March 2026

Tax laws changed. The One Big Beautiful Bill Act (OBBBA) of July 2025 restructured federal tax obligations. Strategies effective in 2024 or 2025 are now obsolete. Compliance requires immediate adjustment. 1. SALT Cap Double The State and Local Tax (SALT) deduction cap increased. The previous $10,000 limit is now $40,000. This change affects high-tax state […]

Tax season doesn't have to be complicated. And this year, the IRS just made things a whole lot simpler for millions of Americans. Thanks to the "One Big Beautiful Bill" passed in 2025, the standard deduction for 2026 has jumped to $16,100 for single filers and $32,200 for married couples filing jointly. That's a significant

Update Payroll Systems Failure to modify payroll systems for 2026 reporting requirements results in penalties. Separate reporting for qualified tips and qualified overtime compensation on Form W-2 is mandatory. Transition relief from 2025 has expired. Mandatory tracking requirements: Identify FLSA-required overtime pay. Log qualified tips by individual employee. Assign occupation codes for all tipped staff.

Running a business from your car, your home, or your client's location comes with a unique set of risks. Whether you're a mobile mechanic fixing transmissions in driveways, a personal trainer leading sessions in clients' garages, a barber cutting hair from a home studio, or a baker creating custom cakes from your kitchen: you're building