Federal Income Tax
-
Is college financial aid taxable? A crash course for families
College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025…
Read More: Is college financial aid taxable? A crash course for families -
Turn a summer job into tax savings: Hire your child and reap the rewards
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra…
Read More: Turn a summer job into tax savings: Hire your child and reap the rewards -
6 essential tips for small business payroll tax compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are…
Read More: 6 essential tips for small business payroll tax compliance -
Do you have an excess business loss?
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as…
Read More: Do you have an excess business loss? -
Early bird tips: Answering your tax season questions
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and…
Read More: Early bird tips: Answering your tax season questions -
Small business strategy: A heavy vehicle plus a home office equals tax savings
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you…
Read More: Small business strategy: A heavy vehicle plus a home office equals tax savings
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.