With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to prepare for filing their 2025 federal income tax returns. One of the most important steps taxpayers can take is to access their IRS Individual Online Account . IRS Individual Online Accounts are available 24/7, to view account information, make payments, manage communication preferences and protect tax information. Another very important aspect

6 IRS changes

When paying your workers, it’s crucial to understand the difference between Form W-2 and Form 1099 , not just to stay compliant with the IRS but also to maximize your tax deductions and avoid penalties. (w-2 vs 1099) What is Form W-2? Form W-2 is used to report the income of an employee. If you control what the worker does, when and how they do it, they are likely an employee, not a contractor. Key Features: Applies to employees The employer withholds federal, Social Secur

Choosing the rigth platform to strengthen your online presence can feel overwhelming, especially when your goal is to grow your business effectively.

Running a business presents unique challenges and opportunities that can significantly impact retirement planning.  Here, we’ll share some reasons why retirement planning differs for business owners and explore key considerations they should keep in mind. Business Owners Are Both Plan Sponsor and Contributor One of the primary distinctions for business owners is the dual role they often play as both business operators and retirement planners. Unlike employees who contribute t

Imposter syndrome is the persistent feeling of being a fraud despite evident success, competence, or accomplishments.

President Donald Trump’s proposed tax initiatives promise lower rates, fewer deductions, and big shifts in how income is taxed. However,...

In New York City, any business or professional performing renovations, repairs, or home improvement valued $200 or more

home office deduction

ChatGPT can act like your personal AI assistant, generating professional-sounding drafts,

About taxes in December, especially in New York, can make the difference between a smooth tax season or a real headache

New York employees who are pregnant will be entitled to 20 hours of paid prenatal leave within any 52-week period.

Beneficial Ownership Information

The tax strategies for business owners deducting car expenses begin with the question of whether to use the relatively simpler standard...

Despite the desire to grow their usage of contractors, small businesses often lack efficient and scalable processes for managing this...

By Esteban Escalona Mónica Lorca Correa is an entrepreneur from Wappingers Falls and owner of the Los Hornitos Bakery. She arrived from...

The tax strategies for business owners deducting car expenses begin with the question of whether to use the relatively simpler standard...

Small businesses are increasingly optimistic about the future, at least according to a survey by CNBC and SurveyMonkey, and there are...

Tax planning It is the set of practices and strategies that aim to reduce or postpone the tax burden within current legislation. "In this...

Tax season The IRS encourages taxpayers to take steps now to get ready to file their 2023 individual federal tax return (Tax season)....