IRS Using AI for Audits: What Business Owners Need to Know
Artificial intelligence isn’t just changing how businesses operate. It’s changing how the IRS operates, too. IRS AI audit selection is becoming an important topic for business owners. According to the U.S. Government Accountability Office (GAO), the IRS has significantly expanded its use of artificial intelligence. As of summer 2025, the IRS reported 126 active AI […]
Can ChatGPT Do Your Bookkeeping? What Business Owners Need to Know Before Connecting Their Bank Account
I recently heard something that caught my attention: “I connected my bank account to ChatGPT, and now ChatGPT does my bookkeeping.” As someone who works with business owners and their financial records every day, that statement makes me nervous. Not because I’m against artificial intelligence. Quite the opposite. I use AI and technology in my […]
Trump Accounts: What Parents and Business Owners Need to Know
If you’ve been scrolling social media lately, you’ve probably heard people talking about the new Trump Accounts. Unfortunately, like many tax topics, there’s already more misinformation than facts. As an Enrolled Agent, I’ve been studying the legislation and attending continuing education classes so I can separate the headlines from reality. Here’s what you need to know. What […]
Preparing for the Unexpected: A Tax and Financial Checklist for Your Family
No one likes to think about losing a spouse, parent, or other loved one. Unfortunately, when a death occurs, families are often expected to make important tax, financial, and legal decisions while they are grieving. During this difficult time, many people simply do not know where to begin—especially when the person who passed away handled […]
Dependent Care Tax Breaks Are Changing in 2026: What Working Parents Need to Know
For years, the Child and Dependent Care Credit has offered only limited tax relief for working parents paying for daycare, preschool, summer day camps, and other qualifying care expenses. Beginning in 2026, however, significant changes will make this tax benefit more valuable for many families. At the same time, the amount employees can contribute to a Dependent […]
Charitable Donations: How One Missing Sentence Cost Taxpayers a Six-Figure Tax Deduction
When it comes to charitable contributions, most taxpayers focus on the value of the donation, obtaining an appraisal, and making sure the charity is qualified. But as two recent Tax Court cases remind us, the IRS can disallow an entire charitable deduction because of a missing sentence in the paperwork. In these cases, taxpayers donated land […]
IRS Makes Penalty Relief Easier: What Taxpayers Need to Know
For years, taxpayers who made a one-time mistake on their tax return may have qualified for penalty relief, but only if they knew to ask for it. The IRS has now announced a major change that will make the process much easier for eligible taxpayers. What Changed? Beginning in Summer 2026, the IRS is replacing […]
June Tax Reminder: Are You Setting Yourself Up for a Surprise Tax Bill?
As we move into June, many business owners are focused on serving clients, growing revenue, and managing day-to-day operations. Unfortunately, taxes are often pushed to the bottom of the priority list until a surprise bill arrives. One of the most common issues I see is business owners who owe taxes every year but never make […]
The Difference Between Filing Taxes and Having a Tax Strategy
For many individuals and business owners, taxes become a once-a-year event. Documents get gathered.Forms get filed.Returns get submitted.And everyone breathes a sigh of relief when it’s over. But there’s a major difference between simply filing taxes and actually having a tax strategy—and understanding that difference can have a significant impact on your financial future. At […]
