Stay informed with the latest tax tips, strategies, and updates from your trusted Enrolled Agent
OBBBA raised the Child and Dependent Care Credit's top rate to 50% for 2026. Here's how the new sliding-scale rate affects daycare, camp, and after-school costs.
Minnesota families can claim a K-12 education credit and subtraction for school costs. Here's how both work, plus federal AOTC and LLC credits for 2026.
Hiring your first W-2 employee means new payroll tax obligations. This 2026 guide covers FICA, FUTA, Form 941, deposit deadlines, and Minnesota requirements.
Deciding between 1099 and W-2 for your first hire? Learn the IRS worker classification test, misclassification penalties, and how to document your decision.
High earners can't contribute directly to a Roth IRA — but the backdoor strategy offers a legal workaround. Learn the steps, Form 8606, and the pro-rata trap.
The SECURE Act changed inherited IRA rules for most beneficiaries. Learn the 10-year rule, who still qualifies for the stretch, and why tax planning matters.
A complete guide to rental property taxes: Schedule E, deductions, depreciation, passive loss rules, and short-term rental tax treatment.
AI bookkeeping tools save time on data entry — but they can't read intent. Learn where automation helps and where human review protects your books.
Sole prop, partnership, S Corp, or C Corp? Here's a practical framework to help you choose the right business structure for your situation.
A 2025 federal court ruling may entitle taxpayers to refunds on late filing and payment penalties assessed during the COVID disaster period. Deadline: July 10, 2026.
Most business owners only look at their numbers at tax time. Here's why that's too late — and a practical review cadence plus realistic financial benchmarks to actually use.
Work from home and run your own business? The home office deduction can reduce your tax bill — but only if you meet the requirements. Here's how it actually works.
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