by Lori Bowden | Aug 4, 2025 | Tax & Accounting
If you’ve been pondering the purchase of a new or used electric vehicle for yourself or your business, you may want to buy sooner rather than later to take advantage of available tax credits. Under the One, Big, Beautiful Bill Act (OBBBA), these credits won’t be...
by Lori Bowden | Aug 3, 2025 | Tax & Accounting
If your federal tax withholding isn’t enough to cover your total tax liability, you may need to make estimated tax payments. This typically applies if you have income from sources such as interest, dividends, capital gains or self-employment. The following rules...
by Lori Bowden | Aug 2, 2025 | Tax & Accounting
When it comes to taxation, partners in a business may find the math a bit puzzling. You may discover that the amount of partnership income you’re taxed on is more than the amount that was distributed to you. That’s a quirk of taxation that lies in the way partnerships...
by Lori Bowden | Aug 1, 2025 | Financial Planning, Tax & Accounting
Now might be a good time for some taxpayers to convert their traditional IRA to a Roth IRA. Traditional IRA withdrawals are taxed and, if taken early, may be subject to penalties. Also, required minimum distributions (RMDs) must be taken starting at age 73 (or 75 if...
by Lori Bowden | Jul 4, 2025 | Tax & Accounting
Top Highlights Under The New Law The One Big Beautiful Bill Act of 2025 (OBBBA) was signed into law on the July 4th holiday. This sweeping legislation locks in several tax cuts from the 2017 TCJA and introduces a host of new provisions designed to benefit both...
