IRS Interest Rates Stay Steady for Second Quarter of 2025
The IRS has announced that interest rates on tax overpayments and underpayments will remain unchanged for the second quarter of 2025. Individuals and businesses should take note of these rates, as they impact potential interest owed or earned on tax balances.
Asset sale vs. stock sale: what Business Owners Need To Know
Deciding to sell your business? Navigate the complexities of asset sales versus stock sales with our comprehensive guide. Discover how each structure impacts taxes, liabilities, and proceeds to make informed decisions that optimize your deal and safeguard your hard-earned success.
2025 Standard Business Mileage Rate Increase
Important news for businesses that rely on travel: the standard business mileage rate for 2025 has increased. Discover how this change affects your business’s bottom line in our recent article.
2025 Federal Payroll Tax Changes
Stay updated with our review of the 2025 federal payroll tax changes.
Avoid Underpayment Penalties: Due January 15th
Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.
BOI Reporting Requirements Reinstated
The Corporate Transparency Act, designed to prevent financial crimes, is back in effect after the lifting of an injunction. This article outlines recent developments and provides updated deadlines for Beneficial Ownership Reporting to help businesses stay compliant.
Safeguard your personal information while shopping online
Don’t let cybercriminals ruin your holiday season. Here’s some advice on safeguarding your personal information during the busiest online shopping period of the year.
End-Of-Year Tax Strategies For Individuals
As the year-end approaches, it’s time to for strategic tax planning. From assessing your current tax situation and understanding deductions to maximizing retirement contributions and managing investment gains, this guide offers valuable insights to help minimize your tax burden.
Beneficial Ownership Filing Help
For companies established prior to January 1, 2024, BOI reporting must be submitted by JANUARY 1, 2025.
If you haven’t already completed your BOI reporting, we encourage you to complete this as soon as possible. You can complete your reporting requirements at FINCEN’s home page https://www.fincen.gov/boi. You may also choose to enlist the help of your attorney. Read our blog post here to get step-by-step help to filing.
Key Conversations To Have With Your CPA
Whether managing personal finances or running a business, this article provides essential questions to ask your CPA for informed decision-making. Discuss everything from tax planning to retirement and succession planning. Stay on top of your financial game by making your CPA meetings count.