Hey there! If you’re a business owner, you’ve probably had that moment at a restaurant where you tap your card, grab the receipt, and think, “Sweet, Uncle Sam is picking up half the tab for this.” Well, I hate to be the bearer of bad news, but as of 2026, those rules have shifted quite…
If you're an S-Corp or partnership owner, March 15th is fast approaching: and that means it's time to get serious about your Schedule K-1 and basis reporting. While the actual filing deadline for most S-Corps and partnerships is March 17th this year (since March 15th falls on a Saturday), don't wait until the last minute…
Tax season can feel overwhelming, especially when you're trying to figure out your filing status. If you're a single parent or dealing with shared custody, you might be wondering whether you qualify for Head of Household status, and what happens when children split time between parents. Let's break down these complex rules in simple terms….
Tax season brings up plenty of questions for families with college students. One of the biggest head-scratchers? Whether you should let your college student claim themselves on their tax return or keep claiming them as your dependent. The answer isn't always straightforward, and it depends on your specific situation and goals. The key thing to…
January is the perfect time for a fresh start, and there's no better place to begin than with your business finances. If you're staring at a pile of receipts, wondering where your bank statements went, or realizing you haven't reconciled your accounts in months, you're not alone. Most small business owners struggle with keeping their…
A major shift is coming to how overtime pay gets taxed, and it affects every employer with hourly workers. The "No Tax on Overtime" provision, part of the One Big Beautiful Bill Act, introduces new tax benefits for employees: and new responsibilities for employers starting in 2026. If you're running a business with hourly employees,…
Tax season brings its share of stress, but 1099 forms don't have to add to it. Whether you're a business owner who needs to issue 1099s or someone waiting to receive them, understanding the deadlines and knowing what to do when things don't go as planned can save you headaches and penalties. Let's break down…
If you've hired contractors for your business, you're probably wondering whether you need to send them a 1099-NEC form. The short answer? It depends on how much you paid them and how you paid them. Let's break down everything you need to know with these frequently asked questions. What is a 1099-NEC form? A 1099-NEC…
As I sit here on this Thanksgiving evening, I can hardly believe it's been almost a year since I took the biggest leap of faith. Twelve years. That's how long I stayed in my full-time job making good money, comfortable and secure, before I finally listened to that persistent tug in my heart and decided…
Thinking about making your business an S-Corporation? You’re not alone. Many small business owners consider this move to potentially save on taxes and protect their personal assets. But S-Corp status isn’t right for everyone, and there are important deadlines and requirements you need to know about. Let’s break down everything you need to consider…
