Year-round tax planning generally produces the best results, but there are some steps you can take in December to lower your 2025 taxes.
tax planning
Your Weekly Read
There’s still time to reduce your 2025 income tax
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing these ideas before Dec. 31.
How small business owners can deduct real estate improvements
Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements
The QBI deduction and what’s new in the One, Big, Beautiful Bill Act
The QBI deduction is a valuable tax break for eligible small business owners. Here’s a look at the tax break and how it changes under OBBBA.
Significant business tax provisions in the One, Big, Beautiful Bill Act
You’ve probably heard that the One, Big, Beautiful Bill Act has been enacted. What will it mean for taxes and your business?
Understanding the tax consequences of gig workers
The gig economy offers many benefits. It also comes with tax responsibilities that gig workers need to manage proactively to avoid penalties.
The tax rules for legal awards and settlements: What recipients should know
If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.
The 2024 gift tax return deadline is coming up soon
The April 15 tax filing deadline is coming up soon. Find out if you must file a 2024 gift tax return and why you may want to file one anyway.
It’s income tax planning time for your small business
2024 will be over soon enough. Here are some year-end tax planning moves to consider that may help your small business save on taxes.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
How are Series EE savings bonds taxed?
If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.
What might be ahead due to expiring tax provisions?
What’s on the tax horizon as many Tax Cuts and Jobs Act provisions get closer to their scheduled expiration date? Here are four possible scenarios.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
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Washington, NC 27889
Washington, NC 27889
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