A: Yes, here’s how.** Whether you are driving to client meetings, visiting job sites, running to the bank, or picking up supplies, those miles add up quickly. And the good news is that many of them are deductible as long as they meet IRS rules and you track them properly. Let’s break it down in […]

2025 Child Tax Credit Updates: What You Need to Know Why the 2025 Changes Matter If you have children, the new rules for the Child Tax Credit (CTC) can significantly impact your tax bill. The updates for the 2025 tax year bring both higher benefit amounts and stricter eligibility requirements. With proper tax planning, you […]

Business Growth Brings New Financial Challenges As your business grows, your finances become more complicated. What used to be a simple spreadsheet can quickly turn into multiple accounts, invoices, expenses, taxes, and financial decisions that impact your bottom line. This leads many business owners to ask: Do I need to hire a bookkeeper – or […]

Introduction: A Tax Break for Hardworking Americans Starting in 2025, a landmark provision in the One Big Beautiful Bill Act (OBBBA) introduces a valuable deduction: up to $12,500 of your overtime “premium” pay (or $25,000 for joint filers) can be excluded from federal taxable income, making overtime earnings effectively tax-free, with some limitations. KiplingerIRSWikipedia What […]