Issued
For a period of time, IRS activity felt quieter. Response times were longer. Enforcement felt less visible. Fewer taxpayers were hearing from the IRS directly. Many people got used to that environment. Now things are shifting. Not all at once, but steadily. More notices are being issued. More requests for clarification are being sent. More […]