Taxpayers have long relied on postmarks as proof of timely mailing, and that hasn’t changed. The IRS continues to honor the “timely mailing equals timely filing” rule under Internal Revenue Code §7502: if your envelope is properly addressed, has sufficient postage, and is postmarked on or before the due date , your return is considered filed on time. For a full list of filing and payment deadlines, see IRS Publication 509 . What's new? A Subtle Change What’s new is how USPS t

Tax season doesn’t have to feel overwhelming. With a little preparation now, you can make filing faster, easier, and far less stressful. The IRS even provides a helpful roadmap to get you started — and one of their biggest tips is simple: gather and organize your tax records early . Below, we’ll walk through some of the key items you should collect and why they matter. And we will share a few other tips to help your tax season go more smooth. Gather All Your Income Forms Bef

When planning for retirement, Individual Retirement Accounts (IRAs) are among the most popular tools. But should you choose a Traditional IRA  or a Roth IRA ? Both offer tax advantages, yet they work very differently—and understanding those differences can help you make the best decision for your financial future. What They Have in Common Contribution Limits:  For 2025, you can contribute up to $7,000  across all IRAs combined, or $8,000  if you’re age 50 or older thanks to t

The holiday season is a busy time—and unfortunately, it’s also prime time for scammers. The Indiana Department of Revenue (DOR) has recently issued warnings about fraudulent text messages and other scams targeting taxpayers. And we've also seen a rise in the number of scams targeting business owners who use online accounting software, such as QuickBooks. Here’s what you need to know to keep your personal and financial information safe. Beware of a Text Message Scam involving

As an accounting firm, we pride ourselves on delivering accurate and insightful financial reports to our clients. However, many business owners may not realize that QuickBooks Online offers a robust suite of reports that go far beyond the standard financial statements. QuickBooks Online empowers users with on-demand access to a wide variety of reports that can help them better understand their business performance, manage cash flow, and make informed decisions. From profitabi

As a small business owner, managing paperwork can feel overwhelming—but knowing how long to keep your records is essential for staying...

Running a small business means wearing a lot of hats. You're managing operations, marketing, customer service—and somewhere in the mix,...

Earlier this year, we shared news about the U.S. Treasury’s directive to stop issuing and accepting paper checks. Now, the IRS has taken...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

Summertime is common time for wedding bells to ring, and newlyweds can make their tax filing easier by doing a few things now. A...

When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the...

As we move through 2025, the IRS is urging taxpayers to take a proactive step that could save them stress and money come tax season:...

On March 25, 2025, President Donald J. Trump signed an Executive Order to modernize how the government handles money, switching from...

This week the Internal Revenue Service celebrates National Small Business Week , recognizing that small businesses serve as the backbone...

To ensure individuals properly report all their income, the IRS has an ever-expanding series of information-reporting forms used to...

For 2024, there were no major changes to federal tax law. In December 2022, the SECURE Act 2.0 was passed, which made many changes to...

The IRS has issued final regulations on the changes made to the required minimum distribution rules, as reflected by the SECURE Act of...