New Law, New Tax Strategy: Time to Plan Ahead

After months of debate, the One Big Beautiful Bill Act (OBBBA) has become law, bringing sweeping changes to the U.S. tax code for both individuals and businesses. Below is a breakdown of a few of the most significant provisions, along with actionable planning insights. We will be providing a much deeper dive into this bill in the coming weeks.

Is Your Business Ready for the New Tax Bill? 5 Moves to Make Now

The Senate is currently in a marathon “vote‑a‑rama” phase, reviewing hundreds of amendments to the “One Big Beautiful Bill” (OBBBA) passed by the House in May. That means significant changes remain possible before a final Senate vote—expected this week—followed by a return to the House and, ultimately, the President’s signature.

Don’t Wait Until Tax Season: 5 Year-Round Tax Strategies for Small Business Owners

If your approach to taxes starts and ends in the first quarter of the year, you may be missing out on significant opportunities to reduce your tax bill, improve your cash flow, and make smarter financial decisions.

House Passes Sweeping Tax Bill: Key Takeaways for Individuals and Businesses

On May 22, 2025, the U.S. House of Representatives narrowly passed a comprehensive tax and spending bill, often referred to as the "One Big Beautiful Bill Act." This legislation encompasses significant tax reforms and spending measures. The bill now advances to the Senate, where it faces potential revisions and debates.

How Your Child’s Summer Job Can Translate to Tax Savings

With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on the payroll? This move can help you save on family income and payroll taxes, making it a win-win situation for everyone!

1099 vs. W-2: Tax Implications for Freelancers, Contractors, and Employees

When it comes to employment and taxes, the distinction between a 1099 independent contractor and a W-2 employee is crucial. Each classification carries different tax responsibilities, benefits, and potential drawbacks. Understanding the implications can help you make informed financial decisions, whether you’re a worker choosing between roles or a business deciding how to classify your workforce.

Sales Tax Compliance in 2025: Staying Ahead of New Rules and Regulations

Sales tax compliance continues to evolve, with new rules and regulations emerging at both the state and federal levels. Businesses selling across multiple states—whether through e-commerce or brick-and-mortar locations—must stay ahead of changing requirements to avoid penalties and costly audits.

The Latest BOI Update for US Companies

There has been , yet again, another significant update regarding Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report BOI to FinCEN.

Do You Have an Excess Business Loss?

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 tax situation.

How the Latest Tax Law Changes Could Impact Your 2024 Tax Return

Tax season is here, and if you’re preparing to file your 2024 return, you’ll want to be aware of recent tax law changes that could impact how much you owe or how much you get back in refunds. From adjustments in tax brackets to changes in deductions and credits, here’s a breakdown of key updates to consider when filing this year.