You know you’re officially adulting at the highest level when “catching up” doesn’t mean binge-watching your favourite series… It means contributing extra to your retirement account. If you’re over 50, congrats! You’ve entered that magical season of life where your...
For years, restaurants and bars were the only ones who could cash in on the FICA tip credit – a handy little tax break designed to offset the payroll taxes they pay on employees’ tips. Meanwhile, salons, spas, barbershops, and wellness businesses sat on the...
So, you’ve got a side hustle. Maybe you’re selling homemade candles on Etsy, driving for Uber, or designing logos for friends of friends. It’s fun, it’s extra money, and it’s all yours… right? Well, yes – until tax season. If you’re earning money outside your...
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on...
As we enter the new year, many of us make resolutions. Maybe you promised yourself you’d exercise more, eat healthier, grow your business, or finally get your finances in order. But the reality is by mid-February, nearly 80% of New Year’s resolutions fail. That’s...
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American politics and understandably so — the options for heading off...
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