As we reach the halfway point of 2026, now is an excellent time to review your tax withholding and estimated tax payments. Taking a few minutes to evaluate your current tax situation can help you avoid surprises at tax time and keep you on track for the rest of the year. For Individuals: Many life […]
Mid-Year Tax Withholding Check: Avoid Surprises Next Tax Season Read More »
The second quarter estimated tax payment for tax year 2026 is due on June 15, 2026. Estimated tax payments are generally required for individuals who expect to owe at least $1,000 in federal income tax after withholding and credits. This commonly includes: – Self-employed individuals– Independent contractors– Gig workers– Rental property owners– Investors with significant income not subject to
Reminder: Q2 2026 Estimated Tax Payments Due June 15 Read More »
The U.S. Department of the Treasury recently launched the new Trump Accounts mobile app, giving families a centralized way to enroll in, activate, and manage Trump Accounts for eligible children. The app became available nationwide in late May 2026 and serves as the primary interface for the program ahead of its full rollout on July
New for 2026: The Trumps Account App is Now Available Read More »
Receiving a letter from the IRS can feel stressful for both individuals and business owners. Fortunately, most IRS notices are routine and can often be resolved quickly when handled promptly and correctly. The most important thing to remember: don’t ignore IRS correspondence. Why the IRS Sends Notices The IRS sends letters and notices for many reasons, including,
IRS Notices & Letters: What to Do When You Receive One Read More »
For decades, Washington has stood out as one of the few U.S. states without a personal income tax. That could change soon. In early 2026, state lawmakers introduced legislation proposing a new income tax on households earning over $1 million annually, often referred to as the “Millionaires Tax.” Key Details of the Proposal: If the proposed Washington State
Washington State May Introduce an Income Tax for Individuals: What You Should Know Read More »
If you’re planning any business travel this year — conferences, client meetings, networking events, or even scouting new opportunities — this is something you’ll want to review first. Business travel can create valuable tax deductions… but only when it’s handled correctly. We regularly see business owners miss deductions because they didn’t keep proper documentation — or
Traveling for Business? Read This First Read More »
Running a business requires more than just staying busy — it requires staying proactive. One of the biggest differences we see between businesses that feel in control and those that feel constantly behind is simple: they work on their business quarterly, not just during tax season. To help you stay ahead, we have created a simple Quarterly
Your Quarterly Business Roadmap for an Improved Fiscal Year Read More »
February is an ideal time for both individuals and business owners to review financial records and make sure everything is complete and accurate before tax returns are filed. While many key deadlines fall in January, important cleanup and confirmation work often happens in February — and taking care of it now can help prevent delays,
💡Preparing Your Financial Records for Tax Season: Are You Ready to File? Read More »
The IRS has continued to expand its online services, making an IRS online account a valuable tool for both individuals and business owners. Creating an account gives you secure, direct access to your tax information and can help you stay informed and organized throughout the year — especially during tax season. The future is now! An IRS online
🌐Why Should You Create an Online IRS Account? Read More »
The beginning of the year is the perfect time for small business owners to get organized, review finances, and plan ahead. Taking a few proactive steps now can save headaches later and help set your business up for success in 2026. 1. Organize Your Financial Records Start by gathering your 2025 financial documents, including: 2.
3 Things Every Small Business Owner Should Do at the Start of the Year Read More »
