October is the season for pumpkins and haunted houses — but unexpected tax bills are the real fright. Whether you’re an individual taxpayer or a small business owner, here are some common scares to avoid before year-end.

The Big Beautiful Bill brings stable rates, bigger deductions, and a higher Child Tax Credit—but many benefits are income-limited and time-sensitive. 2025 is the year to act.

Tax planning is the process of analyzing your financial situation and structuring your income, expenses, and investments to take full advantage of tax laws. It’s not about finding loopholes—it’s about being proactive and making informed decisions that minimize your tax liability.

Marriage is a beautiful milestone, but it also comes with important financial changes. Understanding how getting married affects your taxes can help you take advantage of new benefits and avoid common pitfalls. Here's everything you need to know about tying the knot and your taxes.

Many people who qualify never claim this credit. If you’re working hard but not earning a lot, the EIC could be extra money for your family.

S corporations (S corps) are a popular business structure for small business owners because they combine the liability protection of a corporation with the tax benefits of pass-through taxation. However, NYC does not recognize S corporations. Typically, S corporations are subject to the General Corporation Tax (GCT).

Salaries are subject to payroll taxes (Social Security and Medicare), but distributions are not. The IRS requires a salary to prevent underpayment of taxes and ensure compliance.

NY PTET (Pass-Through Entity Tax) is a state tax designed to help business owners work around the $10,000 SALT deduction cap.

A Professional Employer Organization (PEO) is a company that provides comprehensive HR solutions for businesses and independent professionals. Find out more!

The Corporate Transparency Act (CTA) requires businesses to submit Beneficial Ownership Information (BOI) reports to the U.S. Department of the Treasury detailing ownership and control of companies.

Stay vigilant: tax scammers may impersonate the IRS to steal identities, money, or file fraudulent tax returns.

Keeping tax documents organized and accessible is essential for accurate record-keeping and for meeting IRS guidelines. Here’s a breakdown of how long you should hold onto different types of documents to stay compliant and protect yourself in case of an audit.