It's that time of year again where we should consider meeting to discuss any year-end strategies that might reduce your 2025 taxes. For a short time this past summer, tax news became national news when the President signed the One Big Beautiful Bill Act (OBBBA). The OBBBA is a budget bill that makes the 2017 tax [...]
This article was published by the IRS. The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpayers to file inaccurate or [...]
This IRS video course discusses Section 501(c)(3) eligibility, the benefits of exemption, how to apply, and filing requirements while waiting for a determination letter. (Ensure that your organization is eligible for tax exemption before applying.) Learn about: the life cycle of a typical organization exempt under Section 501(c)(3) of the Internal Revenue Code. benefits and responsibilities [...]
This article was published by the IRS. Finding a job can be a challenge and for certain groups, it can be even harder. The Work Opportunity Tax Credit is a federal tax credit available to employers for hiring individuals from certain groups who consistently face significant barriers to employment. The Work Opportunity Tax Credit is available [...]
Let's take a look at the most common invoicing mistakes business owners make and how you can avoid them, so you can get paid faster and keep your cash flow healthy. You can avoid most of these mistakes with a little know-how in AI automation. Common mistakes include mixing up invoice numbers, forgetting to send payment [...]
