New Provisions: the One Big Beautiful Bill Several provisions in the act signed into law on July 4th, 2025 will impact 2025 returns during the 2026 filing season. Since the provisions went into effect during the year, new and additional documentation not usually provided during tax season will likely be needed to prepare your return. Here are some of the main updates: "No Tax on Tips" Effective for 2025 through 2028, employees and self-employed individuals may deduct qualifie

***Updated March 26, 2025: All entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information to FinCEN. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 26, 2025—until April 25, 2025, for most companies—to do so.*** ***As of February 27, 2025, F

Part of Act 76 of 2023 enacted by the Vermont State Legislature directs the Vermont Department of Taxes to collect a 0.11% tax on...

The Vermont Legislature enacted Act 76 of 2023. The act tasks the Vermont Department of Taxes with the implementation and administration...

Are you a self-employed individual who works from home? You may be able to save money come tax time by deducting some of your household...

Did you miss out on the first round of stimulus checks sent to Americans in April 2020? The most likely reason you missed out on the...