New individual deduction for overtime (2025–2028)
For tax years 2025 through 2028, individuals can deduct “qualified overtime compensation,” defined as the portion of FLSA overtime that exceeds the regular rate (i.e., the “half” part of time‑and‑a‑half) and that is reported on a Form W‑2, Form 1099, or other specified statement
No tax on tips” (tax years 2025–2028)
What counts as “qualified tips” (and what doesn’t)
Qualified tips are cash or charged tips received from customers (or, for employees, through a tip pool/tip‑sharing) that are paid voluntarily and not negotiated; mandatory service charges imposed by the business are not qualified tips.
Deduction for interest on personal-use passenger vehicle loans
What’s allowed. Individuals may deduct interest paid during the year on a loan used to purchase a “qualified vehicle” for personal use, up to an annual cap of $10,000. This is available whether or not you itemize (it’s a standalone deduction) and applies to tax years 2025 through 2028
Mission Statement
Our mission is to stand true to our values, morals, and ethics. As an Accountant, I understand and appreciate your trust in my firm. We will dedicate ourselves to ensure that our services are the most accurate, organized, and time efficient as possible. Thank you in advance for your trust in us.
Why specialize in small business?
We believe that small business owners are unique and require expanded services to ensure compliance with federal and state laws. Filing requirements for BOI, foreign investors, and increases in penalties has made it impossible to continue with the traditional accounting firm services. We know and understand that small business owners are extremely busy and require additional help in daily operations in the form of communications, administrative duties,
