Tax Tip Tuesday

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Tax Implications for Remote Workers

With the rise of remote workers, understanding tax obligations has become increasingly important for both employees and employers. As individuals choose to live in locations different from where the companies they work for are based, they may encounter complex questions about where taxes should be paid. Navigating these complexities requires…

April 1, 2025

Getting the Most from Your Tax Return (or the Least)

While many of our clients worry they may owe more than they expected, there are some that even dread their refund. Getting a large refund often indicates that you withheld too much of your pay during the year and essentially gave the IRS an interest free loan. Federal Withholding Speak…

March 25, 2025

Retirement Planning: Catch-Up Contribution Changes for 2026

Planning and saving for retirement typically span decades of a person’s working years. Historically, planning boils down to maximizing contributions to an employer sponsored plan such as a 401(k), 403(b), or 457(b), in addition to an IRA. Traditional vs Roth Is it more beneficial to designate your contributions as traditional…

March 18, 2025

Form 1099 Income Reporting

What You Need to Know When it comes to tax preparation, many people and businesses rely on the various forms they receive to accurately report their income. Among these forms, the Form 1099 series is particularly significant, as it covers a wide range of income types, from freelance work to…

March 11, 2025

Accelerated Depreciation Options

Bonus Depreciation & Section 179 Accelerated depreciation methods, such as bonus depreciation and the Section 179 deduction, provide business owners the opportunity to write off the cost of certain assets placed in service during the year quicker than traditional depreciation schedules allow. These methods offer significant tax benefits while enhancing…

March 4, 2025

What is an Itemized Deduction?

And should you hunt for them? We are often asked about things like medical expenses or that extra $25 donation and whether you should dig all of those things up. Under the current tax law, for many, the answer is probably not. You get the higher of your standard…

February 18, 2025

Charitable Donations 101

Charitable donations are a powerful tool to give back to your community and support causes dear to your heart while saving on income taxes. It’s crucial to navigate the process wisely to ensure your contributions are maximized and compliant with tax regulations. Choosing the Right Organizations When considering charitable…

February 11, 2025