by Deepak Aggarwal, CPA | Oct 24, 2025 | Blog
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by...
by Deepak Aggarwal, CPA | Oct 19, 2025 | Blog
Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your tax advisor before making financial moves to avoid missed deductions or costly surprises. You need modern, integrated tools to stay compliant (and audit-ready) in 2025. The...
by Deepak Aggarwal, CPA | Oct 7, 2025 | Blog
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
by Deepak Aggarwal, CPA | Sep 30, 2025 | Blog
“Simple can be harder than complex.” — Steve JobsQuick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax...
by Deepak Aggarwal, CPA | Sep 24, 2025 | Blog
“To profit from good advice requires more wisdom than to give it.” —Wilson Mizner Quick Answers: Who’s the Best Accountant to Help My Tri-State Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth...
by Deepak Aggarwal, CPA | Sep 20, 2025 | Blog
“The essence of strategy is choosing what not to do.” -–Michael PorterQuick Answers: What Are the OBBBA’s Excess Business Loss Limitations?The OBBBA made the Excess Business Loss limitation permanent (previously set to expire in 2028). For 2025, you can...
