Tax Hoots

Tax Preparation: What’s New for Businesses in 2026
Many businesses approach year-end tax preparation the same way every year: gather documents after December, file on time, and move on. As 2025 comes to a close, that approach is

RMD Rules: Understanding the 2025 Updates
If you have a traditional IRA, 401(k), 403(b), SEP IRA, or SIMPLE IRA, understanding Required Minimum Distributions (RMDs) and the current RMD Rules is essential. Recent changes to retirement tax

Tax Myths: 7 Costly Mistakes That Are Hurting Your Business
Running a business is a constant balancing act. You manage customers, cash flow, staff, marketing, and growth opportunities. In the middle of all that, taxes often feel like a confusing

California Tax Compliance in 2025: Critical Dates and Penalty Risks
California continues to tighten its tax enforcement systems as 2025 approaches, making compliance more essential than ever for business owners. Whether you operate as an LLC, S Corporation, C Corporation,

Year-End Tax Planning: Tips for Businesses Preparing for 2026
As the year ends, every business, whether a sole proprietorship, partnership, LLC, S corporation, or C corporation, gains a critical opportunity to organize financials, reduce tax liabilities, and strengthen compliance.

Signing Partnership Tax Returns: Essential Guidelines
For many business owners, signing a tax return feels like a simple administrative step. However, when it comes to signing partnership returns for partnerships and multi-member LLCs, signature authority becomes

Tax Dependents: How to Claim The Right Way
Supporting a child, elderly parent, or other relative often comes with the added responsibility of understanding tax rules. Many taxpayers assume claiming tax dependents is straightforward, but the IRS has

Adjusted Gross Income: Filing Your Tax Return Accurately
As the regular tax season approaches, one small but important detail can make or break your e-filing process: your Adjusted Gross Income (AGI). This figure helps the IRS verify your

Key Tax and Policy Updates: What Businesses Should Know
With tax laws and key tax and policy changes shifting every year, staying informed isn’t just helpful; it’s essential for anyone looking to protect their assets and plan effectively. Recent