by PSACPA | Aug 6, 2025 |
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them) Launching a startup is exciting—but for many entrepreneurs, managing the financial side of the business can quickly become overwhelming. Without a solid financial foundation, even the most...
by PSA CPA | May 13, 2025 |
Whether you’re hitting the slots in Vegas, buying scratch-offs at the gas station, or playing online poker from your couch, there’s one thing all gamblers have in common: Uncle Sam wants his cut. Yep, gambling winnings are taxable. But don’t worry—here’s...
by PSA CPA | Mar 1, 2025 |
Social Security benefits play a vital role in retirement planning for many Americans, providing financial stability during their later years. However, a common question arises: Are Social Security benefits taxable? The answer depends on several factors, including...
by PSA CPA | Mar 1, 2025 |
When Should You Expect Your W-2? By law, employers must send out IRS Form W-2, Wage and Tax Statement, by January 31. If you had multiple employers during the tax year, you should receive a separate W-2 from each one. This essential tax document reports your total...
by PSA CPA | Mar 1, 2025 |
Every business must file taxes, but knowing how to leverage business tax write-offs can significantly reduce your tax liability. Business tax write-offs allow companies to deduct qualifying expenses incurred during operations, ultimately lowering taxable income....
by PSA CPA | Mar 1, 2025 |
Relocating frequently is a reality for military families, bringing with it many logistical and legal challenges. Fortunately, two key laws—the Military Spouses Residency Relief Act (MSRRA) and the Veterans Benefits and Transition Act of 2018—help ease the burden by...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…