Introduction Self-employed individuals face unique tax obligations, including self-employment tax, estimated quarterly payments, and business deductions. The new tax laws for 2025 bring several changes that impact freelancers, gig...
Introduction The IRS adjusts tax brackets annually to account for inflation and economic changes. For the 2025 tax year, the tax brackets have been updated to reflect cost-of-living adjustments....
Introduction Each year, the IRS updates tax policies to reflect economic conditions, legislative changes, and enforcement priorities. The 2025 tax year brings several key updates that affect individuals, businesses,...
Introduction A compliance audit ensures that a business follows legal, financial, and industry regulations. It verifies whether a company meets IRS tax laws, employment rules, financial reporting standards, and...