by ManagerJill | Jan 2, 2026 | Uncategorized
2025 has been a whirlwind of changes, both in the world of taxes and in our office. While our tax season was relatively normal, in July, the sweeping legislation known as One Big Beautiful Bill (OBBB) was passed, and, in October, the state signed a bill subjecting...
by ManagerJill | Oct 17, 2025 | Uncategorized
The IRS has released the 2026 Federal Income Tax Brackets and Standard Deductions, as well as increases in long-term capital gains brackets and the earned income tax credit, among others. Other deductions and credits that were passed as part of July’s One Big...
by ManagerJill | Sep 9, 2025 | Uncategorized
IRS assesses $162 million in penalties over false tax credit claims tied to social media IR-2025-90, Sept. 8, 2025 WASHINGTON — The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote...
by ManagerJill | Sep 4, 2025 | Uncategorized
Hello and welcome to September! With the year nearly 3/4 of the way through, this is a good month to make sure you are up to speed on your tax planning in order to take advantage of some benefits that will be expiring, as well as keeping up on year-end due dates that...
by ManagerJill | Jul 11, 2025 | Uncategorized
Updated July 16, 2025 On July 4, 2025, Donald Trump signed the “Big Beautiful Bill” into law. While this bill does have many different facets, some of these will have an effect on both your finances and your taxes. While this summary does not encompass everything that...
by ManagerJill | Jun 5, 2025 | Uncategorized
On March 25th, President Trump signed an executive order mandating that by September 30, 2025 all federal departments and agencies end their use and acceptance of paper payments, including checks and money orders. Under the order, any payments made to the IRS...
