The new tax law (nicknamed the “One Big Beautiful Bill”) is one of the most sweeping updates to the tax code in recent years. Whether you’re a homeowner, a small business owner, a nurse working overtime, or a parent trying to maximize deductions, these new rules could mean more money in your pocket.

Smart tax planning starts now. By taking proactive steps before December 31, you can significantly reduce your 2024 tax bill and set yourself up for a smoother tax season.

Underpaying yourself increases the risk of an IRS audit, which could lead to costly penalties. Read more inside.

In this blog, we'll delve into the intricacies of per diem, its benefits, qualifications, and the documentation required to ensure compliance with IRS regulations.

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Seven compelling factors emphasizing the importance of bookkeeping for businesses.