
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 …..
By Al Nafea In 2025, emerging tech like AI, 3D modeling, drones, and VDC is helping small contractors boost productivity, cut costs, and thrive in a changing construction industry. Technology is improving productivity and profitability for small contractors as the building industry continues to change. Technological advancements are sweeping across all industries at a staggering …..
By Evan Milberg The US construction industry has an unusual balance of optimism and unease. Here are five of the biggest economic and technological trends to help contractors navigate the current climate. It’s a bit of a weird time to be a general contractor in the US. On one hand, the Trump administration has vowed …..
Tariffs on construction materials have been rising steadily, putting significant pressure on contractors and trades. Higher material costs can quickly erode profit margins, delay projects, and even lead to disputes over unexpected price increases. To survive and thrive despite these challenges, contractors need proactive strategies to mitigate the impact of tariffs on their businesses. Here …..
By Erica Linguanti The digital landscape of 2025 is evolving at a rapid pace, presenting unique challenges for nonprofit professionals. To stay ahead of the curve, nonprofits must continuously adapt and refine their strategies. What worked in the past, may not work in the future! For example, while social media platforms remain a …..
As we move into 2025, nonprofit organizations face increasing competition for donor attention and support. To stay ahead, nonprofits must adapt to evolving marketing trends that drive engagement, build relationships, and amplify their mission. Research indicates that it can take 18–20 points of contact to reach a new donor, underlining the importance of a multi-channel, …..
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