Early preparation for income tax filing is always a good idea. This year, it’s a must. We don’t have to tell you that the 2025 tax year is going to be challenging. Though Congress can make changes to the tax code up until December 31, 2025, we already know that many tax law changes that will be implemented because of the legislation that was recently passed. How is this going… Read More
Understanding the Estate and Gift Tax Exemption
The estate and gift tax exemption is a crucial aspect of tax planning for individuals looking to transfer wealth while minimizing tax liabilities. This exemption allows individuals to transfer a certain amount of assets either during their lifetime or upon their death without incurring federal estate or gift taxes. Understanding the Estate and Gift Tax Exemption The estate and gift tax exemption is set by the federal government and adjusted… Read More
What to Do When You Don’t Pay Enough Estimated Taxes
Paying estimated taxes is an essential responsibility for freelancers, business owners, gig workers, and others with untaxed income. But what happens if you didn’t pay enough throughout the year? Whether it was an honest mistake or unexpected income changes, here’s what you need to know—and do—if you underpaid your estimated taxes. 1. Understand Why It Matters The U.S. tax system is pay-as-you-go. This means you’re expected to pay taxes as you… Read More
Tips for Managing your Business’s Online Reputation
In the current social media landscape, it’s important to manage your business online and maintain a positive online reputation with the general public. What is Online Reputation Management Online reputation management is all about how you are perceived by the internet. People use the internet to check out your reviews and social media to see if your business is right for them. Having an online presence can help your business… Read More