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Unlocking Tax Credits and Deductions Under the Big Beautiful Tax Bill

Published on September 16, 2025

The Big Beautiful Tax Bill (BBTB) has introduced new opportunities for S Corporations to reduce…

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The Critical Role of Basis Tracking in Year-End Tax Planning

Published on September 9, 2025

When it comes to year-end tax planning, accurate basis tracking often takes a backseat to…

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Navigating the One Big Beautiful Bill Act (OBBBA): A 6-Part Guide to Year-End Tax Planning for S Corporations

Published on August 5, 2025

The One Big Beautiful Bill Act (OBBBA) has brought significant changes that small business owners—particularly…

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Can You Deduct a Scam Loss? The IRS Offers Small Business Owners Relief

Published on June 24, 2025

For small business owners, nearly every dollar counts. Falling victim to a scam can feel…

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Understanding the Tax Implications of Changing Ownership Percentages for Shareholders

Published on June 17, 2025

For business owners, making changes to ownership percentages among shareholders is a significant decision. It…

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7 Reasons Small Business Owners Should Think Twice Before Electing S Corp Status for Their LLC

Published on May 13, 2025

Starting and running a small business involves making decisions that can have long-term implications. Among…

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Understanding Influencer Marketing and Its Tax Requirement

Published on May 6, 2025

Are you an influencer or content creator navigating the evolving world of social media marketing?…

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The Right Way to Ask Your Corporation for Travel Reimbursements

Published on April 22, 2025

If you’re a small business owner operating as a C or S Corporation, understanding how…

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Get Your Partner-Paid Expenses Right

Published on April 15, 2025

If you’re a small business owner, a partner in a partnership, or a member of…

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Don’t Lose Those Tax Deductions – Start Smart, Save Big

Published on April 8, 2025

Don’t Lose Those Tax Deductions Starting a new business is thrilling, but navigating the tax…

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Hiring Seasonal Employees: What SMBs Need to Know About Payroll Taxes

Published on October 16, 2024

For many small businesses, the busy season means bringing in extra hands to keep operations…

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Going Green: Insights Into Wind and Solar Project Taxation

Published on November 21, 2023

As the world begins to embrace renewable energy sources to combat climate change, utility-scale wind…

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Navigating the Challenge: How Rising Interest Rates Impact Start-up Fundraising

Published on October 10, 2023

In the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation….

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The IRS Stops Processing Covid Employment Tax Credit: What You Need to Know

Published on October 3, 2023

The Covid-19 pandemic has turned the world upside down. Lockdowns, travel restrictions, and mandatory work-from-home…

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Did You Get a Letter from the IRS? Don’t Panic.

Published on August 22, 2023

Article Highlights: • IRS Notices • CP Series Notice • Automated Notices • Frequent Errors…

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Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a Tax Deduction?

Published on August 15, 2023

Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a…

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IRS – Themed Texting Scam

Published on May 23, 2023

As a business owner, you’re probably no stranger to fraud attempts, whether it’s an email…

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Don’t Be A Victim to IRS-Impersonating Scammers

Published on May 16, 2023

Article Highlights: Phone Scams E-Mail Phishing What’s in Your Purse or Wallet? What You Should…

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Don’t Get Hit with IRS Underpayment Penalties

Published on April 18, 2023

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments…

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False Employee Retention Credit Claims Can Mean Big Problems Later

Published on March 28, 2023

Article Highlights:   TV Employer Retention Credit Promotions Employer Retention Credit Qualifications Business Operations Curtailed…

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Florida Man Gets 23 Years For Running an $80 Million Ponzi Scheme, Filing False Tax Returns

Published on February 14, 2023

Michael J. DaCorta, a 57-year-old man from Sarasota, Florida, recently learned the hard way that…

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How the Story of the Chrisley’s Bank and Tax Fraud Ended With Them in Jail

Published on January 19, 2023

The reality series “Chrisley Knows Best” first premiered on the USA Network in March 2014….

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The IRS Achieves a 90% Conviction Rate, or: “Why You Shouldn’t Cheat on Your Taxes”

Published on December 29, 2022

There’s an old saying that reminds us that there are only two certainties in this…

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The Tax Consequences of Gig Work

Published on December 22, 2022

Over the last decade, in particular, the definition of the term “career” has changed. Rather…

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Year End Tax Planning Issues

Published on December 8, 2022

Article Highlights:  Benefits Sunsetting After 2021 Benefits Sunsetting After 2022 Not Needing to File May…

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IRS Plans On Targeting Abusive ERTC Claims

Published on December 6, 2022

Article Highlights: Television Promotions Payroll Tax Credit Applicable Years Qualifications Business Operations Curtailed Significant Decline…

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Mid-Year Tax Planning Checklist

Published on October 8, 2021

Article Highlights: End of Year Tax Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences…

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Mega-Rich Backdoor IRA Strategies May Backfire if New Tax Bill Passes

Published on September 1, 2021

While it’s usually true that the “rich get richer,” a proposed tax code will prove…

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4 of the Most Common IRS Tax Problems

Published on August 8, 2021

For years, politicians have been talking about simplifying the process of filing federal taxes, but…

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Taxpayers Find Gift-Tax Reporting Confusing

Published on July 19, 2018

Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries…

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Has Tax Reform Taken Away Your Home Mortgage Interest Deduction?

Published on July 17, 2018

The Tax Cuts and Jobs Act of 2017, more commonly referred to as tax reform,…

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