Year-end tax planning often involves navigating expiring provisions and adjusting to late-breaking legislative changes. This year, however, there is an unusual level of legislative certainty in the air. The One Big Beautiful Bill Act (OBBBA) became law on July 4, … Continue reading
Category Archives: Tax Preparation
1 December 2025
Year-End Tax Planning Strategies for Individuals
25 November 2025
Year-End Tax Planning Opportunities for Businesses
With greater predictability built into the tax code, year-end tax planning for businesses becomes more about strategic planning and less about rushing to use expiring incentives. Among its nearly 900 pages, the One Big Beautiful Bill Act (OBBBA), signed in … Continue reading
20 November 2024
Year-End Tax Planning for Individuals
As we approach the 2025 “tax cliff,” future tax policy remains a pressing focus for individuals. With election results in, the direction of upcoming legislative changes is beginning to take shape, providing a clearer framework for strategic decisions. However, tax … Continue reading
20 November 2024
Year-End Tax Planning for Businesses
After a few years of relatively mild tax changes for most businesses, post-election results provide more clarity on the direction of future policy—with a confluence of expiring tax provisions, a new administration, and evolving economic factors that will shape the … Continue reading
The deadline for initial filings under the Corporate Transparency Act (CTA) is right around the corner. On January 1, 2025, millions of privately-owned non-exempt corporations, limited liability companies, and limited partnerships will be subject to new reporting requirements, designed to … Continue reading
2 March 2022
Top Tax Considerations for Remote Employees
Return-to-office plans remain in a state of limbo as some employers find that a remote work strategy is a viable option long term. What are the tax implications for businesses in this new scenario? Over the past couple of years, … Continue reading
22 February 2022
What You Need to Know About the Child Tax Credit and Economic Impact Payment Notices
Many of you probably already received IRS Letters 6419 and 6475 containing details about your 2021 advance child tax credit (CTC) payments and economic stimulus payments. Here’s what you need to know about the letters, this year’s CTC refund, and … Continue reading
12 January 2022
Q4 Taxes Due Next Week: Here’s What You Need to Know
We’re coming up on the final estimated tax payment of 2021 next week! Since the standard quarterly deadline of January 15 falls on a Saturday this year, and Martin Luther King Jr. Day will be celebrated on Monday, all self-employed individuals … Continue reading
8 November 2021
Year-End Tax Planning for Individuals
As we near the end of another turbulent year, it’s time to discuss the steps you need to take to reduce your tax burden for 2021 (and beyond). Unlike other years, 2021 presents many unique moving parts to the tax … Continue reading
If you’re a small business owner or a self-employed worker, you may have opted for the self-employment tax deferment benefit offered through the CARES Act. This benefit allowed individuals to defer a certain amount of their Social Security taxes until … Continue reading
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