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Can’t Pay Your 2025 Tax Bill? A Business Owner’s Decision Tree
A 2025 tax bill you cannot pay in full is common in small business. The IRS offers four paths. Pick the one that matches your cash flow reality.
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Welcome to Tax Season 2024
The tax filing season has officially commenced! With the IRS now accepting and processing 2023 federal individual tax returns, it’s time to dive into the paperwork. But fear not, dear taxpayers, for this year promises a more streamlined experience, complete with extended support and improved tools to ease your journey through the tax forest.
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Navigating BOI Reporting: A Guide for Small Business Owners
Update (April 2026): FinCEN ruled on March 26, 2025 that all domestic entities (U.S. corporations, LLCs, and partnerships) are exempt from Beneficial Ownership Information (BOI) reporting. The filing requirements and penalties described in this article no longer apply to domestic companies. Foreign entities should check current FinCEN guidance. Read our full update here. BOI Reporting…
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Inflation Reduction Act: A Comprehensive 1-Year Report Card
Update (April 2026): The Inflation Reduction Act clean energy provisions discussed in this article have been significantly modified by the One Big Beautiful Bill Act (July 2025). EV tax credits were terminated for vehicles acquired after September 30, 2025, and other clean energy incentives were altered. Check current guidance before relying on these provisions. The…
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Securing a Strong Retirement Act of 2022 (SECURE 2.0)
Update (April 2026): The SECURE 2.0 provisions described as “upcoming” or “starting in 2025” in this article are now in effect. Contribution limits and thresholds have been updated since publication. Check current IRS guidance for the latest figures. The Securing a Strong Retirement Act of 2022 (SECURE 2.0) is a comprehensive legislation designed to strengthen…
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What Investors and Regulators Can Learn from Silicon Valley Bank’s Collapse
Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection and Innovation (DFPI) citing inadequate liquidity and insolvency. DFPI determined that SVB was no longer able to operate safely and soundly and placed the bank under conservatorship or receivership. DFPI has turned over the receivership of SVB to the Federal Deposit Insurance…
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Ever Wondered How Your Tax Professional Manages Your Tax Affairs? Enter the Tax Pro Account
As a taxpayer, you may wonder how tax professionals handle your tax affairs and communicate with the IRS on your behalf. The IRS has a solution for that: the Tax Pro Account. This online service is available to tax professionals who represent clients before the IRS, allowing them to access their clients’ tax information and…
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Small Transactions, Big Impact: How the New 1099-K Rules Affect You
Discover how the new 1099-K rules will impact online sellers in 2023. Learn what you need to know and how to stay compliant in our latest blog post.
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Streamline Your Startup with Atlas: Everything You Need to Know
So, you’re looking to start a business and have come across the Atlas incorporation service offered by Stripe? Well, the Atlas service can certainly simplify the process of setting up a company in Delaware and offers several valuable benefits for founders. It’s not the first as sites such as legalzoom, incfile, bizfilings, and other have…
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Presidential speeches on tax reform – a selection from recent years
Listening to President Biden’s recent State of the Union speech and the tax policies he proposed, we decided to review some past SotU speeches from Presidents and see what tax policy references were made. Also of note is what congress looked like and what possible tax laws came out of it. Here are some highlights…
