As the year winds down, it’s time to act—discover four strategic year-end tax planning steps to trim your 2025 liability under the new tax rules and position yourself for a smarter start in 2026

This blog outlines how businesses can leverage newly enhanced clean energy tax breaks—while acting fast before many incentives are phased out under the OBBBA—to power growth and reduce liability.

This blog explores how the One Big Beautiful Bill Act (OBBBA) reshapes payroll tax and information-return rules, including higher thresholds and new reporting of qualified tip and overtime income.

The SALT deduction cap can significantly impact high-income earners. Learn how these limits affect taxable income and why smart planning matters.

The IRS is phasing out paper checks, urging taxpayers to switch to direct deposit. Learn what this change means and how to prepare for it.

The OBBBA Act introduces new tax provisions aimed at supporting small businesses, with expanded deductions and pro-growth incentives in 2025.

The One Big Beautiful Bill Act is now law, bringing major changes to business compliance, tax reporting, and deduction eligibility for 2025.

Discover essential strategies to protect your business expense deductions, avoid IRS issues, and ensure compliance with evolving tax laws and rules.

Learn about five proposed 2025 business tax breaks that could impact deductions, credits, and overall tax savings.

Learn how the Big Beautiful Bill Act introduces major tax changes that could impact both individuals and business owners.

Discover how education assistance plans can benefit your business by supporting employee growth and improving retention.

Explore the pros, cons, and key features of SEP and SIMPLE IRAs to help small businesses choose the right plan.

Learn how individuals and businesses affected by disasters can claim tax relief and adjust past and current returns.

Explore key strategies businesses can use to manage financial exposure and navigate the impact of shifting tariffs.

Thinking about forming an S Corporation? This guide breaks down the benefits, drawbacks, and key factors to help you decide.

The court has suspended beneficial ownership reporting rules, impacting compliance requirements for U.S. businesses. Learn more.

Explore the key details of President Trump's tax plan, its proposed changes, and the potential impact on individuals and businesses.

The 2025 Tax Calendar outlines essential deadlines for filing 2024 tax returns, including key dates for estimated tax payments and extensions, helping taxpayers stay compliant and avoid penalties.

Discover key strategies for combining vehicle and home office tax deductions to maximize savings and efficiency

BOI reporting suspended: Key updates and what this means for your business compliance.

Explore strategies to cut 2024 business taxes with pass-through deductions, QBI benefits, and smart timing of income/expenses.

Explore how the 2024 election and Trump's win may reshape US tax laws, potentially extending TCJA cuts and altering individual and business taxes.

Discover potential tax outlook changes after the U.S. election with a focus on NH CPA services and the TCJA's future.

Discover how to alleviate financial burdens from natural disasters through tax relief and deductions with expert CPA advice.

Exploring the contrasting tax proposals of Donald Trump and Kamala Harris for the 2024 Presidential Campaign.

Explore strategic tax planning for 2024, including deferring income and value maximization tips for small businesses. Consult our CPAs for detailed guidance.

A federal court overrules the FTC's ban on noncompete agreements, leaving the rule's future uncertain and affecting millions.

Explore the pros and cons of cash vs. accrual accounting for tax purposes. Learn how recent tax law changes affect eligibility and discover which method might be best for your business.

IRS finalizes rules on inherited IRAs impacting RMDs under the SECURE Act, effective in 2025, with significant implications for beneficiaries.

Here are a few key tax-related deadlines for businesses and other employers during the third quarter of 2024.

Explore how SECURE 2.0 Act changes, effective in 2024, can impact retirement savings and emergency funds in our guide.

Explore how 2025 IRS adjustments boost HSA contribution limits and enhance benefits due to inflation. A key update for employers and individuals alike.

Learn how new federal regulations will extend overtime pay and ban most noncompete agreements, affecting millions of workers and employers.

IRS extends RMD relief for inherited IRAs into 2024, providing crucial tax planning flexibility for designated beneficiaries.

"Discover IRS guidance on tax-free energy efficiency rebates under the Inflation Reduction Act, including eligibility and savings."

Explore tax-favored retirement plans for your business in 2024, including SEP-IRAs and 401(k)s, to maximize deductions and savings.

An overview of the major tax proposals included in the 2025 President Biden budget.

Learn the new U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes.

Learn more about what is the best accounting method route for business tax purposes.

Nine tax considerations to consider if you’re launching a venture as a sole proprietorship, Best New Hampshire Certified Public Accounting firm

Learn more about the IRS new ERTC relief program for employers.

Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. Learn why...

Learn some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024

Your business may soon have to meet new reporting requirements that take effect on January 1, 2024 under the Corporate Transparency Act (CTA).

Don’t forget to consider these steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities.

Below are five strategies — including some tried-and-true and others particularly timely — that you can execute before the turn of the new year to minimize your company’s tax liability.

Here are some year-end tax planning strategies and steps to consider as 2023 comes to a close.

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Learn more.

Learn about IRS warnings about about The Employee Retention Tax Credit (ERTC) a new process that certain employers can use to withdraw their claims.

We explore various business expenses that can't be written off according to the Internal Revenue Code.

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023.

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit.

Learn the latest IRS guidance on new retirement catch-up contribution rules, with implications for both employers and employees.

Those that claim the ERTC improperly could find themselves in hot water with the IRS and face cash-flow problems as a result. Here’s what you need to know to reduce your risks.

Learn the new IRS guidance providing transitional legislative relief to the age at which taxpayers must begin taking required minimum distributions (RMDs)

If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. Learn how they are treated.

If you’re starting or planning to launch a new business, here are three expense rules to keep in mind...

If you buy, sell or otherwise engage in transactions involving virtual currency, you need to stay up to date with the latest tax developments.

Learn what expenses can be deducted for employee business travel this summer.

Learn what the main provisions of the Fiscal Responsibility Act (FRA are.

Learn about Congress proposals that aim to tackle the problem about the impending insolvency of the Social Security program.

On April 17, 2023, the IRS will publish proposed regulations to clarify how a CV can qualify for the credit...

If you’re thinking about setting up a retirement plan for yourself and your employees...

A review of certain provisions in existing laws may indicate the many areas ripe for tax legislation action in the next two years of Congress...

Many businesses in certain industries employ individuals who receive tips as part of their compensation...

The optional standard mileage rate used to calculate the tax-deductible cost of operating an automobile for business will be going up in 2023...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023...

Here is a summary of the major advantages and disadvantages of doing business as a C corporation...

Regardless of how your company has fared so far in 2022, there’s still time to make moves that may reduce your federal tax liability...

Strategies to consider executing before year end that may reduce your 2022 or future tax liability...

Learn what business local transportation costs each year are deductible and how our CPA firm can help...

The changes to the Section 179D deduction for commercial buildings...

Here’s what you need to know about the credit if you’re thinking about purchasing an electric vehicle...

IRS Notice 2022-36 extends penalty relief to both individuals and businesses who missed the filing deadlines...

The business entity you choose can affect your taxes, your personal liability and other issues...

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA)...

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers...

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind...

The U.S. House of Representatives recently passed SECURE 2.0, the bill contains numerous provisions that...

If your N.H. business pays FICA taxes on tip income paid to your employees...

The use of a company vehicle is a valuable fringe benefit for owners and employees of small New Hampshire businesses...

Don’t let the holiday rush keep you from considering some important steps to reduce the 2021 tax liability...

The end of the tax year is fast approaching for many N.H.businesses...

While we wait to see which tax provisions are ultimately included in the Build Back Better Act (BBBA)...

Learn the latest Infrastructure and Jobs Act (IIJA) tax provisions impacting NH businesses...

If your New Hampshire business is depreciating over a 30-year period the entire cost of constructing...

Here are three tax breaks to consider during the Small Business Administration’s National Small Business Week...

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions...

The Small Business Administration (SBA) has released new guidance intended to expedite the forgiveness process for certain PPP loan borrowers...

A critical deadline is approaching for many of the New Hampshire businesses that have received loans...

N.H. entrepreneurs often don’t know that many of the expenses incurred by start-ups...

Here is what N.H businesses should know about the Employee Retention Tax Credit (ERTC) rules...

The first advance payments under the temporarily expanded child tax credit (CTC)...

Learn more about The Coronavirus Aid Relief and Economic Security Act (CARES) signed on March 27...

Youngclaus & Company was voted best accounting firm in Seacoast, NH for the second time in 2020...

Here is a summary of the relief advantages that are in the COVID-Related Tax Relief Act of 2020...

We were proud to be nominated, for the third time, for the Best of the Seacoast Awards accounting firm...

Learn more about the Seacoast Family Promise beautiful birdhouse in the Youngclaus & Company lobby...

The IRS continues to warn consumers to guard against scam phone calls from thieves’ intent on stealing their money...

Learn more about the summary of the major changes that might apply to individual taxpayers starting in 2018...