IRS Recordkeeping Rules: What Individuals and Businesses Need to Know (Plus New 2025 Law Updates)
Keeping meticulous records isn’t just smart—it’s essential. Whether you’re an individual taxpayer or a business owner, good documentation helps you stay compliant with IRS rules, unlock every tax benefit, and sidestep headaches come tax season. Plus, with the new One Big Beautiful Bill Act becoming law on July 4, 2025, there are important changes to […]
Maximizing Tax Savings with Qualified Small Business Stock (QSBS): How Business Owners Can Save Millions in Taxes
As a business owner or investor, understanding the tax advantages available through Qualified Small Business Stock (QSBS) can result in substantial tax savings. This powerful tax incentive, codified under Section 1202 of the Internal Revenue Code, offers one of the most generous tax exclusions available to investors in qualifying small businesses. What is Qualified Small […]
Why Strong Accounting Records Are the Foundation of a Smooth Audit
The quality and timeliness of that opinion depend heavily on one thing: the strength and accuracy of your underlying accounting records.
One Big Beautiful Bill Act: What You Need to Know and Plan For Now
The comprehensive tax legislation signed on July 4th brings major changes affecting your 2025 taxes and beyond. From permanent lower tax rates and enhanced standard deductions to new credits for families and special deductions for seniors, these provisions create significant planning opportunities—but only if you act now.
The Truth About the “Big, Beautiful” Tax Bill and Social Security Benefits
If you’ve seen recent headlines—or even received an email from the Social Security Administration—you might be wondering whether Social Security benefits are now completely tax-free under the newly passed One Big, Beautiful Bill. Some messages have claimed that nearly 90% of recipients will no longer owe any federal income tax on their benefits. That would […]
Mid-Year Tax Moves for Smart Business Owners From the team at Rose Group CPAs
Smart business owners don’t wait until year-end to lower their tax bill. Here are 3 mid-year tax strategies to keep more of what you earn—and avoid last-minute surprises.
June Business Tax Deadlines – What You Need to Know Before Summer Kicks In By Rose Group CPAs
Don’t miss these key June tax deadlines—Rose Group CPAs keeps your business on track.
Tariffs and the Economy: What Business Owners Should Do Now
Tariffs and the economy are hot topics right now. Economic indicators are mixed. Whether we’re heading into a recession or continuing in a strong market, small and mid-sized businesses can control the anxiety by focusing on cash flow. Now is the time to tighten operations, protect your margins, and preserve working capital. You don’t need […]
Report of Foreign Bank and Financial Accounts
Taxpayers with foreign financial accounts have specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Whether you’re a U.S. citizen, green card holder, or resident alien, the IRS requires detailed reporting on certain foreign accounts, investments, and transactions. Failing to report foreign assets properly can lead to […]
How to Maximize Your Small Business Tax Deductions.
Running a small business is demanding. Between managing employees, juggling client deadlines, staying on top of invoices, and trying to squeeze in a little marketing—it is reasonable to expect tax planning may not make it to the top of your to-do list. But here’s the thing: missing even a few key deductions can cost you […]
