This article was published by the IRS. The 2026 tax filing season is drawing near. The IRS encourages taxpayers to “Get Ready” and start preparing now. Taking a few steps today can save time and help taxpayers ensure they’re filing accurate returns in the coming months. The annual IRS "Get Ready" campaign is a series of [...]
QuickBooks can help you create 1099s, send them to your contractors, and e-file them with the IRS. Follow this step-by-step video to create 1099s for your business. You can either have QuickBooks auto-fill your forms, or manually fill them in yourself. Both options let you e-file with the IRS in the end. After you e-file with [...]
As the year draws to a close, it's important that we discuss any year-end strategies that might help lower your business's taxable income for 2025. This has been a big year for tax law changes, with the President signing the One Big Beautiful Bill Act (OBBBA) into law this summer. Most of the changes are highly [...]
Retirement Plans If you can afford to do so, investing the maximum amount allowable in a qualified retirement plan will yield a large tax benefit. If your employer has a 401(k) plan and you are under age 50, you can defer up to $23,500 of income into that plan for 2025. Catch-up contributions of $7,500 are [...]
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 [...]
