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Four Big Tax Changes
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
Samantha St. Marie
Nov 26, 20252 min read
Beneficial Ownership Reporting - New Federal Requirement to be completed by Jan 1, 2025
***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
Samantha St. Marie
Jun 2, 20244 min read
NEW VT Tax on Net Self-Employment Earnings
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...
Samantha St. Marie
May 30, 20241 min read
New VT Payroll Tax to go into Effect July 1, 2024 - Employer Responsibilities and Cost
The Vermont Legislature enacted Act 76 of 2023. The act tasks the Vermont Department of Taxes with the implementation and administration...
Samantha St. Marie
May 28, 20243 min read
Home Office Deduction 101
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...
Samantha St. Marie
Jan 11, 20212 min read
Recovery Rebate Credit
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...
Samantha St. Marie
Jan 1, 20211 min read
Structuring Your Business 101
When you started your business was the first thought you had whether you’d be an LLC or an S-Corp? Probably not. It’s not uncommon for...
Samantha St. Marie
Dec 29, 20204 min read
Gifts and Holiday Bonuses – What Business Owners Should Know
The holidays are here, but the days leading up to 2021 will not be filled with holiday parties or corporate celebrations. The promise of...
Samantha St. Marie
Dec 9, 20202 min read
Important Tax Updates for 2021 Filing Season
As the end of 2020 quickly approaches, I have taken some time to read up on important tax changes that will impact the 2021 filing...
Samantha St. Marie
Nov 21, 20202 min read
Ditch the Candy Tax this Halloween
Halloween will look a little different this year. But the spirit of the holiday will live on. Spooky decorations will still grace front...
Samantha St. Marie
Oct 28, 20202 min read
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