Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it’s time.
Businesses must prepare 1099s for contractors and vendors by February 2, 2026. Understanding which forms to use and getting organized now can help you stay on track and avoid costly IRS penalties.
Employers can boost workplace morale and employee loyalty by taking advantage of the Employer-Provided Childcare Tax Credit. This federal incentive not only eases the financial burden on businesses offering childcare solutions but also enhances their competitive edge in recruiting and retaining talent. Discover how this credit works, eligibility requirements, and its impact on workplace culture.
USPS’s updated regulations, effective December 24, 2025, clarify that the date displayed on a postmark now represents the date an item undergoes its first automated processing at a facility—rather than the date the item was initially received by the postal service. This change means there may be a gap of several days between the time you mail your documents and when they actually receive a postmark, especially as mail is routed from collection points to centralized processing centers.
Making the jump to S-corporation status probably wasn’t an impulse decision; you looked at your books, saw profits piling up well beyond the salary you pay yourself, and decided it was time to stop paying self-employment tax on every extra dollar. However, the S election is more than just a single signature on Form 2553; it introduces a new set of rules.
Understand how the IRS taxes short-term rentals, from the 14-day rule to deductible expenses and 1099-K reporting. A must-read guide for short-term rental hosts.
Selling appreciated real estate? Learn how installment sales can help you spread capital gains over time, reduce your tax burden, and align payments with retirement or income planning goals. This guide explains how the strategy works, when it applies, and what tax rules to watch for, including depreciation recapture and related-party restrictions.
The IRS is offering penalty relief for 2025 as employers struggle to comply with new reporting requirements for tips and overtime pay under the OBBBA. While businesses won’t face penalties this year for failing to separately report qualified tips, overtime compensation, and occupation codes, this transition period is explicitly temporary—and smart employers will use it to prepare for full compliance in 2026.
Discover how the groundbreaking “no tax on tips” provision in the new One, Big, Beautiful Bill (OBBBA) could transform the take-home pay for millions of tip-reliant workers starting in 2025. Learn which occupations qualify, the specific conditions required, and how to prepare for maximized savings under this potentially game-changing deduction.
From expanded deductions and new above-the-line benefits to shifting phaseouts and sunsetting exemptions, 2025 offers unique opportunities for individuals to lower their tax liability before year-end. This guide highlights smart, timely moves to help you make the most of current law before key changes take effect in 2026.
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