Accounting, Bookkeeping, & Tax Blog

Under this legislation, qualifying overtime workers can now deduct up to $12,500 of their overtime earnings from their taxable income ($25,000 for joint fi [...]

The recently signed "One Big Beautiful Bill Act" will have a significant impact on tax strategies and financial planning for small businesses operating in [...]

Under this new provision, tipped workers can deduct up to $25,000 of qualified tips from their taxable income. This applies to both employees, who typicall [...]

On December 27, 2024, Bench Accounting suddenly announced it was shutting down, leaving thousands of small business clients scrambling just ahead of tax se [...]

In an exciting move that illustrates their commitment to addressing these small business challenges, 1-800Accountant and LegalZoom have joined forces to pr [...]

Our Client Success team, supported by Salesforce's game-changing Agentforce autonomous AI, has been integral to 1-800Accountant's operations and illustrate [...]

Starting January 1, 2024, most US-based businesses must report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCE [...]

1-800Accountant has recently partnered with New York City’s Small Business Services (SBS) team. The partnership between the virtual accounting firm and the [...]

With high gas prices and new car offers every year, there’s never been a better time to explore electric vehicles. The newly updated EV tax credit provides [...]