Finance

What the IRS's 2026 Audit Focus Means for Small Business Owners Business , Consulting

What the IRS's 2026 Audit Focus Means for Small Business Owners

The IRS audit focus in 2026 isn't random. It follows patterns in deductions, in entity structures, in contractor relationships, and in digital income reporting.

  • Masoud Hosseini Masoud Hosseini
  • 26 Feb 2026
Tax To-Do List for High-Income Freelancers Before March 15, 2026 Consulting

Tax To-Do List for High-Income Freelancers Before March 15, 2026

Even if you file as a sole proprietor, this is a natural checkpoint to review your Q1 2026 estimated payment due April 15 and make sure your withholding math still holds up from last year.

  • Masoud Hosseini Masoud Hosseini
  • 23 Feb 2026
New Qualified Tips Deduction: Tax Relief for Service Workers Under H.R.1

New Qualified Tips Deduction: Tax Relief for Service Workers Under H.R.1

H.R.1 adds a new deduction for qualified tips received in service businesses. Here’s what counts as a “qualified tip” and how the deduction works.

  • Emily Rhodes Emily Rhodes
  • 21 Nov 2025
New Overtime Compensation Deduction: How Workers Can Save Up to $12,500 Under H.R.1 Business , Business Strategy

New Overtime Compensation Deduction: How Workers Can Save Up to $12,500 Under H.R.1

H.R.1 introduces a new deduction for qualifying overtime pay, allowing workers to deduct up to $12,500 from taxable income. Here’s how it works and who qualifies.

  • Emily Rhodes Emily Rhodes
  • 21 Nov 2025
New Business Tax Incentives & Expensing Rules Under H.R.1 (2025 Update) Business Strategy

New Business Tax Incentives & Expensing Rules Under H.R.1 (2025 Update)

H.R.1 expands full expensing, increases small-business deductions, and updates corporate tax incentives beginning in 2025. Here’s what business owners need to know.

  • Emily Rhodes Emily Rhodes
  • 14 Nov 2025
Expanded Child Tax Credit & New Eligibility Rules Under H.R.1 (2025 Update) Business Strategy

Expanded Child Tax Credit & New Eligibility Rules Under H.R.1 (2025 Update)

H.R.1 expands the Child Tax Credit (CTC), increases the refundable portion, and updates eligibility rules for millions of families starting in 2025.

  • Emily Rhodes Emily Rhodes
  • 14 Nov 2025
Permanent Individual Tax Rates & New $40,000 SALT Deduction (H.R.1 – 2025) Business Strategy

Permanent Individual Tax Rates & New $40,000 SALT Deduction (H.R.1 – 2025)

The 2025 H.R.1 “One Big Beautiful Bill Act” makes individual tax rates permanent and raises the SALT deduction cap to $40,000. Here’s what California taxpayers need to know.

  • Emily Rhodes Emily Rhodes
  • 14 Nov 2025