by PSA CPA | Nov 11, 2025 |
As your business grows, so does your opportunity for major tax savings. The recent tax law changes (the OBBBA) have created powerful incentives to invest in your company right now, using deductions that drastically improve your cash flow. 1. Maximize Your Write-Offs:...
by PSA CPA | Oct 15, 2025 |
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 establish a better system for your financial records. Organize and Store Your Tax Documents: Don’t just stuff this...
by PSA CPA | Oct 15, 2025 |
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 and the IRS. Its purpose is to create a standardized way to report digital asset transactions, similar to how a 1099-B...
by PSA CPA | Oct 9, 2025 |
Major Tax Savings: A Guide to Immediate Business Write-Offs As your business grows, so does your opportunity for major tax savings. The recent passage of the One Big Beautiful Bill Act (OBBBA) has created powerful incentives to invest in your company right now, using...
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...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…