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The Top 10 Changes for Individual Taxpayers   Major tax law changes over the last few years continue to impact how individual taxpayers file, plan, and manage their money. Whether you are an employee, self-employed, investor, or retiree, understanding these updates can help you reduce taxes, avoid penalties, and improve long-term financial planning. Here are...

  The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, represents the most sweeping overhaul of U.S. tax law since the Tax Cuts and Jobs Act. For business owners, the OBBBA delivers a mix of tax relief, new incentives, and compliance challenges. Below are the top five to ten changes most relevant to business owners,...

What Your Accountant Wants You to Stop Doing   Running a business or managing personal finances becomes far more expensive when tax mistakes pile up. Most IRS penalties, audits, and cash-flow problems come from the same avoidable habits accountants see every year. Understanding what to stop doing can save you thousands in taxes, interest, and...

Clean Books Help You Get Business Loans Faster When business owners apply for loans, they often focus on credit scores, collateral, and revenue. But lenders usually make their decision based on something more fundamental: the quality of your financial records. Clean, accurate, and tax-compliant books are one of the fastest ways to qualify for business...

Monthly vs. Annual Bookkeeping: What’s Cheaper? When it comes to managing your business finances, deciding between monthly bookkeeping and annual bookkeeping can have a significant impact on both costs and financial compliance. Understanding which option is more cost-effective depends on your business size, complexity, and financial goals. Which Option Is Generally Cheaper? At first glance,...

Pro Tax Prep: Often Better Than DIY Software   As tax season approaches, individuals and small business owners face a critical question: should I prepare my own tax return using DIY software, or hire a professional tax preparer? While consumer tax software is convenient and affordable, there are compelling reasons why working with a professional...

Cryptocurrency Taxes: What You Need to Know Cryptocurrency and other digital assets have rapidly moved into the financial mainstream. As adoption grows, so does scrutiny from the Internal Revenue Service (IRS). Whether you are an investor, trader, miner, or business owner, understanding how cryptocurrency is taxed under U.S. tax law is critical. Failure to comply...

    IRS OIC vs. Installment Agreement: Which Wins? When Tax Debt Looms: Comparing IRS Offers in Compromise and Installment Agreements If you’re facing an IRS tax bill you can’t pay in full, you’re not alone. Millions of taxpayers struggle with unpaid tax debt each year. The good news is that the IRS offers legitimate...

State vs. Federal Taxes: Know Your Filing Duties Filing taxes can feel complicated, especially when navigating both state and federal tax obligations. Understanding the differences between these two tax systems is crucial to avoid penalties, maximize deductions, and ensure compliance with U.S. tax law. This guide will break down your responsibilities and clarify what you...

How 1031 Exchange Helps Defer Capital Gains Taxes Real estate investors are always looking for smart, legal ways to reduce taxes and grow wealth. One of the most powerful tools available under U.S. tax law is the 1031 Exchange, also known as a like-kind exchange. When used correctly, a 1031 exchange allows investors to defer...