by groupm7 | Mar 18, 2026 | Blog
An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance payments must be reported as taxable income in the year received. This treatment always applies if your business uses the...
by groupm7 | Mar 18, 2026 | Blog
Many small and midsize businesses rely on QuickBooks® for day-to-day bookkeeping. But the platform also offers tools designed to improve efficiency and strengthen financial oversight. In recent years, QuickBooks has expanded its automation, reporting and integration...
by groupm7 | Mar 18, 2026 | Blog
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of the tax year, there are some decisions you can make when filing your return that can save taxes now or in the...
by groupm7 | Feb 25, 2026 | Blog
Important Mailing Reminder:Effective December 24, 2025, the United States Postal Service has implemented changes that may affect the postmark date, and that date may now be later than the date an item is dropped in the mail. Because tax deadlines are based on the...
by groupm7 | Feb 25, 2026 | Blog, Featured
What Is a Trump Account? A Trump Account is a federally created, custodial-style tax-advantaged savings account for children under age 18. Key features include: – Custodial IRA-like structure – One-time $1,000 pilot program contribution for eligible...
