Carol Thomas Tax Preparation

Here are the January 2025 Individual Due Dates

Individuals and small businesses should consider various ways of starting off on the right foot for the 2025 tax year.

On December 23, 2024, the Fifth Circuit Court of Appeals lifted the FinCEN Beneficial Owner Information

Explore how Hollywood’s Golden Age stars and studios mastered tax evasion through creative strategies, leaving a legacy of financial ingenuity.

A small business can deduct acquisition costs on 2024 taxes if purchased and placed in service by year-end, using Sec 179 and bonus depreciation.

The IRS has announced 2025 mileage rates for business, medical, and charitable deductions. Stay informed for the year ahead!

This is a reminder that December 31 is the last day that you can make a tax-deductible purchase, pay a tax-deductible expense, or make a tax-deductible charitable contribution for 2024. That is only 12 days away. However, you still have time to make charitable contributions, pay deductible taxes, and make business acquisitions before the year ends.

Learn about the most common financial fraud schemes targeting small businesses, including payroll fraud, phishing scams, and vendor fraud. Discover practical tips to protect your business with strong financial controls and expert advice. Contact us today to safeguard your company.

Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund.

Received an IRS letter? Learn common reasons for notices, how to act quickly to avoid penalties, and why partnering with a tax professional can simplify the process. Contact us for expert help today!