Important Tax Deadlines
2025 individual quarterly estimated Federal tax payments are due June 16, 2025, September 15, 2025, and January 15, 2026 for the remainder of the tax year. The extended business tax deadline is September 15, 2025 and the extended individual tax deadline is October 15,...
The Fairness Act and Lump-Sum Social Security Payouts
This January, the Social Security Fairness Act (SSFA) was signed into law, repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These repealed provisions had previously reduced Social Security benefits for some public-sector...
Starting a new business venture? Let’s find the best entity for you!
Choosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity you select can have significant implications for liability, taxation, and the overall management of your business. In this article, we will explore the...
Making the Most of Your Small Business Tax Deductions
We’ve seen firsthand how optimizing your tax deductions can create real, measurable benefits for your business. With inflation driving up expenses and economic uncertainty still lingering, small business owners need every strategic advantage they can get. That...
Retiring Soon? Don’t Make These Common Mistakes!
You did it, you worked hard, saved consistently, and now you're either enjoying retirement—or it's just around the corner. You’ve been told for years to put money into retirement accounts, defer taxes, and wait for the golden years. But wait… no one told you?...
The IRS is Transitioning to Digital Payments, here is what it means for you!
The transformation towards an entirely electronic payment system by the Federal Government represents a significant shift aimed at increasing efficiency and security while reducing costs. This initiative, mandated by a recent...
Essential Tax Credits For Families
Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things new parents need to know. To begin with, for parents to take advantage of most of the child-related tax...
Mega Backdoor Roth IRA Strategies
A Roth IRA is a great way for employees and others with earned income to grow wealth. The advantages include tax-free growth on money withdrawn after age 59½, assuming the account has been open for at least five years. Often high earners can’t contribute to a Roth...