The IRS Is Going Digital: What the Phase-Out of Paper Refunds Means for You
The IRS has announced significant changes that will reshape how taxpayers file, receive refunds, and communicate with the agency. At the center of these updates is the phase-out of paper refund checks, which officially began on September 30, 2025, as part of a broader federal initiative to modernize tax administration. Paper Refunds Are Being Phased […]
How International Taxation and Tariffs Impact Your Business: What You Need to Know
For businesses operating globally or relying on imported inputs, recent changes in U.S. tariff and international tax policy are far more than abstract policy shifts—they have real costs and risks. Understanding the numbers can help you plan more effectively and avoid unpleasant surprises. Key Cost Figures Tariff revenues from new U.S. import tariffs in 2025 […]
Fall Is the Perfect Time for Year-End Tax Planning
As the leaves turn and the year winds down, fall brings more than just cooler weather and holiday planning—it’s also the ideal time to think about year-end tax strategies. By acting now, individuals and business owners can take advantage of opportunities to reduce taxable income, maximize deductions, and avoid surprises when filing in April. Why […]
Roth IRAs: The Pros and Cons You Need to Know
When it comes to retirement planning, a Roth Individual Retirement Account (IRA) is one of the most powerful tools available. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, which means your contributions aren’t tax-deductible up front—but the trade-off can be significant long-term advantages. Before opening one, it’s important to understand both the benefits […]
Back-to-School, Back-to-Business: Fall Accounting Tips
As summer winds down and routines fall back into place, autumn is the perfect time to take stock of your finances. Whether you’re a business owner preparing for year-end or a family managing back-to-school expenses, a little planning now can make the months ahead smoother. For Businesses Quarterly Review Check your books for accuracy and […]
How QuickBooks Online Can Save You Time and Simplify Your Business
Running a business means juggling a lot—sales, customers, employees, and, of course, the financial side. Bookkeeping and payroll are often the most time-consuming tasks, but thanks to QuickBooks Online (QBO) and its new AI features, those tasks are now easier, faster, and more accurate than ever. Less Time on Paperwork, More Time on Business QBO’s […]
Why Every Growing Business Needs KPI Tracking in 2025
Running a successful business today requires more than just keeping an eye on your bank account or reviewing financial statements at year-end. To truly understand performance and make proactive decisions, business owners need clear and consistent insight into their Key Performance Indicators (KPIs). As we enter 2025, KPI tracking has become an essential tool for […]
What Connecticut’s $420M Tax Surplus Means for Residents & Businesses
Connecticut ended its fiscal year on June 30 with an unexpected $420 million surplus in tax revenue, well above the $190 million post-session surplus lawmakers had anticipated. This positive fiscal surprise is being welcomed by state officials, but the real question is: What does it mean for residents and businesses? How the Surplus Happened The […]
Key Tax Credits for Individuals Slated to End in 2025
The “One Big Beautiful Bill Act” (OBBBA) signed into law on July 4, 2025, accelerates the expiration of several major clean energy tax incentives originally created under the Inflation Reduction Act (IRA). Below is a breakdown on what is changing and when. Residential Clean Energy Credit 30% credit for new solar panels, wind systems, geothermal […]
White House Weighs Removing Capital Gains Tax on Home Sales
The current administration is considering a policy that could significantly benefit homeowners: eliminating the federal capital gains tax on the sale of primary residences. If enacted, this change could unlock major tax savings—especially for long-term homeowners facing large gains due to rising home prices. What’s the Proposal? Under current law, homeowners can exclude up to […]
