Understanding the IRS’s 2025 Tax Brackets and What They Mean for You
The IRS recently announced its inflation-adjusted tax brackets for 2025. This year, the adjustments are modest, reflecting a slowdown in
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Navigating the Complexities of Filing Form 5500-EZ for Solo 401(k) Plans
Setting up a solo 401(k) is a wise financial move for many self-employed individuals and small business owners. It offers
Continue readingNavigating Retirement Tax Benefits in Georgia: What You Need to Know
For retirees living in Georgia, understanding the state’s tax rules on Social Security and other retirement income can lead to
Continue readingUnderstanding Step-Up in Basis: A Key Tax Benefit for Inheritors
When inheriting property, one significant financial advantage that can impact your tax obligations is the “step-up in basis.” This tax
Continue readingDoes a single-member LLC Need to Change Its Name After Electing S Corporation Status?
When a single-member LLC elects to be taxed as an S Corporation by submitting IRS Form 2553, it’s common for
Continue readingGeorgia Tax Deadline Extensions for Hurricane Helene Victims
https://dor.georgia.gov/press-releases/2024-10-03/dor-extends-tax-relief-victims-hurricane-helene The Department of Revenue announced today that certain return and payment deadlines for taxpayers have been extended to May
Continue readingDo You Need to File a Beneficial Ownership Information (BOI) Report?
The Beneficial Ownership Information (BOI) Reporting Rule has caused a lot of worry and confusion among small business owners across
Continue readingSEP IRA in 2024: A Top Retirement Savings Plan for Small Businesses
For small businesses and self-employed individuals, the Simplified Employee Pension (SEP) IRA continues to be one of the most powerful
Continue readingIRS free tax filing program launches in 12 pilot states.
The Internal Revenue Service’s new free online tax-filing system (IRS Direct File)—is now open round-the-clock to all eligible taxpayers after a
Continue readingSolo 401(k) Plans: A Powerful Retirement Tool for the Self-Employed
For self-employed Americans, solo 401(k) plans offer a robust path to a secure retirement, combining high contribution limits with flexible
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