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Blogs for Accounting Firms

Every week our experienced editors write blogs covering a wide range of topics to include in our email newsletters.
Understanding Above-the-Line Tax Deductions: Maximize Your Tax Savings
Tax season can be a stressful time for individuals and businesses alike, but understanding the proper deductions can ease the burden and potentially reduce your …
Nov 19, 2025
Understanding Above-the-Line Tax Deductions: Maximize Your Tax Savings
Understanding the Difference Between Earned Income and Adjusted Gross Income
When it comes to understanding your financial picture and preparing your taxes, two essential terms you'll encounter are “earned income” and “adjusted gross income (AGI)”. …
Nov 12, 2025
Understanding the Difference Between Earned Income and Adjusted Gross Income
Understanding the Difference Between Tax Credits and Tax Deductions
Taxes are an essential part of maintaining a healthy economy and funding public services, but for many individuals and small businesses, they can also feel …
Nov 5, 2025
Understanding the Difference Between Tax Credits and Tax Deductions
Avoiding Common Tax Return Errors in 2025: Tips for a Stress-Free Filing Season
Tax season can be a stressful time for individuals and small businesses alike. Filing your return accurately and on time is essential to avoid penalties, …
Oct 29, 2025
Avoiding Common Tax Return Errors in 2025: Tips for a Stress-Free Filing Season
5 Smart Reasons to File a Tax Extension (and How It Can Benefit You)
Tax season can be a stressful time for both individuals and business owners. Between gathering paperwork, managing deadlines, and double-checking calculations, it’s easy to feel …
Oct 22, 2025
5 Smart Reasons to File a Tax Extension (and How It Can Benefit You)
How Gambling and Lottery Wins are Taxed: What You Need to Know
Winning a large sum of money through gambling or a lottery can be an exciting, life-changing moment. However, before you celebrate too freely, it’s essential …
Oct 15, 2025
How Gambling and Lottery Wins are Taxed: What You Need to Know
Understanding Tax Rates vs. Tax Brackets: A Clear Guide
Taxes are an essential part of our financial lives, funding public services and government programs. Yet, the tax system can be complex, leaving many individuals …
Oct 8, 2025
Understanding Tax Rates vs. Tax Brackets: A Clear Guide
A Step-by-Step Guide on How to File a Tax Amendment
Filing your taxes can be daunting; mistakes or overlooked deductions can sometimes result in incorrect returns. The good news is that you can amend your …
Sep 24, 2025
A Step-by-Step Guide on How to File a Tax Amendment
Steps to Take If You Owe Back Taxes
Owing back taxes can be a stressful and overwhelming situation. Whether you've fallen behind on your income taxes or have unresolved tax debt from previous …
Sep 17, 2025
Steps to Take If You Owe Back Taxes
When Medical Expenses Are Tax-Deductible: A Comprehensive Guide
Medical expenses can be a significant financial burden for many individuals and families. However, some relief is available in the form of potential tax deductions. …
Sep 10, 2025
When Medical Expenses Are Tax-Deductible: A Comprehensive Guide
Understanding the Difference Between Tax-Deferred and Tax-Exempt Retirement Accounts
Planning for retirement is a crucial aspect of financial stability and peace of mind. One key decision you'll face when saving for retirement is choosing …
Sep 3, 2025
Understanding the Difference Between Tax-Deferred and Tax-Exempt Retirement Accounts
FICO Score vs. Credit Score: What's the Difference?
In the world of personal finance and lending, credit scores are crucial in determining an individual's creditworthiness. However, "FICO score" and "credit score" are often …
Aug 27, 2025
FICO Score vs. Credit Score: What's the Difference?
Retirement Accounts that Offer the Best Tax Savings
Planning for retirement is a critical financial goal for individuals of all ages. One of the key aspects of retirement planning is maximizing tax savings …
Aug 20, 2025
Retirement Accounts that Offer the Best Tax Savings
How Your Social Security Benefits Will Be Taxed
Social Security benefits provide crucial financial support to millions of Americans during their retirement years. While these benefits are designed to provide economic security, it's …
Aug 13, 2025
How Your Social Security Benefits Will Be Taxed
How Long Should You Keep Tax Records
Tax season can be stressful, with the looming deadline to file your tax return and the anticipation of any potential audits or inquiries from tax …
Aug 6, 2025
How Long Should You Keep Tax Records
How a Mortgage Can Reduce Your Tax Bill
Home purchasing is often one of the most significant financial decisions we make. Beyond the joys of homeownership and building equity, owning a home can …
Jul 30, 2025
How a Mortgage Can Reduce Your Tax Bill
How to Avoid IRS Underpayment Penalties
Dealing with taxes can be a daunting task, and one aspect that often causes stress and financial strain is the possibility of IRS underpayment penalties. …
Jul 23, 2025
How to Avoid IRS Underpayment Penalties
The Best Ways to Protect Your Inheritance from Taxes
Inheriting assets or wealth from a loved one can be a bittersweet experience. While it can provide financial security and peace of mind, it also …
Jul 16, 2025
The Best Ways to Protect Your Inheritance from Taxes
Tips for Saving Money on Taxes During Retirement
Retirement is a time when you should be enjoying the fruits of your labor, but taxes can continue to eat into your income even after …
Jul 9, 2025
Tips for Saving Money on Taxes During Retirement
Who Needs to Pay Estimated Taxes?
Taxes are an inevitable part of our financial lives. While most people are familiar with the annual ritual of filing income tax returns, there's another …
Jul 2, 2025
Who Needs to Pay Estimated Taxes?
Understanding the Difference: Long-Term and Short-Term Capital Gains Taxation
Capital gains are essential to investing and can significantly impact your financial portfolio. When you invest in stocks, real estate, or other assets, you aim …
Jun 25, 2025
Understanding the Difference: Long-Term and Short-Term Capital Gains Taxation
Strategies to Prepare for an IRS Audit
The prospect of an IRS audit can be a daunting and stressful experience for anyone. However, with proper preparation and a clear understanding of the …
Jun 18, 2025
Strategies to Prepare for an IRS Audit
Factors that Will Affect the Size of Your Tax Refund
Tax season is a time of year that many people eagerly anticipate. It's a chance to get back some of the hard-earned money you've paid …
Jun 11, 2025
Factors that Will Affect the Size of Your Tax Refund
How to File Your Child’s First Income Tax Return
Filing an income tax return for your child may not be the first thing that comes to mind when you think about their financial responsibilities. …
Jun 4, 2025
How to File Your Child’s First Income Tax Return
What Happens If You Don't File a Tax Return?
Tax season can be a stressful time of year for many individuals and businesses. Filing your tax return accurately and on time is not just …
May 28, 2025
What Happens If You Don't File a Tax Return?