Tax Deadline: Don’t Miss LA County’s Extended Filing Date
If you live in or operate a business within Los Angeles County, your time to file 2024 taxes is quickly running out. Due to federally declared wildfire disasters, both the IRS and California Franchise Tax Board granted automatic extensions for most tax filings and payments. That extended tax deadline? It’s coming up fast: October 15, […]
New QSBS Rules Under The One Big Beautiful Bill
On July 4, 2025, President Trump signed into law the highly anticipated and hotly debated One Big Beautiful Bill Act, a sweeping piece of legislation that touches nearly every corner of the American economy. While much of the public discourse has focused on controversial cuts to Medicaid, student loan changes, and the rollback of green […]
Social Security: Taxes Still Apply, But Major Changes Are Here
Headlines and social media posts recently claim the government no longer taxes Social Security benefits. Many Americans were led to believe that a sweeping change had permanently ended federal taxation on these benefits. However, the reality is more nuanced, and understanding the truth is essential for retirees and anyone planning for retirement. Social Security income […]
One Big Beautiful Bill: What It Means for Your Taxes
On July 4, 2025, President Trump signed into law one of the most consequential tax and spending packages in recent years, officially known as the American Prosperity and Security Act, but more commonly called “One Big Beautiful Bill.” Passed by the narrowest of margins in the Senate, this bill delivers sweeping changes to the tax […]
IRS Workforce: Why the Cuts Should Concern Your Business
A quieter but significant shift is happening within the IRS workforce, and it could have lasting consequences for businesses across the country. Over the past year, the IRS has lost more than 11,000 employees, representing approximately 11% of its total workforce. These staffing cuts are not evenly distributed; they have hit the IRS workforce hardest […]
Tax Issues: Top 3 Retirement Concerns Clients Always Ask About
Retirement is meant to be a time of peace, reflection, and enjoying the fruits of your labor. However, for many retirees and those approaching retirement, tax questions continue to be a source of confusion and concern. From the taxation of Social Security benefits to required minimum distributions and shifting tax brackets, retirement often introduces new […]
US Tax News: June 2025 Update for Business & Individuals
Tax laws and policy updates continue to play a critical role in shaping financial strategies for both individuals and businesses. As we move into the second half of 2025, staying informed about proposed legislation, regulatory shifts, and ongoing tax debates is more essential than ever. These developments can significantly affect your ability to remain compliant, […]
Tax Deduction: Extra Savings for Seniors 65 and Older
Most people have heard about the standard deduction, a key tax benefit that reduces the amount of income subject to federal income tax. However, fewer are aware that there is an additional benefit specifically for individuals aged 65 and older. This extra standard deduction is one of the simplest and most valuable ways for older […]
Tax Bill Update: Key Changes That Could Affect Your 2025 Taxes
The U.S. House of Representatives recently passed a new tax bill that could bring major changes to how individuals and businesses file their taxes, especially when it comes to deductions. One of the most talked-about updates is the proposed increase to the State and Local Tax (SALT) deduction cap, which would offer some relief to […]
Proposed Tax Bill: Impact on Cash Flow and Growth
A newly released draft of the proposed tax bill from the House Ways and Means Committee is sparking attention nationwide, particularly among growth-oriented businesses. Its implications for corporate cash flow and investment strategies could be substantial. If your business is pouring capital into innovation, new equipment, or R&D, this proposal might reshape your financial outlook. […]
