by PSA CPA | Dec 22, 2025 |
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 comes time to move on to your next chapter, whether that’s retirement or a new venture, many owners realize too late that...
by PSA CPA | Dec 15, 2025 |
Every successful small business owner eventually faces a key decision: continue managing all tasks alone, or hire the first employee to expand capacity. This choice fundamentally changes your financial structure and your role as a business leader. We outline the...
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 |
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…