Texas Property Taxes & Tax Exemptions in 2025
Texas might seem like a tax haven for residents, with no state income tax, until you factor in the Texas property tax. Not only is Texas’ property rate one of the highest in the country, overtaking California by a large margin, but the taxation process is also quite complex. Real estate accounting is a complex […]
How to File IRS Form 1310: Everything You Need to Know
“How do I handle filing taxes and tax refunds when a loved one is deceased? This is an emotional time.” If the deceased never filed taxes jointly or didn’t appoint an executor, you’d have to use IRS Form 1310. The form is used when you’re claiming a refund for a deceased person, but you aren’t […]
California Estate Tax: Here’s Why you Have to Act Fast?
Are you a California resident seeking to maximize your wealth, protect your loved ones, and minimize taxes through effective estate planning? With 2025 ushering in the final year of high federal exemptions, estate planning has never been more crucial. California Estate Tax: This blog explores innovative, legally approved strategies—like lifetime gifting, trusts, and step-up in […]
Everything You Need to Know About IRS Form 1096
When tax season rolls around, most businesses focus on issuing 1099s—but many overlook a crucial piece of the paperwork puzzle: IRS Form 1096. If you’re filing information returns by paper, skipping this one-page summary form could cost you in penalties and processing delays. So, what exactly is Form 1096? Who needs to file it? And […]
The SALT Deduction and How to Benefit From It 2025
The SALT deduction has been a subject of much contention, as it aims to provide relief to taxpayers in high-tax states. The SALT deduction rule corrects double taxation; however, some view the cap as unfairly taxing income that has already been paid to state or local governments. The recent expansion of the cap under the […]
How to Claim an Undelivered or Unclaimed Tax Refund?
Are you expecting a tax refund that never arrived? Navigating unclaimed federal tax refunds is made easy with the IRS setting a clear path to help you claim what’s rightfully yours. If you have unclaimed tax refunds, you’re not alone. Each year, thousands of U.S. taxpayers face issues with undelivered, missing, or unclaimed tax refunds. […]
Texas Tax Exempt Form Explained
Whether you’re running a nonprofit, managing a government entity, or purchasing inventory for resale, understanding how to properly use the Texas Sales and Use Tax Exemption Certificate (Form 01-339) can result in significant savings on purchases. Merely qualifying for exemption isn’t enough. Many organizations miss out on valuable tax relief due to incorrect usage, incomplete […]
Tax Loopholes for Small Business
Navigating small business tax loopholes can save startups, freelancers, and e‑commerce businesses thousands annually—if done correctly. While the term “loophole” may sound controversial, most of these are perfectly legal methods to minimize tax liability. Here’s a guide to leveraging top business tax loopholes and deductions, plus how partnering with the right bookkeeping services, tax services, […]
Payroll Taxes in California: An Employer’s Guide in 2025
The Tax environment in California is notoriously strict. Your entire payroll history could be audited and subject to retroactive payroll taxes, penalties, and interest for something as simple as misclassifying an independent contractor as a freelancer or an employee. In other words, with payroll taxes in California, one small mistake can trigger years’ worth of […]
Legal Tax Loopholes: 10 Little-Known IRS-Approved Strategies
Every year, millions of Americans leave money on the table simply because they don’t know the tax breaks they’re entitled to. Beyond the standard deductions and retirement contributions lies a hidden layer of the U.S. tax system—one filled with overlooked strategies or legal IRS tax loopholes designed to reward business owners, investors, and proactive planners […]
