by PSA CPA | Jan 23, 2026 |
As late January 2026 brings a significant blizzard to the forecast, the accounting industry finds itself at a unique seasonal intersection. In the professional world, the “cold front” isn’t just meteorological; it marks the official intensification...
by PSA CPA | Jan 8, 2026 |
Maryland’s PTE tax rules change in 2026. The “Resident Fix” allows significantly more federal tax savings for resident owners—but only if structured correctly. What Changed Starting January 1, 2026, Maryland PTEs can pay entity-level tax on all income allocated to...
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 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 | Jul 28, 2025 |
As a business owner, staying compliant with ever-evolving tax regulations is critical—not only for avoiding penalties but also for optimizing your financial health. The IRS has introduced several new tax regulations this year, and understanding how they impact your...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…