Business and Tax News
Maryland PTE Tax Update
Maryland’s PTE tax rules change in 2026. The “Resident Fix” allows significantly more federal tax savings for resident owners—but only if structured...
The Exit Strategy Audit
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...
Should You Hire Your First Employee or Stay Solo?
Every successful small business owner eventually faces a key decision: continue managing all tasks alone, or hire the first employee to expand...
The Small Business Guide to $2.5M in Equipment Deductions
As your business grows, so does your opportunity for major tax savings. The recent tax law changes (the OBBBA) have created powerful incentives to...
Your 3-Step Plan for Stress-Free Finances Next Year
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...
What is the 1099-DA?
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...
Major Tax Savings: A Guide to Immediate Business Write-Offs
Major Tax Savings: A Guide to Immediate Business Write-Offs As your business grows, so does your opportunity for major tax savings. The recent...
5 Accounting Blunders That Trip Up Businesses
1. Mixing Business and Personal FinancesThis is perhaps the most fundamental and frequent error for sole proprietors and small businesses. Using...
Key Energy Tax Credits Are Expiring
Expiring Credits and Deductions Energy efficient home improvement credit (Section 25C) will not be allowed for any property placed in service after...
What You Need to Know About Social Media Tax Scams
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...
What is Crypto Currency?
Meaning... In the simplest terms, cryptocurrency is a form of digital money. But unlike the money in your bank account, which is controlled by a...
What is Payroll
Calculating Pay:This is where you figure out what to pay each employee. It includes their regular wages or salary, but also factors that effect...
Qualities You Get From Your CPA
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...
7 Big Benefits of Having an Accountant for a Business
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...
Tax Season Scams to Watch Out For in 2025
Tax Season Scams to Watch Out For in 2025 Every year, as tax season approaches, scammers ramp up their efforts to take advantage of busy taxpayers....
Understanding the Premium Tax Credit (PTC) and How It’s Changing After 2025
Understanding the Premium Tax Credit (PTC) and How It’s Changing After 2025 The Premium Tax Credit (PTC) is a refundable credit designed to make...
When Should You Outsource Your Accounting (and How PSA CPA Can Help)
Running a business means wearing a lot of hats—but trying to wear all of them can quickly lead to burnout. One of the first responsibilities many...
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them)
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them) Launching a startup is exciting—but for many entrepreneurs, managing the...