Changes in IRS Enforcement and Audits

This tax season, the IRS is intensifying enforcement and audits due to increased funding from the Inflation Reduction Act. The agency aims to close the tax gap by focusing on high-income taxpayers and complex tax situations, impacting small business owners as well. Taxpayers should maintain accurate records and consider professional assistance to ensure compliance.

Harris, Trump, and the Tax Code

As we approach the 2025 expiration of the Tax Cuts and Jobs Act (TCJA), the future of the U.S. tax system looms large. Both Kamala Harris and Donald Trump offer starkly different visions for what happens next. With significant changes on the horizon, understanding their approaches could help you plan for what’s to come. The […]

Welcome to the Top Tax Preparation Tax Blog!

We’re excited to welcome you to the Top Tax Preparation blog—your go-to source for expert insights, helpful tips, and the latest updates in the world of taxes and small business finance. Whether you’re a small business owner looking for advice on managing your financials or an individual navigating tax season, we’re here to provide clear, […]