What are the Key Tax Implications for Businesses and Individuals with Trump’s “One Big Beautiful Bill” that is currently being considered by the Senate?
On May 22, 2025, the U.S. House of Representatives passed the "One Big Beautiful Bill Act" (OBBB), which has now moved to the Senate for consideration and includes a tax and spending package which will have a significant impact on tax liability and tax planning options for individual taxpayers and businesses. So what could it mean for you?
8 Tax Savings Strategies Every Healthcare Entrepreneur Should Know
Navigating the complex landscape of healthcare is already challenging, and when mixed with complicated business tax filing it can be a real headache. Whether you’re a physician, dentist, therapist, or practice owner, understanding how to strategically reduce your tax liability is essential to maximizing your income and growing your practice.
The IRS’s Dirty Dozen: Tax Scams to Watch Out for in 2025
Tax season isn’t just about paperwork and deadlines—it’s also a time to stay vigilant against potential scams. Each year, the IRS releases its Dirty Dozen list, highlighting the most common tax-related scams.
New Deadline for Beneficial Ownership Information Reporting: What Business Owners Need to Know
A Fifth Circuit Court of Appeals ruling on Monday December 23rd has now lifted the December 3rd injunction against the Corporate Transparency Act (CTA) and its reporting requirements, reinstating the initial deadline for filing beneficial ownership information (BOI) reports. The Financial Crimes Enforcement Network (FinCEN) has extended the deadline for most reporting companies to file BOI reports to January 13, 2025.