Tax-loss harvesting (TLH) and wash-sale rules 1. What Is Tax-Loss Harvesting? Tax-loss harvesting is a strategy where an investor sells a declining investment to realize a loss, which can offset capital gains, reduce up to $3,000 of ordinary income, and be carried forward indefinitely. The process is simple: identify an investment below its purchase price, […]
Tax Treatment of Tips and Overtime Pay under the OBBBA (2025)
Tax Treatment of Tips and Overtime Pay under the OBBBA (2025) 1. Introduction The taxation of employee compensation in the form of tips and overtime pay has long posed challenges in fairness and compliance. Historically, both forms of income were taxed like regular wages—subject to federal income tax, Social Security, and Medicare withholding. Under prior […]
Income Tax Compilation for Businesses: A Remarkable Guide from SAI CPA Services
Income Tax Compilation for Businesses: A Remarkable Guide from SAI CPA Services Handling business tax is one of the most important—and stressful—tasks of management. SAI CPA Services understands how overwhelming tax management can be, and that’s why we strive to help you simplify the process, so you can focus on growing your business. Why Is […]
Income Tax Preparation for Individuals: A Brief Overview by SAI CPA Services
Income Tax Preparation for Individuals: A Brief Overview by SAI CPA Services Filing taxes should not be a stressful experience. SAI CPA Services understands that tax season can be overwhelming due to the constant changes in tax laws. Don’t worry, though! We’ve designed a process that’s simple and stress-free. Income tax preparation is about understanding […]
Time’s Ticking: Max Out Your Retirement Contributions Before Year-End
Time’s Ticking: Max Out Your Retirement Contributions Before Year-End From Sai CPA Services As 2025 winds down, it’s the perfect time to review your retirement savings strategy. Whether you’re contributing to a 401(k), IRA, or other retirement accounts, making the most of your annual limits can help secure your financial future and reduce your tax […]
IRS UPDATE: 2025 Transition Relief for Car Loan Interest Reporting
IRS UPDATE: 2025 Transition Relief for Car Loan Interest Reporting Big news for lenders, borrowers, and tax professionals! Under the One Big Beautiful Bill Act (OBBBA), a new federal tax deduction for car loan interest takes effect—and the IRS has just issued transition relief for 2025. Here’s what it means for you: Who Qualifies? To […]
Understanding Non-Profit Taxes: What Your Organization Needs to Know
Understanding Non-Profit Taxes: What Your Organization Needs to Know Operating a non-profit involves doing good for the community as well as learning to operate within the different legal and tax frameworks you will encounter. Non-profits also have to keep learning as the legal and tax structures change. If you do not learn and adapt, you […]
New IRS Guidance Clarifies Rules for Rural Opportunity Zones
New IRS Guidance Clarifies Rules for Rural Opportunity Zones On October 13, 2025, the IRS and U.S. Treasury released Notice 2025-50, offering significant clarification on provisions of the Opportunity and Betterment for Business Bill (OBBB) related specifically to rural Qualified Opportunity Zones (QOZs). This update addresses long-standing questions and introduces changes that make rural investments […]
Tax Refunds Are Going Digital: What You Need to Know
Tax Refunds Are Going Digital: What You Need to Know Big Change Coming in 2025 The IRS, alongside the U.S. Department of the Treasury, is implementing a significant alteration in the issuance of tax refunds. Starting September 30, 2025, the IRS will no longer issue paper tax refund checks to individual taxpayers. As part of […]
Unlock Tax Savings with the Work Opportunity Tax Credit (WOTC)
Unlock Tax Savings with the Work Opportunity Tax Credit (WOTC) A Strategic Advantage for Employers Who Hire Inclusively Rising operating expenses and a tight labor market are compelling reasons for businesses to leverage the Work Opportunity Tax Credit (WOTC) as a financial and ethical hiring lever. This federally sponsored incentive rewards the employment of individuals […]
