On May 22, 2025, the U.S. House of Representatives passed a sweeping piece of legislation known as The One, Big, Beautiful Bill Act, which could bring notable changes to several
A new bill under consideration in Congress — informally called The One, Big, Beautiful Bill — could bring sweeping changes to key federal tax breaks for businesses. If passed, the
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify,
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’ scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA Basics
In addition to providing a flexible and autonomous way to earn income, the gig economy also comes with tax obligations that can catch many workers off guard. Whether you’re driving
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If your business does this, it’s crucial to make sure these workers
If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income
