America’s First Black Woman CPA In the bustling city of Chicago during the early 20th century, a young girl named Mary Thelma Morrison grew up with a keen mind for numbers. Born in 1906, Mary was raised by her aunt and uncle after her mother passed away when she was just a child. Despite the challenges of growing up during … Read More
🛡️ The OBBBA Sets new Estate & Gift Tax Exemption
How does the One Big Beautiful Bill Act affect Estate & Gift Tax planning? The One Big Beautiful Bill Act (OBBBA), signed in July 2025, provides unprecedented certainty for high-net-worth individuals and business owners. Specifically, the Act permanently sets the federal unified Estate & Gift Tax exemption amount. This amount is $15 million per individual or $30 million for married … Read More
Major 401(k) Changes in 2025
Maximize Your Retirement Savings Investing in a 401(k) is one of the smartest ways to build wealth for retirement. With automatic paycheck deductions, tax benefits, and potential employer matches, it’s a no-brainer for those looking to secure their financial future. 401k Changes In 2025, the IRS is introducing key changes that could impact your contributions and tax savings. Here’s what … Read More
The One Big Beautiful Bill Act Creates Tax-Free Tips & Overtime
Boost Your Bottom Line: How does the One Big Beautiful Bill Act create Tax-Free Tips & Overtime for workers and impact tax prep? The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, provides a federal income tax deduction for a portion of qualified tipped income and qualified overtime pay for tax years 2025 through 2028. … Read More
Preparing for the 2025 Tax Season
As the 2025 tax season approaches, it’s essential for all taxpayers, including small business owners and individuals from various income levels, to proactively prepare for their 2024 federal income tax returns. Early preparation not only streamlines the process but also minimizes risks and ensures compliance with evolving tax regulations. Here are the essential steps you should take: Leverage Enhanced IRS … Read More
Tax Tips for Reducing Taxable Income
Tax Tips for Reducing Taxable Income. Tax season doesn’t have to be overwhelming. Whether you’re an employee or a small business owner, staying organized and proactive throughout the year can make filing your taxes a smoother and less stressful experience. Here are five practical tips to help you stay on top of your taxes and potentially save money along the … Read More