by Jennifer Springer | May 28, 2025 | Blog, Business, Tax
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as...
by Jennifer Springer | Apr 30, 2025 | Uncategorized
WASHINGTON, D.C. — During the first 100 days of President Donald J. Trump’s second term, the U.S. Department of the Treasury, under Secretary Scott K.H. Bessent, has taken significant steps to implement the Administration’s economic agenda focused on growth, security,...
by Jennifer Springer | Apr 3, 2025 | Blog, Tax
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some people are eligible to file a return as a head of household. But if...
by Jennifer Springer | Feb 5, 2025 | Blog, Business, Tax
A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as great as they have been in the last few years. Here are some amounts that may affect you...
by Jennifer Springer | Jan 16, 2025 | Blog, Business, Tax
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If your business usage is between 51% and 99%, you may be...
