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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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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…
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2023 State of the Union: A Closer Look at the Tax Proposals
President Biden made several references to tax-related issues in the 2023 State of the Union this week. Let’s look at a few of the items. One of his most referenced topics, even before the speech, is the issue of corporate tax in America. He has repeatedly used a statistic that claims that 55 of the…
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The Ultimate Startup Checklist: What Every Entrepreneur Needs to Know
Ready to embark on the entrepreneurial journey and turn your business ideas into a reality? Or perhaps you’ve already taken the first step but feel there’s still more to be done to ensure success. Whether you’re just starting out or looking to take your business to the next level, it’s important to consider all the…
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2023 Tax Deductions to Review (Part 1)
Historical Content: This article was published in 2023 and the dollar amounts, income limits, and credit values referenced may have changed. The OBBBA (July 2025) updated many tax provisions including the Child Tax Credit (now $2,200/child). Check current IRS guidance for up-to-date figures. Every year there are additions, deletions, and changes to the deductions available…
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Get Your Taxes Right: A Complete Overview of 1098, 1099, and W-2 Forms
Get Your Taxes Right: A Complete Overview of 1098, 1099, and W-2 Forms It’s January and you started receiving emails and forms in the mail. It’s Tax Season! Have you ever wondered about all those tax forms and thought about how many there are? Here is a list of most of them and why you…
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History of US Income Tax (Part 2)
The previous article discussed the 1st US income tax with the Revenue Act of 1861 and its repeal in 1872. During the time after that, the nation’s financial system was being strengthened, and there was a growing recognition that the government needed a more consistent and reliable source of revenue to fund its operations. These…
