Millions of filers ask the same question every tax season: “Where’s my refund?” For many, the federal tax refund represents a welcome financial influx that helps with everyday
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IRS Mileage Rates for 2025: The Definitive Guide for Business Owners
If you own a business, drive your car for a charitable cause, or need mileage deductions for medical or military moving expenses, staying on top of the latest
The Best Mileage Tracker Apps: Simplify Your Mileage Tracking and Tax Deductions
Tracking mileage is one of those seemingly small tasks that can yield big rewards come tax time. Whether you’re a solopreneur, a small business owner, or someone who
How to Calculate Profit Margin (and Why It Matters More Than Revenue)
If you ask most business owners what they care about in their financial statements, they’ll often say it’s their revenue—or top-line sales. After all, who doesn’t want a
Can You Claim Gambling Losses on Your Taxes?
Taxes can be overwhelming enough without considering the complexities of gambling winnings and losses. Whether you’ve tried your luck at a casino, bet on a sports game, or
What Is Tax Resolution? Proven Strategies to Find Relief from Overdue Taxes
Tax woes often feel overwhelming. The idea of owing the IRS or state can conjure images of wage garnishments, property liens, and collection calls at inconvenient hours. However,
Your Complete Guide to the Section 179 Deduction
The Section 179 deduction is a vital tax tool that allows many businesses to manage and reduce their taxable income by writing off the cost of a particular
How to Choose the Right Tax Preparer: A Comprehensive Guide for Individuals and Businesses
Choosing a trustworthy tax preparer is one of the most important financial decisions you can make each year. Whether you are an individual filer with a relatively simple
How to File a 1099-NEC Form for Vendors, Contractors, and Freelancers
Large and small businesses rely on freelance workers, independent contractors, and vendors daily. Whether you’re a small business owner paying a one-time consultant for website design or a
Section 179 Deduction for Over 6000 Pound Vehicles in 2025: List of Cars & Vehicles to Qualifying, Depreciation, and IRS List of Vehicles
For small business owners, especially those looking to expand or update their fleet with heavier vehicles (such as SUVs, pickups, or large vans), there is a strategic advantage