Business and Tax News
Don’t Rush Your Return: Why More Time Is Often the Better Choice
As the April 15 deadline approaches, rushing to file can lead to missed deductions and errors. Learn why taking additional time and filing an extension may help ensure a more accurate return.
What You Can Still Do Before the April 15 Tax Deadline
With the April 15 tax deadline approaching, there are still several steps taxpayers can take to prepare. From reviewing missing documents to making IRA or HSA contributions and understanding extension options, proactive preparation can help ensure a smoother filing process.
What Business Owners Should Know About the March 15 Tax Deadline
The March 15 deadline for S-Corporations and Partnerships is approaching. Learn what business owners should know and when filing an extension may make sense.
Why Filing an Extension Can Be a Smart Move
Filing a tax extension can provide additional time to gather documents and prepare accurate returns. Learn when extensions may be a smart move for businesses and individuals.
SALT Deduction Update: Could You Deduct More State Taxes?
Recent federal tax changes increased the SALT deduction cap for certain taxpayers. Learn how this may affect itemizing decisions for DMV households.
Nonprofit Financial Readiness: Practical Steps to Stay Compliant
Nonprofits can reduce compliance risk by strengthening internal controls, reconciling accounts regularly, and preparing Form 990 early.
What the One Big Beautiful Bill Act Means for Your 2025 Tax Return
Federal tax law continues to evolve, and the One Big Beautiful Bill Act (OBBBA) represents one of the most comprehensive updates since the Tax Cuts...
The 2026 Tax Season Cold Front: Navigating the January Intersection of Weather and Work
As late January 2026 brings a significant blizzard to the forecast, the accounting industry finds itself at a unique seasonal intersection. In the...
Maryland PTE Tax Update
Maryland’s PTE tax rules change in 2026. The “Resident Fix” allows significantly more federal tax savings for resident owners—but only if structured...
The Exit Strategy Audit
For many business owners, their company is their most valuable asset. You’ve spent years—maybe decades—building it from the ground up. But when it...
Should You Hire Your First Employee or Stay Solo?
Every successful small business owner eventually faces a key decision: continue managing all tasks alone, or hire the first employee to expand...
The Small Business Guide to $2.5M in Equipment Deductions
As your business grows, so does your opportunity for major tax savings. The recent tax law changes (the OBBBA) have created powerful incentives to...
Your 3-Step Plan for Stress-Free Finances Next Year
Step 1. Get Organized & Review Your Records The best defense against a stressful tax season is a strong offense. Use this post-tax lull to...
What is the 1099-DA?
The 1099-DA is a new tax form that digital asset brokers—primarily centralized exchanges like Coinbase and Kraken—are now required to send to you...
Major Tax Savings: A Guide to Immediate Business Write-Offs
Major Tax Savings: A Guide to Immediate Business Write-Offs As your business grows, so does your opportunity for major tax savings. The recent...
5 Accounting Blunders That Trip Up Businesses
1. Mixing Business and Personal FinancesThis is perhaps the most fundamental and frequent error for sole proprietors and small businesses. Using...
Key Energy Tax Credits Are Expiring
Expiring Credits and Deductions Energy efficient home improvement credit (Section 25C) will not be allowed for any property placed in service after...
What You Need to Know About Social Media Tax Scams
The IRS is issuing a major warning about a rise in fraudulent tax scams spreading on social media. These schemes, promoted by scammers posing as tax...