Startup Costs and Taxes: What You Need to Know Before Filing
The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number of businesses applying for an Employer Identification Number. If you’re one [...]
Don’t Let Q2 Estimate Tax Payments Slip Through Your Fingers
June is here, and you know what that means – Q2 estimated tax payments are knocking on your door like that friend who always shows up right when you're settling in for a Netflix binge. [...]
5 Tax Breaks on the Table: What Business Owners Should Know About the Latest Proposals
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. [...]
Tax Breaks in 2025 and How The One, Big, Beautiful Bill Could Change Them
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s [...]
The IRS Recently Announced 2026 Amounts for Health Savings Accounts
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA basics An HSA is a trust [...]
Budgeting and Forecasting: Your Keys to Financial Stability and Growth
In today's fast-paced business world, financial clarity is not just beneficial—it's indispensable. Effective budgeting and forecasting are essential tools that provide a strong foundation for both stability and growth, regardless of your company’s size or [...]
Hiring Independent Contractors? Make Sure You’re Doing It Right
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying [...]
Can You Turn Business Losses Into Tax Relief?
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income in later years. Who qualifies? [...]
Critical Challenges Facing Today’s Business Owners
Running a business in California brings many opportunities, but also a unique set of challenges for employers. Employers today must navigate legal compliance, talent management, remote work issues, and rising costs, all while trying to [...]
What Tax Documents Can You Safely Shred? And Which Ones Should You Keep?
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button, remember [...]