by somichcpa | Aug 22, 2025 | Uncategorized
The recently passed One Big Beautiful Bill Act of 2025 (OBBBA) brings a number of updates designed to benefit small businesses by expanding tax incentives and simplifying some reporting requirements. Below is an overview of the most notable provisions. Form 1099...
by Karen Baksa | Aug 20, 2025 | Uncategorized
You’ve stocked up on notebooks, pencils, and glue sticks, and survived the school supply shopping rush. But the truth is, those are only the starting costs of the school year. Beyond the supply list, there are plenty of hidden expenses that can add up quickly. Here...
by Karen Baksa | Aug 7, 2025 | Uncategorized
The One Big Beautiful Bill Act of 2025 (OBBBA) contains a number of tax breaks for parents. Here’s a summary of what’s in the bill for families, including planning tips to make the most of each tax break. Parents get a permanent increase to the child tax...
by somichcpa | Apr 1, 2025 | Uncategorized
To ensure a smooth and error-free tax return filing, take a moment to double-check for these commonly overlooked details. These small but important items often cause delays or trigger IRS inquiries: 🔹 Missing Forms – Use your prior-year tax return as a reference to...
by somichcpa | Mar 7, 2025 | Uncategorized
During the recent chaos of Federal employment moves over the past couple of weeks, two actions will impact how filing your tax return this year could go and how to prepare accordingly. Voluntary termination After being offered voluntary termination, approximately...
by somichcpa | Feb 28, 2025 | Uncategorized
MYTH: /miTH/ (noun) – a widely held but false belief or idea Many myths about the IRS and the tax code have been amplified online in recent years. Here are several myths that if you believe them, could leave you with an expensive tax surprise. Myth #1: Retirement...
