Blog
Should You Take 100% Bonus Depreciation?
100% bonus depreciation gives businesses a powerful opportunity to immediately deduct the cost of many qualifying assets. That sounds like an easy decision. Why spread a deduction over several years when you can potentially take the entire amount now? Because the biggest deduction isn't always the best tax...
Is Becoming an Enrolled Agent Worth It?
If you're a tax preparer, bookkeeper, accountant, or someone looking to build a career in taxation, you've probably asked yourself: "Is becoming an Enrolled Agent worth it?" The short answer is yes; for many tax professionals, earning the Enrolled Agent (EA) credential can open new career opportunities, increase...
The New Tips Deduction Has a Problem
When Congress created the new Tips Deduction under the One Big Beautiful Bill Act (OBBBA), many tax professionals assumed the rules would be straightforward. If a self-employed client receives tips, they should qualify for the deduction. Right? Not necessarily. As the IRS continues implementing OBBBA, one of the...
Why Clients Owe Money Even When Taxes Are Withheld From Every Paycheck
One of the most common questions tax professionals hear each filing season is: "How can I owe taxes? They're already taking taxes out of every paycheck." It's a fair question, and one that's becoming even more common. Many taxpayers assume that federal income tax withholding automatically matches what they'll owe...
LLC vs S Corporation: Which Is Better for Taxes in 2026?
Small business owners hear a lot of advice about choosing a business structure. "You should form an LLC." Or: "You need an S corporation to save on taxes." Neither statement is always true. Choosing between default LLC taxation and an S corporation election depends on several factors: Business...