Part 1: Tax Planning for the OBBB: How the New Tax Act Can Benefit Business Owners

After months of waiting, clarity is finally coming. The tax and spending package unofficially known as the “One Big Beautiful Bill” Act (OBBB) has been

Recent blogs

Tax Deductions for Business Vehicles: Using Standard Mileage vs Actual Expenses

New business owners may be excited to learn that the IRS also allows them to deduct their annual business mileage as a business expense. However,

Tax Deductions for Business Vehicles: Section 179 vs. Bonus Depreciation

When it comes to vehicle tax deductions, tax planners face a number of challenges—from keeping up with recent changes to the tax rules to educating

Accounting Pricing Strategy

Accounting Pricing Strategy One of the most difficult, yet important, issues you must decide as tax business owner is how much to charge for your

Limiting the Substance Over Form Doctrine

At the end of 2018, to the dismay of the IRS and the Tax Court, the Second Circuit joined the First and Sixth in reversing

Conservation Easements Make the IRS Dirty Dozen Tax Scam List

The IRS has put conservation easements on its annual “Dirty Dozen” list which, says the IRS, “represents the worst of the worst tax scams.” The

How State and Local Tax Refunds Affect Gross Income for the Following Year

The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized

7 Marketing Tips for Your Tax Business

As you look ahead to tax season, and beyond, here are seven inexpensive marketing tips to get the year started on the right foot.

Developing Your Accounting Firm’s Plan

What are your accounting goals? Many firms want to grow and expand. However, other businesses want to focus on: At the same time, owners often

GoFundMe Receipts and IRS Rules

Aside from contribution-only donations to established 501(c)(3) charities, the gift/non-gift distinction has always been rather subjective. For example, assume you give money to a children’s