Bookkeeping is the process of keeping track of every dollar that comes in and goes out of a business. It’s basically the daily record of money activity. A lot of new business owners think bookkeeping is something they only need […]
Getting your taxes done doesn’t need to feel confusing. Most people stress out because they walk into their appointment unsure about what they should bring. When you show up prepared, everything moves faster, your return is more accurate, and you […]
Having a side gig is great, but the tax part can sneak up on people. When you work for yourself, nobody takes taxes out of your pay. If you’re not setting money aside or keeping track of your expenses, you […]
California has been spending more money than ever on TK-12 students. In the last twelve years, the amount spent per student has more than doubled. That streak might end in 2030. A temporary tax on the richest Californians is set […]
When people hear the phrase “tax bracket,” they often think it means that all their income is taxed at one rate. That’s not how it works. The United States uses a progressive tax system, which means your income is taxed […]
California has approved a new rule that will help retired military veterans and their families save money. Starting in 2025, veterans and their surviving spouses will be able to leave out part of their military retirement pay when filing their […]
Tax fraud happens when a person or a business knowingly gives false information to the IRS. The key part is that it’s intentional. It’s not the same as making a math mistake or forgetting to attach a form. Fraud is […]
For years, private universities like Stanford with large endowments paid a small tax of 1.4% on the money their investments earned. That changed in July when former President Donald Trump signed a new federal law. The law creates a new […]
Starting in 2025, the IRS will change how it handles audits for businesses. Right now, the audit process is slow, complicated, and takes too long to resolve. The IRS wants to fix that by getting rid of outdated steps and […]
Under former President Trump, the IRS lost about 25% of its total staff, roughly 26,000 workers. The number of full-time employees dropped from 103,000 in early 2017 to just over 77,000 in 2025. This was done mostly through buyouts and […]