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Essential guidance for freelancers on managing estimated tax payments, maximizing deductions, and maintaining proper records. Learn about the new $5,000 reporting threshold for 1099-K forms and key tax-saving strategies...
Read more →Expert guidance for LA small businesses on managing federal, state, and local taxes in 2025. Get bilingual support for tax planning, compliance, and optimization strategies...
Read more →Beginning Jan. 1, 2025, the standard mileage rates for automobiles driven for business are 70 cents per mile for business use, an increase of up 3 cents from 2024. The mileage rates for vehicles used for other purposes will remain unchanged. The rates apply to fully-electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles...
Read more →The IRS has released updated frequently asked questions about energy efficient home improvement credits and residential clean energy property credits, helping taxpayers understand the expanded tax benefits available for making their homes more energy efficient...
Read more →The IRS announced tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025. Taxpayers now have until Oct. 15, 2025, to file various federal individual and business tax returns and make tax payments. The same relief will be available to any other counties added later to the disaster area....
Read more →The IRS has announced the 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
January 15, 2025
The Internal Revenue Service announced that the nation's tax season will start on Monday, January 27, 2025, when the agency will begin accepting and processing 2024 tax returns.
January 15, 2025