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Documents and charts labeled 'Written Information Security Plan,' accompanied by a pen and glasses, symbolizing professional data security planning.

Why Tax Pros Need an Updated Written Information Security Plan

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Tax pros must update their Written Information Security Plan (WISP) to protect sensitive client data from cyber threats. Learn how to safeguard your practice. What is a Written Information Security Plan (WISP)? A WISP is a formal document outlining an organization’s procedures for protecting sensitive data. It’s designed to address risks related to the collection,

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STAY PROTECTED: Charitable Contribution Scams on the Rise

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Charitable giving can reduce taxes, but scams are rising. Learn how to spot fraud, protect your donations, and ensure your contributions are legitimate. Understanding Charitable Contribution Scams Charitable scams often target taxpayers during times of crisis or around tax season, exploiting the goodwill of individuals looking to support a cause. These schemes are designed to

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An individual using a smartphone with social media icons floating above the screen, symbolizing the spread of information and potential scams on social media platforms.

Protect Yourself: Beware of Bad Tax Advice on Social Media

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Social media offers useful tax info but is also a hotspot for scams. The IRS urges caution during Tax Security Awareness Week to avoid misleading advice online. The Rise of Tax Misinformation on Social Media Social media’s vast reach and rapid dissemination capabilities make it an attractive medium for sharing information. However, this ease of

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Logos of PayPal, CashApp, Square, and Venmo displayed over an IRS Form 1099-K, representing the reporting requirements for payment platforms

IRS Updates on Payments Apps You Should Be Aware Of

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As digital payment platforms like PayPal, Zelle, Venmo, and CashApp become integral to personal and business transactions, the IRS has updated reporting requirements to ensure accurate income reporting. These changes impact how payments received through these platforms are reported and taxed. This article provides a comprehensive overview of the IRS’s updated guidelines, their implications, and

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Why a Bookkeeper is Essential for Your Business Success

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Discover the benefits of hiring a bookkeeper, from saving time and improving accuracy to staying tax-compliant and preparing your business for growth. Hiring a professional bookkeeper can streamline your financial processes, save you time, and help you focus on what you do best: growing your business. In this blog post, we’ll explore the benefits of

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IRS Efforts to Cut Refund Delays & Prevent Identity Theft

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In an era of increasing cyber threats and processing delays, the IRS has taken significant steps to enhance its systems for the 2025 tax season. From improved technology to new safeguards, these changes aim to reduce refund delays and protect taxpayers from identity theft. This blog explores the IRS’s recent updates, how they help taxpayers,

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A simple and professional image featuring a small easel holding a spiral-bound notepad with the words "TAX TIPS" in bold black letters. To the right of the notepad is a modern round clock with a white face, showing the time, and two pens placed on the white surface below. The background is plain white, emphasizing the clean and organized layout.

Tips to Organize Documents & Maximize Returns

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Get ready for 2025 tax season! Organize your paperwork now to save time, reduce stress, and maximize deductions—whether you’re self-employed or a business owner. In this guide, we’ll cover everything you need to know to prepare yourself and your paperwork for the 2025 tax season, including essential documents to gather, important deadlines, tips for organizing,

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Calculator displaying 'TAX-2025' on a screen, surrounded by a stack of coins, a clock, and a 1040 U.S. Individual Income Tax Return form, symbolizing 2025 tax preparation

2025 IRS Tax Changes: How They’ll Impact Your Finances

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The IRS has announced 2025 tax changes affecting deductions, brackets, and credits. Learn how these updates impact your tax filing and financial planning. Key 2025 IRS Tax Changes and How They Affect You 1. Standard Deduction Increase The standard deduction is a key component of tax filing, reducing the portion of income that’s subject to

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Countdown to TCJA's Expiration and What It Means for You

Countdown to TCJA’s Expiration and What It Means for You

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The TCJA, enacted in 2017, expires in 2025, potentially reverting many tax rules to pre-2017 standards. Learn how this may impact taxpayers and how to prepare. What is the TCJA? The TCJA, signed into law in December 2017, was a comprehensive tax reform package aimed at stimulating economic growth by lowering tax rates, increasing deductions,

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