A little over one year after our initial Helpful Info article on the pitfalls of using tax advise from social media, we continue to get tons of questions on "tax topics" that people see on popular social media platforms. We figured an updated article on the topic couldn't help. Just in case you didn't see our last article (or TL:DR), here's the quick version of that article -- don't take tax advise from social media...period.

The IRS has issued final regulations addressing several SECURE 2.0 Act provisions relating to catch-up contributions. (Catch-up contributions are additional contributions under a 401(k) or similar workplace retirement plan for employees age 50 or older.) In this Helpful Info article, we're going to explain the final regulation and how it impacts the average taxpayer.

Artificial intelligence is a fantastic assistant. It can draft checklists, surface IRS publications in a pinch, and even summarize complex topics. But when it comes to your taxes and the financial decisions behind them, AI is a tool — not a trusted advisor. For individuals and business owners, the difference matters.

We all love a fun treat from time to time. Our team has put together a fun Halloween and accounting themed wordsearch for those of you who love puzzles! Click the button below to download a printable version. Legal Disclaimer: This post contains general information for taxpayers and should not be relied upon as the only source of authority. Taxpayers should seek professional tax advice for more information. This information was current at time of posting; we are not responsib

Have you heard of the Bank Secrecy Act? Do you know the acronym FBAR? If you have a bank or financial account out the US, you should!

We know lots of people are beginning to hear about the changes to tax law after the passage of the One Big Beautiful Bill Act (OBBBA). We have some helpful information on how the IRS will be interpreting which occupations are tipped and which aren't.

In 2026, employees will be able to save an additional $100 annually in their health savings account (HSA). For 2026, a high-deductible HSA must have an annual deductible of not less than $1,700 for self-only coverage; $3,400 for family coverage. The HSA must also meet the following limits. 2026 annual contribution limits: $4,400 for individual, self-only coverage; $8,750 for family coverage; and $1,000 catch-up contribution (age 55+). 2026 limits on out-of-pocket expenses: $8

The United States Treasury has been ordered to cease issuing and accepting paper checks.

Earlier this year, the Social Security Administration announced it would discontinue certain identity verification services over the telephone. The agency reversed that announcement in mid April. Here is a quick overview of what happened.

The IRS has released the 2025 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2025 standard mileage rates compared to the 2023 and 2024 standard mileage rates. all rates are per mile 2025 2024 2023 Business Rate* 70.0¢ 67.0¢ 65.5¢ Medical/Moving Rate** 21.0¢ 21.0¢ 22.0¢ Charitable Rate 14.0¢ 14.0¢ 14.0¢ Depreciation Rate

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the COLA increase has averaged about 2.6 percent. The COLA was 3.2 percent in 2024. Nearly 68 million Social Security beneficiaries will see a 2.5 percent c

Misleading information on what is and isn't a valid medical expense is starting to become a big problem.

The IRS announced work is underway on the Simple Notice Initiative, a sweeping effort to simplify and clarify millions of mailed letters.

A third party settlement organization (TPSO) is required to file an information return for each calendar year with respect to payments made in settlement of certain reportable payment transactions. Form 1099-K, Payment Card and Third Party network Transactions, is the form that settlement entities file to meet the reporting requirement. A typical example is when a customer purchases goods or services from a business using a credit card. The credit card company in turn is requ

We all love a cozy warm drink on a cold winter day. Here are the three warm, delicious drinks that our staff loves to make!

Doesn't it feel great to be prepared and check essential things off your company's to-do list? While your organization's year-end date may not be December 31st, the long list of tasks to complete can seem daunting; but it doesn't have to be that way. Here are our five tips on how to prepare for a successful year-end! First Step - Organization As with any task these days, your first step is getting organized. Ensure you have reconciled all of your banking accounts for the year

It's Friday at 4 pm, and you are looking back at all of your successes for the week -- increasing sales over last year, completing that big project, or landing a new account. As you do one final check of your email for any last-minute quick-fixes, you see the sticky note on your desk: Remember to ___________. It doesn't matter what you are reminding yourself to do because it is the one task you do not like doing. Maybe it is processing payroll for next week. Perhaps it is sen