STR Loophole
The Short-Term Rental (STR) Loophole is a tax strategy that allows real estate investors to deduct rental losses against their ordinary income (e.g., W-2 income) without being subject to the Passive Activity Loss (PAL) limitations.
Above & Beyond CPA
One Big Beautiful Bill: What It Means for You
The One Big Beautiful Bill (also called the OBBB or OB3) was signed into law on July 4, 2025. The legislation introduces significant changes to federal taxes, credits, and deductions.
W-2 (Employee) v. 1099 (Independent Contractor)
A W-2 employee is someone who works directly for a company and is considered a regular employee under the law.
Progressive Tax System
The income tax system in the U.S. is considered a progressive system in which the tax rate increases as the taxable income of an individual increases.
Should I set up an LLC for my new business?
It depends.
Mid-Year Tax Withholding Checkup
Summertime is the right time for a mid-year tax withholding checkup. Rather than waiting until the end of the year, mid-year planning may help you avoid a big tax bill.