The American tax system is a cornerstone of the nation’s economy, funding essential services like infrastructure, education, and healthcare. However, with the growing complexity of the global economy and emerging technological advancements, the future of taxes in...
Blog & Articles
Understanding Business Schedule C: A Guide for Small Business Owners
As a small business owner, filing taxes can be one of the most challenging tasks, especially if you're unfamiliar with the different forms and schedules involved. One critical form for sole proprietors and single-member LLCs is the IRS Schedule C, which is used to...
Trump and 2025 Tax Laws: What to Expect and How Pandemic Relief Shapes the Future
The U.S. tax code has undergone numerous revisions over the years, with significant changes made during the Trump administration. As 2025 approaches, many of the provisions in the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire or be reevaluated. Alongside these...
Popular Tax Deductions and Tax Credits to Know in 2024
Popular Tax Deductions and Tax Credits to Know in 2024 As we move into the tax season of 2024, understanding various tax deductions and credits is more crucial than ever. Tax deductions lower your taxable income, while tax credits reduce your tax liability directly....
What to Expect This Upcoming Tax Season: A Comprehensive Guide
What to Expect This Upcoming Tax Season: A Comprehensive Guide Tax season is upon us again, and for many, it can be a time of stress and uncertainty. Whether you're a seasoned taxpayer or just starting out, understanding what to expect can help you navigate the...
Kamala Harris’s Tax Plans for 2024: A Deep Dive
As the 2024 presidential election draws near, voters are keen to understand the candidates' stances on various policy areas, including taxation. Kamala Harris, a prominent figure in the Democratic Party, has outlined her tax plans, which aim to address issues like...
Tax Reform: The Good, The Bad, and The Ugly
Have you ever heard the saying, "the only two things that are certain in life are death and taxes"? Well, we can't do much about the former, but we can certainly talk about the latter. Taxes are an integral part of our lives, and they play a significant role in...