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For decades, the $600 rule was a constant in the world of business accounting. If you paid an independent contractor or a vendor at least that much, a Form 1099 followed shortly after. However, the One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, has officially shifted the landscape. Starting with the […]

For many business owners and individuals alike, tax season brings one shared feeling: stress. Rushing to gather documents, worrying about mistakes, and bracing for unexpected bills has turned filing taxes into what many jokingly but accurately call the National Season of Stress. But tax season didn’t start this way. Understanding how the IRS came to

Tax season isn’t just about deadlines and paperwork,  it’s also about understanding how changes to tax rules affect your bottom line. For the 2025 tax year (the returns you’ll file in 2026), there are key updates to both tax brackets and standard deductions that every taxpayer should know. Staying informed now helps you plan smarter

Tax season has a way of revealing how your business really handled its finances. On one side, you have clean, organized books, clear reports, categorized expenses, and numbers that actually make sense. On the other, there’s the messy shoebox receipts everywhere, missing transactions, and a whole lot of guesswork. If you’re heading to your CPA

As the year wraps up, one of the smartest things you can do for your business is to make your bookkeeper’s job easier. January isn’t just about fresh starts, it’s also the most important month for getting your financials in order. Having the right documents ready by January 31st helps ensure accurate reports, smoother tax

As we turn the page to a new year, it’s easy to get swept up in the rush of tax deadlines and new resolutions. But before we look too far ahead, I want to ask you a question: What went right in 2025? In engineering, we often perform a “post-mortem” or a success analysis to

Starting a new year is exciting, but for many small business owners, January also brings a bit of “tax anxiety.” At BASC Expertise, we combine engineering precision with tax strategy to take that weight off your shoulders. If you want to avoid IRS penalties and keep your cash flow predictable, you need to mark these

With today’s high home prices and the unpredictable real estate market, it’s no wonder that your adult children might struggle to buy their first home. At the same time, you may be ready to move on from your current home or simply want to help your kids get a head start in life. If that

If you’ve been thinking about making your home greener, more energy-efficient, and more comfortable, 2025 is the year to act. Thanks to the One Big Beautiful Bill Act (OBBBA), homeowners can claim up to $3,200 in tax credits for energy-efficient home improvements but only if those improvements are placed in service on or before December

The clock is ticking, and December 31, 2025, is closer than you think. Whether you’re thinking about marriage, divorce, paying your children, or gifting to loved ones, your year-end decisions could have a big impact on your taxes. Here are five key strategies to consider before the year ends. Put Your Children on Your Payroll