Category: Tax
Key Tax Changes for Individuals, Families, and Business Owners in OBBBA
In July 2025, a major piece of new tax legislation called the One Big Beautiful Bill Act was signed into law. Here are some key changes that could affect you, your family, and your business. The legislation makes permanent many tax changes that were introduced in 2017 but set to expire in 2026. These include […]
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Holiday Scams to Watch Out for This Season
The holiday season is a time for celebrating with those closest to you, but it’s also prime time for holiday scams. Unfortunately, fraudsters ramp up their efforts at this time of year to exploit holiday cheer for financial gain, so it’s important to stay alert and protect yourself from falling victim to a scam. Here […]
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New No Tax on Tips Deduction Explained
With the enactment of the One Big Beautiful Bill Act in July 2025, a new deduction for tips is effective for tax years 2025 through 2028. Here is a summary of the new provision and the occupations that will be affected. Deduction explained Employees and self-employed individuals may deduct up to $25,000 per year of […]
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Employer Open Enrollment: Make Benefit Choices That Work for You
According to the Kaiser Family Foundation, the average cost of health coverage for a family of four was $25,572 in 2024. While employers contributed the lion’s share, $6,296 of that amount was paid by employees. Employees have largely been spared from painful premium hikes over the last few years, but 2026 is likely to be […]
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Tax Form 1099-K: What you need to know
Form 1099-K is an IRS information return used to report certain payment transactions for goods and services. It is not a new form, but legislation changes in March 2021 significantly decreased the filing threshold that was scheduled to be implemented for the tax year 2022. The IRS has delayed the change in the filing threshold […]
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