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Frequently Asked Questions (FAQ)

Many clients have similar questions when it comes to accounting and taxes.  Below you will find some of the most common questions we receive and our thoughts on these topics.

Keep in mind, not all businesses and situations are the same, so please feel free to contact us with any additional questions or clarifications pertinent to your situation.

Does the OBBB Tax Act Effect My Taxes?

This post will discuss the new tax act that took effect in July 2025 — the One Big Beautiful Bill (OBBB) Act. This legislation made several provisions from the Tax Cuts and Jobs Act of 2017 permanent, and it introduced a few new rules that could affect individuals and...
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Business Tax Deadlines

See our table for information on tax deadlines for the current year. This includes dates realted Business Tax, Personal Tax, Sales Tax, as well as dates for other important tax, estimate and return activities.  
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IRA Contribution Limits for 2024

IRA Contribution limits for 2024. Learn about the types of IRAs and their contribution limits in the video below. If you have more questions about this, feel free to reach out to our firm for an advisory meeting. Have a great day.
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Cost Segregation

What is cost segregation and why are so many people talking about it? Cost segregation is a method used to accelerate your deductions on the property that you purchase.  It is commonly used in residential rentals and commercial real estate. The investor can allocate...
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S Corp or LLC

I have a new business. How do I know if I should set up an LLC or an S Corp? They each have benefits. With an LLC, you have flexibility of partner distributions and how you allocate partner income. With an S Corp there's an opportunity for savings on your...
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HOW DO I FILL OUT MY W-4

How do I fill out my W-4 so that I owe less tax at the end of the year, or possibly get a refund.   First, you fill out your name and address at the top, and then you go to part C. Under single, if click single, you'll have the most tax withheld for federal tax...
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Does the OBBB Tax Act Effect My Taxes?

Does the OBBB Tax Act Effect My Taxes?

Sep 24, 2025 |

This post will discuss the new tax act that took effect in July 2025 — the One Big Beautiful Bill (OBBB) Act. This legislation made several provisions from the Tax Cuts and Jobs Act of 2017 permanent, and it introduced a few new rules that could affect individuals and...

Business Tax Deadlines

Business Tax Deadlines

May 1, 2025 |

See our table for information on tax deadlines for the current year. This includes dates realted Business Tax, Personal Tax, Sales Tax, as well as dates for other important tax, estimate and return activities.  

IRA Contribution Limits for 2024

IRA Contribution Limits for 2024

Dec 22, 2024 |

IRA Contribution limits for 2024. Learn about the types of IRAs and their contribution limits in the video below. If you have more questions about this, feel free to reach out to our firm for an advisory meeting. Have a great day.