by Tracy Sanda | Mar 2, 2026 | Accounting, Tax
To allow your accountant access to your bank’s online banking system, follow these general steps. This typically involves navigating to a “User Management” or “Account Access” section, where you can add a new user and set permissions—usually “view-only” for...
by Tracy Sanda | Feb 17, 2026 | Accounting, Tax
The treatment of tip income is changing in 2025, thanks to the new “No Tax on Tips” provision introduced under the One Big Beautiful Bill Act (OBBBA). While tips remain taxable in several respects, eligible workers may now claim a federal income tax deduction of up to...
by Tracy Sanda | Feb 10, 2026 | Internal Revenue Service, Tax
Vehicle expenses can be a valuable tax deduction, but only when mileage is properly classified and documented. For tax purposes, the deductibility of mileage depends on whether the travel is considered business, commuting, or personal. Understanding these distinctions...
by Tracy Sanda | Jan 26, 2026 | Internal Revenue Service, Tax
Accurate documentation is essential when claiming charitable contributions on your tax return. The IRS requires specific records depending on the type and value of your donations. Maintaining proper records ensures your contributions are deductible and helps you avoid...
by Tracy Sanda | Jan 20, 2026 | Internal Revenue Service, Tax
Qualified Charitable Distributions (QCDs) are a tax-efficient way for eligible IRA owners to support charitable organizations while managing taxable income. Individuals who are age 70½ or older may donate up to $108,000 in 2025 directly from a traditional IRA to a...
