by PSA CPA | Oct 9, 2025 |
1. Mixing Business and Personal FinancesThis is perhaps the most fundamental and frequent error for sole proprietors and small businesses. Using your personal bank account for business expenses or vice-versa creates a MESSY financial picture that’s nearly...
by PSA CPA | Oct 1, 2025 |
Expiring Credits and Deductions Energy efficient home improvement credit (Section 25C) will not be allowed for any property placed in service after December 31, 2025 Residential clean energy credit (Section 25D) will not be allowed for any expenditures made after...
by PSA CPA | Oct 1, 2025 |
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 experts, are tricking people into filing false claims for tax credits they don’t qualify for, such as the Fuel...
by PSA CPA | Sep 24, 2025 |
1. They’re a Proactive Partner A good accountant reacts to your financial situation. A great CPA is proactive. They don’t just wait until tax season to get in touch. They’re looking for ways to save you money throughout the year, anticipating...
by PSA CPA | Sep 18, 2025 |
Your accountant is basically your business’s financial co-pilot. While you’re busy flying the plane, they’re in the back making sure everything is running smoothly, checking the gauges, and charting the most efficient course. An accountant is so much...
by PSA CPA | Jul 28, 2025 |
Bookkeeping vs. Accounting: What’s the Difference—and Which Do You Need? When you’re running a business, keeping your finances in order isn’t just good practice—it’s essential for survival. But many business owners still ask: what’s the difference between...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…