Healthcare Tax Services

Logging on from your kitchen table instead of the office cubicle was initially a temporary measure due to the COVID-19 pandemic. Today, approximately 26% of Americans are working fully remote, and 52% are working on a hybrid basis. For individuals working for companies across state lines, navigating tax rules can be challenging. The convenience of […]

Have you accumulated a large tax liability and it feels like you have no way out? You may have received a notification stating that the IRS will place a levy on your bank account to collect on a tax balance.

Congress has made the 20% qualified business income (QBI) deduction permanent. That means small business owners have no uncertainty, so you can plan confidently starting in the 2026 tax year and beyond. At the state level, QBI deductions vary. While some states conform with the federal QBI deduction, others opt to decouple — this means […]

It’s almost impossible for a business to survive and thrive without capital expenditures. However, these costs can also skyrocket, making a huge hole in a business’s pocket. Tax deductions can provide a way for businesses to recover some of the costs. However, assets considered capital expenditures are not always tax-deductible right away. This article breaks […]

A 1099-C form is used for reporting debt cancellation as income to the Internal Revenue Service (IRS) and the individual or entity receiving the canceled debt. It is crucial for tax reporting and compliance. Key aspects of this form include information that affects an individual’s annual tax return and when to file or send it out.

If you’re a small business owner, you’ve probably heard about sales tax. Knowing how to collect, record and remit sales tax can be complicated, especially as your business grows. Keeping up with changing tax regulations can also be challenging. Paying sales tax for your small business is essential because failing to do so can result in fines and even jail time. This guide covers the basics of sales tax, how to stay compliant and what you can expect during an audit.

To keep a small business running smoothly, you need a tax professional. They not only make sure you remain compliant with all tax regulations, but they are also a valuable resource when business owners become entangled with problems.

Many people find starting a small business of their own as easy as a piece of cake. However, most of the time, what they fail to prioritize are some of the major players involved in smoothly operating their small business. A tax attorney is one core character that people often overlook.

Whether you own your own business, do freelance work, or drive for Uber, it’s important for you to understand what to do when it comes to filing your taxes. Being your own boss means you also need to have control and knowledge of your finances and be able to stay compliant with the IRS.

One nice offset of paying hundreds of dollars a year to your doctor and to the hospital is the fact that you can use those expenses as a deduction on your tax return. If you are thinking about deducting your medical expenses, it’s important to know that your bills must add up to more than 7.5% of your tax year’s adjusted gross income (AGI). If your bills fall under that threshold, then you cannot deduct them from your tax return. If they are above the threshold, here are some things to keep in mind when deducting it!