On May 22, 2025, the House passed One Big Beautiful Bill Act (H.R. 1) (referred to here as “the bill”), which is a reconciliation bill including … Read more about Preview of Tax Changes this Year: Actions to Take Now
Proposals for Better Tax Rules for Small Businesses
Congress is continually giving lip service to its desire to help small businesses, but rarely does something important taxwise in this regard. Much … Read more about Proposals for Better Tax Rules for Small Businesses
Don’t Take Tax Advice from…
Several years ago, I was at a restaurant and a party of four at the next table were discussing IRA rollovers. I couldn’t help but overhear their … Read more about Don’t Take Tax Advice from…
What to Know About Audit Risk in 2025
Now that we’re at the height of the tax season, audits come to mind. Small businesses and owners who are audited may face time, considerable expense, … Read more about What to Know About Audit Risk in 2025
Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
Supplement to J.K. Lasser’s Small Business Taxes 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s Small Business Taxes 2025, covers the tax rules as they … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2025
Past Presidential Tax Policies: A Look Back
We’re in the midst of wrangling about tax laws from a new Administration and a new Congress. What the tax rules will ultimately turn out to be is … Read more about Past Presidential Tax Policies: A Look Back
Section 530 Explained and What You Need To Do
Alert: The IRS just released more guidance on Sec. 530 relief. In determining whether an individual is treated as an employee, in addition to the … Read more about Section 530 Explained and What You Need To Do
Information Returns: What to File and When
Filing your tax returns for income, employment, and excise tax purposes is only a small part of your reporting obligations. Being in business puts a … Read more about Information Returns: What to File and When
Partnerships and LLCs: A Look at IRS Statistics
“The foundation of every successful partnership is not just shared vision but shared values.” – Author unknown A partnership is... A partnership is … Read more about Partnerships and LLCs: A Look at IRS Statistics
What’s New Taxwise for Retirement Plans in 2025
Retirement plans are an important way to help employees build financial security. There is great flexibility for employers in choosing the plan best … Read more about What’s New Taxwise for Retirement Plans in 2025
Writing Off the Cost of AI, Metaverse, and Other Technology
A September 2024 report by the U.S. Chamber of Commerce entitled The Impact of Technology on U.S. Small Business found some very interesting … Read more about Writing Off the Cost of AI, Metaverse, and Other Technology
Growing Your Business by Adapting to Changing Tax Rules
“Yesterday is gone, tomorrow has not yet come. We have only today, let us begin.” ~ Mother Teresa Many of the tax rules that were put in place … Read more about Growing Your Business by Adapting to Changing Tax Rules
A Quick Look at J.K. Lasser’s Small Business Taxes 2025
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and tax advisers. The 2025 edition for … Read more about A Quick Look at J.K. Lasser’s Small Business Taxes 2025
What Do Tax COLAs Mean for Your Business in 2025?
The tax picture for 2026 is unknown at this time because many of the tax rules fixed by the Tax Cuts and Jobs Act expire at the end of 2025. But the … Read more about What Do Tax COLAs Mean for Your Business in 2025?
