Tax Hoots

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

Year-End Accounting Made Simple with Scout Tax
As the year winds down, business owners often focus on wrapping up projects, meeting sales goals, and planning for the months ahead. However, one critical task often overlooked during this

Charitable Deductions: Make Every Donation Count in 2026
Charitable giving is one of the most meaningful ways to support causes you care about, and at the same time, it can provide valuable tax benefits. However, the rules surrounding

No Tax on Tips: IRS Proposal Could Benefit Thousands of Workers
The IRS recently proposed a new rule that could significantly reduce the tax burden for millions of tipped workers across the United States. Under this plan, certain employees and self-employed