Tax Hoots

Healthcare Providers: How Depreciation Can Help Your Business Save on Taxes
Medical equipment is essential for patient care, but it also brings important tax considerations that many healthcare providers overlook. Machines wear out, tools get replaced, and over time, their value

Tax Checklist for Small Businesses: Simplifying Tax Season 2026
Tax season can feel overwhelming for small business owners, especially as requirements continue to evolve. With increased reporting requirements, tighter documentation standards, and greater IRS oversight, filing business taxes in

Self-Employment: Managing Your Tax Responsibilities
Working independently offers freedom and flexibility, yet you must manage added tax responsibilities. Unlike traditional employees, self-employed individuals are responsible for managing and paying their own taxes, including self-employment taxes.

Tax Decisions: Start the Year With Clarity
The new year is a fresh start for every small business, but it also brings important tax decisions that can feel overwhelming. From federal deadlines to state-specific requirements, staying organized

Roth Conversions: When to Say Yes and When to Wait
Deciding whether to convert retirement savings from a traditional account to a Roth IRA is not just an investment decision — it is a tax planning decision that can shape

Restricted Stock Units: Taxation and Common Mistakes to Avoid
Restricted Stock Units, commonly known as RSUs, are a significant component of compensation for many professionals, particularly in technology and growth-focused companies. While RSUs can meaningfully increase total earnings, they

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