News from Simplitax

Change orders require careful accounting

Change orders require careful accounting If your business does contract-based work, you know that change orders are a fact of life. This holds true regardless of […]

New deduction limitation will affect high-income individuals

New itemized deduction limitation will affect high-income individuals next year Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions […]

Boost your tax savings by donating appreciated stock

Boost your tax savings by donating appreciated stock Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a […]

The power of catch-up retirement account contributions after 50

The power of catch-up retirement account contributions after 50   Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra […]

Payroll tax implications of new tax breaks on tips and overtime

Payroll tax implications of new tax breaks on tips and overtime   Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were […]