Trump’s 2024 Tax Plans: Ten Proposed Cuts and Their Impact

Donald Trump’s campaign has introduced ten tax cut proposals, ranging from tax breaks for car loan interest to a lower corporate tax rate. Here's an o...

New Benefits for 529 Plans: More Flexibility for College Savings

A new law effective in 2024 allows unused 529 plan funds to be transferred to a Roth IRA, providing more flexibility for college savings. Here’s what...

Harris and Trump: A Tax Debate

Kamala Harris and Donald Trump present opposing views on corporate tax rates but agree on eliminating federal taxes on tips. Discover how these plans...

Understanding Tax Implications of the Share Economy: Part 2

Learn how to report income and expenses for short-term and long-term rentals in the share economy. Discover the differences between active and passive...

Navigating the Tax Landscape of the Gig Economy: Part 1

Explore how gig economy income is taxed, the differences from traditional employment, and how to manage tax obligations effectively.

Understanding Beneficial Ownership Information (BOI) Reporting: Facts Over Fear

Uncover the truths behind Beneficial Ownership Information (BOI) reporting, dispel the myths, and learn how it impacts small business owners and tax p...

Minimum Wage Changes Coming July 1, 2024

On July 1, 2024, multiple states and local jurisdictions will implement new minimum wage rates. Learn about these changes to stay compliant and inform...

Understanding Cost Segregation Studies: A Guide for Taxpayers

Discover how cost segregation can enhance your cash flow and reduce tax liability by accelerating depreciation deductions on your real estate investme...

Safeguarding Your Multi-Business Strategy from IRS Scrutiny

Learn how to navigate IRS rules and protect your multi-business strategy with cautionary tales and practical wisdom from the Aspro Inc. case.

In the...

Navigating CalSavers: A Guide for Small Business Owners in California

Learn how the CalSavers program affects small businesses in California, including upcoming changes in 2025, registration details, and compliance tips...

Navigating the New Waters: Understanding the Impact of Expanded Reporting Requirements on Digital Asset Transactions

The recent expansion of Form 8300 reporting to include digital assets marks a significant shift, stirring discussion among investors. Here's what you...

Navigating the Waters of Estimated Taxes: How to Avoid Penalties

Understanding the "pay as you go" tax system is crucial for taxpayers. Avoid estimated tax penalties by meeting IRS requirements—here's how.

Preparing for the 2026 Tax Changes: What You Need to Know Now

As the 2026 deadline approaches, key provisions of the Tax Cuts and Jobs Act are set to expire. Understanding these changes and planning ahead can hel...

Own a Small Business? Start Preparing Now for This New Reporting Regulation

The new BOI reporting regulation exempts certain large operating companies starting Jan 1, 2024. Discover if your small business needs to comply and w...

Navigating Tax-Savvy Giving: Understanding Qualified Charitable Distributions (QCD)

Explore the world of Qualified Charitable Distributions (QCDs) – a smart strategy for retirees over 70 ½ to give to charity while potentially reducing...