Mid-Year is the Perfect Time for a Quick Tax Check

This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]

Corporations: Raising Capital and Distributing Profits

Corporations are treated by the law as legal entities. That means the corporation has a life separate from its owners, and has rights and duties of its own. The owners of a corporation are known as stockholders, or shareholders. A corporation can have one or many shareholders. Corporations are typically managed by directors or officers, who [...]

Gig Economy: Taxes, Income, and What You Must Know

Have you ever given someone a ride to the airport, delivered food, rented out your house, or taken on freelance work through an online platform? The gig economy, also known as the sharing or on-demand economy, is transforming how millions of people work. But what exactly is it, and what should you know if you're part [...]

Elimination of the Penny – Effect on the Collection of Sales Tax

This article was published by the MA Department of Revenue. I. Introduction The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender. As a result, vendors may be experiencing a penny shortage, and they have begun rounding to the nickel to make change. This Directive provides guidance to vendors [...]

It’s Not Too Early to Start Planning for Next Year: Check Withholding Now.

This article was published by the IRS. Even though the tax filing deadline for tax year 2025 passed a couple weeks ago, it’s not too early to start planning for next filing season. Planning now can help taxpayers avoid surprises next year. One action that can be taken is checking for proper tax withholding. What is [...]

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