If a tax credit or deduction sounds too good to be true, it probably is. There’s been a dramatic spike in suspicious refund claims, thanks to misleading social media advice and criminals posing as tax professionals. In fact, social media fraud even popped up on the IRS’ “Dirty Dozen” list, urging taxpayers to steer clear […]
New Tax Break: Deduct Interest on Your Car Loan Through 2028
Planning to finance a car, truck or SUV in the near future? There may be some good news waiting for you come tax time. Thanks to a temporary tax break, eligible buyers can deduct the interest paid on qualifying loans on vehicles financed between now and 2028. Before you head to the dealership, here’s a […]
What the One Big Beautiful Bill Means for Your Business
The One Big Beautiful Bill (OBBB) legislation represents an overhaul of the federal tax landscape, introducing dramatic changes to taxes, credits and deductions that will impact taxpayers across all income levels. And everyone from entry-level employees to Fortune 500 CEOs will be affected. The good news is that once you wrap your head around these […]
OBBB: From Moving Costs to 529 Plans, Here’s What Changed
The One Big Beautiful Bill (OBBB) introduced sweeping changes to tax credits and deductions that will impact individuals and families across all income levels. Whether you’re just starting your career, raising a family or planning for retirement, these changes are likely to impact your bottom line. Here’s what you need to know: Dependent care assistance. […]
Maximizing the Tax Benefits of Your Remote Workforce
The pandemic fundamentally altered how many U.S. businesses operate. Distributed teams and flexible arrangements have become permanent fixtures rather than temporary fixes. For employers and workers, this also means new opportunities and challenges for tax planning and compliance. The reality of remote workers Companies have discovered that productivity doesn’t require physical proximity. In fact, 60% […]
Why Cyber Criminals Love Small Businesses (And How to Make Them Think Twice)
Remember the big Target data breach a few years ago? Hackers didn’t just wake up one day and decide to attack the retail giant directly. Instead, they strategically planned and infiltrated a small HVAC contractor that serviced Target’s stores, using that access point to compromise over 41 million customer records. Cybercriminals continue to view small […]