Tax Insights
Explore expert blogs, guides, and advice tailored for small business owners and individuals.
IRS Red Flags in 2025: What Triggers an Audit Now?
The IRS audit rate may be low, but certain red flags dramatically increase your chances of scrutiny. From unreported income discrepancies to excessive business deductions, understanding what triggers audits in 2025 helps you file confidently and avoid costly complications.
Social Security Tax Relief: How the One Big Beautiful Bill Act Changes Your Retirement Income
The One Big Beautiful Bill Act has sparked confusion about Social Security taxation changes. We cut through the myths to explain what the proposed "senior deduction" really means for your retirement taxes and who actually benefits. Learn more.
5 Common Tax Mistakes High-Income Professionals Make — And How to Avoid Them
High-income professionals often leave thousands on the table due to preventable tax mistakes. From overlooking retirement plan limits to poor entity structure choices, these costly errors can significantly impact your wealth. Discover five common pitfalls and actionable strategies to maximize your tax savings.
Navigating the New 1099 NEC Audit Landscape for Gig Workers
Navigating tax season can be tricky for gig workers, especially with the 1099 NEC forms now under greater IRS scrutiny. Discover common audit triggers, expert tips for record-keeping, and practical steps to correct errors. Minimize your audit risk and take control of your taxes with this essential guide! Read more to stay informed.
Tax Planning Tips for New Business Owners
Struggling with tax planning as a new business owner? This guide breaks down essential tips to help you stay compliant, maximize tax savings, and avoid costly errors. Whether it's understanding deductions or keeping accurate records, we’ve got you covered. Read on to take control of your taxes with confidence!
Can I Deduct My Home Office? A Simple Guide
Thinking of deducting your home office? Be careful — the IRS has strict rules. The space must be used exclusively for business. Here’s a quick guide to help you stay on the right side of the tax code — and get the most out of your deduction.