Tax problems can happen to even the most organized small business owners. A cash flow crunch. An unexpected tax notice. A missed filing deadline. A payroll tax oversight. Any of these can be stressful, especially once penalties and interest start adding up. Here’s the good news: most tax…more
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1. Postpone invoicing. If your business uses the cash method of accounting and it would benefit from deferring income…more
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take…more
The One Big Beautiful Bill Act (OBBBA) introduced significant updates for businesses and payroll management companies. These changes—particularly around information return and payroll tax reporting—will take effect in 2026, but proactive employers should begin preparing in 2025. At CD Bradshaw & Associates, P.C., we believe in helping clients…more
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes that. The One Big Beautiful Bill Act (OBBBA) is shaking up how certain types of income are taxed. From 2025 through 2028, small…more
Reference this tax calendar to learn the 2025 deadlines for various tax-related forms and payments.
With President-elect Trump, the tax landscape will change in 2025.
Construction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses.
Construction business owners: Are cash flow concerns keeping you up at night? Here are some fundamental ways to stay in control.