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IRS New Policy 2026: A Strategic Guide for Businesses & Individuals

Posted By: sginccpa

The IRS New Policy 2026 is another significant move towards greater transparency, compliance, and greater technology application in tax administration, as the U.S. tax environment keeps changing. Such changes in policies will affect the existence of both individuals and enterprises, so it is necessary to know what is changing and how to adjust to it.… Continue reading IRS New Policy 2026: A Strategic Guide for Businesses & Individuals

Real Estate Bookkeeping Mastery: Key Strategies for Success in 2026

Posted By: sginccpa

The real estate business is developing fast, and accurate financial management is no longer a choice; it is a strategic requirement. As a property investor, real estate developer, or property manager, it is essential to ensure that you master the art of real estate bookkeeping in 2026 to ensure that you maximize profitability, stay compliant,… Continue reading Real Estate Bookkeeping Mastery: Key Strategies for Success in 2026

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Real Estate Accounting Services in 2025: Best Practices You Need to Know

Posted By: sginccpa

The business of real estate accounting services is an ever-growing and evolving business, and thus, the business is increasingly becoming more complicated financially. The necessity to deal with rental income and property costs and the necessity to deal with tax laws and compliance conditions determine the importance of accurate accounting more than ever. To remain… Continue reading Real Estate Accounting Services in 2025: Best Practices You Need to Know

The Hidden Home Equity Tax: A Growing Concern for Texas Homeowners

Posted By: sginccpa

Hidden Home Equity Tax Explained The “Hidden Home Equity Tax” is just a catchy name for federal capital gains taxes that surprise a lot of unwary sellers. It especially snags homeowners who’ve reached a life stage where they have a lot of home equity built up. Even though home prices have been very high, the capital gains… Continue reading The Hidden Home Equity Tax: A Growing Concern for Texas Homeowners

Texas Supreme Court to Decide the Taxability of VELO Nicotine Pouches

Posted By: sginccpa

Litigation Over Nicotine Isolate Products VELO, a brand of R.J. Reynolds, markets pouches and lozenges containing nicotine isolate. As the name suggests, nicotine isolate is nicotine chemically extracted from the tobacco plant; it contains no tobacco leaf material. In 2019, Texas Comptroller Glenn Hegar determined that these products were subject to the state’s Cigars and… Continue reading Texas Supreme Court to Decide the Taxability of VELO Nicotine Pouches

SALT Deduction Cap Increased to $40,000 for 5 Years: What You Need to Know

Posted By: sginccpa

Between 2018 and 2025, the Tax Cuts and Jobs Act (TCJA) capped the deduction for state and local taxes (SALT) at $10,000. This was a particularly large burden on homeowners in states with high taxes, including New York, California, and New Jersey. Legislative Change: One Big Beautiful Bill Act (OBBBA) Congress passed the One Big… Continue reading SALT Deduction Cap Increased to $40,000 for 5 Years: What You Need to Know

CBO Warns Trump Tax Bill Will Add $3.4 Trillion to Deficit and Leave 10 Million Uninsured by 2034

Posted By: sginccpa

The “One Big Beautiful Bill” Act —a trillion-dollar, Trump-era tax-and-spending package that both extends tax cuts, creates new worker deductions, and makes sweeping cuts to health care and social safety net programs—passed both chambers of Congress in July 2025 and was promptly signed into law by the President. Just weeks later, the Congressional Budget Office… Continue reading CBO Warns Trump Tax Bill Will Add $3.4 Trillion to Deficit and Leave 10 Million Uninsured by 2034

One Big Beautiful Bill Act

One Big Beautiful Bill Act (OBBBA): Major Tax Changes for Individuals and Business Owners in 2025

Posted By: sginccpa

The One Big Beautiful Bill Act (OBBBA) contains some of the most comprehensive federal tax reforms in recent years. The working families’ tax relief Act, as the name suggests, is intended to simplify the tax code and offer tax relief for both individuals and businesses. Taxpayers of all kinds will be affected by these new… Continue reading One Big Beautiful Bill Act (OBBBA): Major Tax Changes for Individuals and Business Owners in 2025

top 7 tax deductions most doctors miss

Top 7 Tax Deductions Most Doctors Miss — And How to Claim Them Legally

Posted By: sginccpa

Doctors have a tendency to get so caught up in their patient’s lives that they forget about the big tax deductions they can take advantage of. Many doctors are needlessly overpaying taxes by thousands of dollars per year simply by not being aware of the tax write-offs available to them. The good news is that… Continue reading Top 7 Tax Deductions Most Doctors Miss — And How to Claim Them Legally