On March 25, 2025, President Trump signed an executive order effectively eliminating the U.S. government’s long-standing practice of issuing paper checks. The order, "Modernizing payments to and from America's bank account," requires all federal payments, including tax refunds, to transition to electronic methods by September 30, 2025. This significant change aims to eliminate inefficiencies, reduce costs, and enhance payment security. The shift to digital will affect millions of taxpayers and has significant implications for the entire accounting industry... (more)

You have until the end of the year to take advantage of federal tax credits for clean-energy and energy-efficiency upgrades to your home, whether that’s by installing solar panels, upgrading your windows, or buying a geothermal heat pump. These incentives now expire at the end of 2025 due to changes made in the recently passed tax and spending law. You will be able to claim the credits when filing 2025 taxes. To qualify, the expense must be incurred and the product must be placed... (more)

The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, makes the most significant legislative changes to federal tax policy since the 2017 Tax Cuts and Jobs Act (TCJA). Notably, the OBBBA makes permanent the individual tax changes first put in place by the TCJA, which avoids a tax hike on an estimated 62 percent of tax filers in 2026. The law provides additional tax cuts to individuals and businesses on top of TCJA extensions, including new deductions for tipped and overtime income, an expanded child tax credit and standard deduction... (more)

As a CPA who's worked in tax planning for years, Joe Oliviera, CPA confidently says: the recently passed “Big, Beautiful Bill” (BBB) is one of the most impactful tax reform packages in recent memory. Whether you’re a wage-earner, investor, or business owner, understanding these changes now is vital—especially with many provisions kicking in come 2025. Let’s start by clearing up one of the most misunderstood aspects. Despite headlines claiming “no more tax on tips,” that’s not what the bill actually says. What it does offer is generous deductions—up to $25,000 per year for qualified tip income and up to $12,500 for overtime... (more)