July 1 – Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to file a Form 5500 or 5500-EZ for calendar year 2025. Even though the forms do not need to be filed until July 31, you should contact this office now to see if you have a …..

July 1 – Time for a Mid-Year Tax Check Up Time to review your 2026 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties.   July 10 – Report Tips to Employer  If you are an employee who works for tips and received more than $20 in tips …..

What Small Business Owners Need to Know Before Tax Season Sneaks Up Again  It usually starts with a harmless sentence. “I only made a little side income.” Or… “Most of my clients just paid me through Venmo.” Or our personal favorite… “I never got a tax form, so I assumed I was okay.” And honestly? …..

For many taxpayers, dealing with the IRS can feel slow, confusing, and paper-heavy. An IRS online account offers a faster, more convenient way to manage many tax tasks from your computer or phone — from checking your refund to viewing tax transcripts to setting up payments — without a trip to a post office or …..

Trump Accounts officially launched on July 4, 2026. Families who already signed up should confirm that their account has been activated and is ready to receive contributions. Those who have not yet registered can still submit the required election, complete the activation process, and begin funding the account.  The program provides a $1,000 seed contribution for eligible children born …..

April 15 – C-Corporations  File a 2025 calendar year income tax return (Form 1120) and pay any tax due. If you need an automatic 6-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns, and deposit what you …..

April 10 – Report Tips to Employer    If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer no later than April 10. You can use IRS Form 4070 or your own statement that includes your signature; name, address and Social Security number; …..

Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings for the year and pay taxes per an IRS schedule according to …..

Tax season brings deadlines, documents, and urgency. It also brings scammers.  Every year, phishing attempts spike during filing season because criminals know people are expecting financial communication. Refund notices. Payroll updates. Signature requests. Client documents.  The timing makes the message feel legitimate.  And in 2026, the tactics are more sophisticated than ever. Why Tax Season Is Prime …..

As the landscape of charitable giving continues to evolve, 2026 ushers in significant changes in the tax treatment of donations. For both itemizers and non-itemizers, understanding the new rules is crucial to maximizing the benefits of charitable contributions and ensuring compliance with tax obligations. Among the key changes are new guidelines for non-itemizers wishing to …..

January 15 – Employer’s Monthly Deposit Due – If you are an employer and the monthly deposit rules apply, January 15 is the due date for you to make your deposit of Social Security, Medicare, and withheld income tax for December 2025. This is also the due date for the nonpayroll withholding deposit for December …..

January 2 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded. January 12 – Report Tips to Employer – If you are an employee …..

In today’s digital age, social media serves as a hub of information on almost every topic imaginable, from cooking recipes to financial advice, including taxes. However, as accessible as these platforms are, they pose a significant risk when used as a source for tax advice. Misleading or just plain wrong tax advice on social media …..

QuickBooks has become the go-to accounting platform for millions of small businesses. It’s powerful, flexible, and designed to simplify bookkeeping — in theory. But if you’ve spent any time working inside QuickBooks, you know the truth: the software only works well when the setup is right, the data is accurate, and someone is managing it …..

There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right — feel the same jolt of panic when they receive an IRS notice. But here’s the truth: Most IRS notices …..

Most people think their financial professional focuses on the past: last year’s tax numbers, last quarter’s profit, last month’s expenses. That’s the compliance world. It’s essential, of course. But it’s focused on what has already happened. Advisory is something different. Advisory is about shaping what comes next. It’s a shift from “Here’s your report” to …..

In the realm of retirement savings, the designated Roth account stands out as a unique option that offers tax-free growth and withdrawals under certain conditions. Originating from the 401(k), tax shelter 403(b) plans, or governmental 457(b) plans, a designated Roth account allows employees to make after-tax contributions that grow tax-free. This article delves into the …..

As global trade policies continue to shift, tariff-related uncertainty remains a critical issue for manufacturing executives—particularly Chief Operating Officers (COOs), who are charged with managing supply chains, cost structures, and long-term resilience. While some manufacturers are lobbying for product exemptions or weighing cross-border production strategies, others are actively assessing how tariffs impact their competitive positioning …..

The recent shift in presidential tariffs policy is expected to stimulate growth in U.S. manufacturing. While this anticipated surge is welcome news for the sector, it also exposes a critical weakness: a growing talent gap and an urgent need for workforce enablement. As production ramps up, manufacturers face increasing difficulty hiring, training, and retaining the …..

As manufacturers continue embracing digital transformation, they’re also becoming prime targets for increasingly sophisticated cyberattacks. From smart machinery and cloud-connected systems to widespread use of the Internet of Things (IoT), manufacturers are operating in an era where convenience and innovation come with significant risk. Heading into 2025, it’s more critical than ever for companies in …..