Year End Tax-Loss Harvesting: Don’t Leave Money on the Table
Tax-Havesting: What, Who, and Why A Simple Year-End Tax Planning Process Common Mistakes and Checklist About Community CPA As the year comes to a close, many investors are taking stock of their investment portfolios and thinking about taxes. While not the most exciting combination, it is one that can make a meaningful impact on your […]
Small Business Grants & “Free Money” in 2025: What Entrepreneurs Need to Know
Understanding Small Business Grants Federal and State Grants Private, Corporate, and Nonprofit Grants About Community CPA For many small business owners, the search for grants, or what people often call “free money,” can quickly become overwhelming. Information online is often outdated, incomplete, or unclear, and business owners find themselves spending hours trying to sort through […]
Ways to Reduce Tax Liability: Year End Tax Planning Strategies for 2025
Individual Tax Planning Strategies Individuals: Changes from the OBBBA Business Tax Planning Strategies About Community CPA As 2025 is quickly coming to a close, individuals and business owners alike are turning their attention to year-end tax planning. Employing the right tax planning strategies is essential for reducing your tax liability and positioning yourself for financial […]
Avoiding Late Fees & Penalties: Everything You Need to Know About the Deadline for Tax Extensions
What an Extension Really Means Individuals and C-Corporations Working with a CPA and Looking Ahead About Community CPA If you filed for an extension earlier this year, the clock is ticking. For most individual taxpayers and calendar-year C corporations, the final deadline to submit your extended tax return is October 15, 2025. This is your […]
What Small Business Owners Can Learn from President Trump’s 2020 Tax Return
Why Look at Trump’s Tax Return The Big Picture and Main Lessons Big Takeaways for Small Businesses About Community CPA Tax season can feel overwhelming, but it is worth remembering that everyone, from small business owners to billionaires, files under the same system. One of the most publicized examples in recent years is President Donald […]
The Impact of the OBBBA on Mid-Year Tax Projections & Adjustments
What’s Already in Effect for 2025 Opportunities to Act Now Mid-Year Tax Projections About Community CPA The enactment of the One Big Beautiful Bill Act (OBBBA) has made noticeable waves through the mid-year tax landscape, prompting both businesses and individuals to revisit their financial forecasts. With changes to deductions, credits, and withholding structures, the OBBBA […]
The Impact of the OBBBA on Individual Tax Planning: Key Takeaways
The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, bringing with it significant changes to tax provisions that will ultimately impact most Americans. Some of these changes have already gone into effect, while others will be rolled out over the next few years. But—whether now or later—this legislation will […]
How To Do Business With an ITIN
Unlocking business potential with an ITIN Many entrepreneurs in the U.S. may not qualify for a Social Security Number (SSN) but still need to comply with U.S. tax laws and establish a foundation for their ventures. If this describes you, an Individual Taxpayer Identification Number (ITIN) could be your gateway to lawful and successful entrepreneurship […]
Business Continuation Strategies for Visa Holders
Strategic planning to protect your business with temporary immigration status For immigrant entrepreneurs holding temporary U.S. immigration status, the challenges of running a business are compounded by legal and financial uncertainties. Whether due to pending visa renewals, employment-based green card delays, or changing immigration policies, entrepreneurs in this situation must prepare their businesses and personal […]
Tariffs and Their Impact on Businesses
How tariffs are reshaping the landscape for businesses Tariffs remain a confusing, uncertain, and hot-button issue in today’s global economy. As your trusted CPA firm, we believe it’s essential that our clients understand how tariffs work and what impact they might have on your operations, costs, and bottom line. What Is a Tariff? A tariff […]
