Blog - Rose Snyder & Jacobs LLP

Congress Is About to Terminate Environmental Tax Credits. Taxpayers Need to Act Quickly to Qualify

The legislative landscape of environmental tax credits may soon change significantly, as "The One, Big, Beautiful Bill" awaits Senate approval following its passage by the…

Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 Bill

You know that moment in April when you look at your tax bill and think: “We could’ve done something about this... if we’d only planned…

Understanding the Proposed Tax Legislation: A Cautionary Approach to Tax Planning

In recent months, legislative activity in Congress has spurred considerable discussion around the proposed One Big Beautiful Bill Act (OBBBA). This article explores the key…

Cash Flow Is King (Again): How Small Businesses Can Stay Strong in Uncertain Times

Some headlines say a recession’s coming. Others say the economy’s surprisingly strong. Meanwhile, you’re over here trying to run a business and wondering if you…

Market Jitters? Smart Tax Moves Boomers Should Be Thinking About Now

If you're near retirement — or already there — market dips hit differently. When you're still in your 30s or 40s, a downturn is just…

When Consumers Pull Back: What Small Businesses Need to Know Right Now

It starts small. Fewer cars on the dealership lot. Half-empty restaurants on a Friday night. A "maybe next year" when customers talk about their next…

Executive Order Mandates Shift to Electronic Federal Payments

An executive order signed by President Donald Trump earlier this year is set to overhaul how the federal government handles financial transactions. Starting September 30,…

The Mid-Year Review: Your Secret Weapon (Now That Everything Is Uncertain)

Let's face it: Waiting until December to check your business's financial pulse is like waiting for your engine to seize before checking the oil. In this economy?…

How to Choose the Perfect Business Entity for Your Venture

Choosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity you select can have significant implications for…

Spring Clean Your Business Finances: 7 Tips to Improve Cash Flow and Cut Costs

Spring isn’t just for closets. It’s for your business finances too. And just like you wouldn’t leave last year’s mismatched socks sitting in your drawer, you…

The Retirement Tax Surprise: What Boomers Need to Know Before It’s Too Late

You did it. You worked hard, saved consistently, and now you're either enjoying retirement—or it's just around the corner. You’ve been told for years to…

Zero-Based Budgeting: The Bold Way to Stop Wasting Money and Start Growing

Picture this: You’re hunched over last year’s budget, crossing out line items you think you can live without. And then what happens? The same stuff makes it…

Unveiling the Hidden Costs: How Non-Compliance in Foreign Asset Reporting Could Lead to Substantial Penalties

In an increasingly globalized world, many U.S. taxpayers find themselves with financial interests or assets located outside the United States. Whether through inheritance, investment, or…

Tax Implications of Downsizing: What Baby Boomers and Gen X Need to Know

Remember when “downsizing” was something you did to your closet every spring? Now, it’s a buzzword for a major financial move: selling the big family…

Discover How Millions Track Their Tax Refunds Online Instantly!

The "Where’s My Refund" tool is accessible via the IRS website and the IRS2Go mobile app. It provides personalized refund information based on the processing of…

Tax Time Has Arrived! Tips for Getting Ready for Your Tax Appointment

You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays…

Supreme Court Lifts Nationwide Injunction on BOI Reporting

BREAKING NEWS On Thursday January 23, 2025, the Supreme Court issued a stay on a nationwide injunction that had previously halted the enforcement of beneficial…

Navigating the Aftermath: Understanding Disaster Loss Tax Provisions for Homeowners Affected by Disasters

In recent years, wildfires, hurricanes, and other natural disasters have become increasingly frequent and devastating, leaving many individuals and families grappling with the loss of…

Due Dates

INDIVIDUAL DUE DATES July 1 - Time for a Mid-Year Tax Check Up Time to review your 2025 year-to-date income and expenses to ensure estimated…

How to Prepare for Your Year-End Financial Review: A Guide for SMBs

As the year draws to a close, it’s time to take stock of your business’s financial health. A year-end financial review isn't just a box…