deepdive.

When parents go through a separation or divorce, one of the many complex issues they face is determining who gets to claim the children as dependents for tax purposes. This decision can significantly impact the financial situation of both parents, as it affects eligibility for various tax credits and deductions.

Discover the key rules for 1099 issuance, especially when payments cross into the new year. Learn how to avoid penalties and streamline your tax reporting with expert help from our firm. Perfect for small businesses looking to start the year right.

As lunar exploration ramps up, Kevin Brown’s moon tax proposes a way to ensure equitable benefits for all humanity. Learn how this bold idea could shape our future.

Did you miss the year-end tax deadline? Learn last-minute strategies—like funding a SEP-IRA or fixing bookkeeping errors—to recoup lost deductions and maximize tax savings.

Big tax changes are coming in 2025! Learn how expiring TCJA provisions, IRS adjustments, and retirement updates may impact you. Contact us for guidance.

Are you curious about fractional hiring? Learn how small and mid-sized businesses can leverage on-demand experts—like fractional sales or marketing pros—while cutting costs and staying agile.

Stop chasing empty revenue goals and start focusing on what really matters—your bottom line. Learn how a “profit first” mentality can boost your cash flow, guide smarter decisions, and kick off the New Year with real financial growth.

Form 1099-K was introduced as part of the Housing and Economic Recovery Act of 2008, with its reporting requirements taking effect in 2011. The form was a response to the growing e-commerce sector and the IRS's need to ensure that income from online transactions was accurately reported. The reporting rules have changed significantly over the years, including new requirements for 2024.

Tax preparation is not just about gathering documents and giving them to your tax preparer; it's about understanding your financial situation and ensuring compliance with tax laws. Proper preparation can lead to significant savings and prevent potential issues with the IRS.

You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays off in the extra tax you might save! When you arrive at your appointment fully prepared, we’ll have more time to explore additional deductions and plan for the future.