Key Takeaways DIY tax software can work for very simple, low-income businesses, but it assumes you already know how to classify transactions and identify tax opportunities. A professional...
Key Takeaways Personal and business identification details, including Social Security numbers and business IDs Complete income records Documentation that supports deductions, credits, and major purchases Proof of tax...
Key Takeaways W-2s and 1099-NECs must be sent to workers by February 2, 2026 (for the 2025 tax year). Those same forms must also be filed with the...
Key Takeaways You only need 5–9 true KPIs for effective 2026 planning. KPIs should connect directly to a specific financial or strategic goal. Too many KPIs dilute focus...
Season’s greetings from the Rhyne CPA & Associates, PLLC team. For you and me both, this week can feel like a blur – trying to finish out last-minute year-end...
Key Takeaways It is not too late to create meaningful tax savings before December 31, but the remaining moves are very timing-sensitive. Low-cost, in-stock equipment and supplies are...
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in 2026.) New R&E rules aren’t automatic....
Key Takeaways Verify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create big filing issues. Review 2026 compensation rules...
Key Takeaways Company-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or managers. Meals with clients are typically only 50%...
Research shows that there are 10 things that exempt you from early withdrawals of IRAs First-time home purchase You can withdraw up to $10,000 (lifetime limit) for qualified home...