As of January 1, 2026, the estate tax exemption is scheduled to decrease significantly. Currently, in 2025, the exemption stands at $13.99 million per individual. Without legislative changes, this amount will revert to approximately $7 million in 2026.
Estate Planning Alert: Upcoming Reduction in Gift and Estate Tax Exemptions Read More »
An IRS audit can be overwhelming and stressful, but having a ta professional by your side can make all the difference. Here’s why you should deal with an audit with proper guidance.
Why You Shouldn’t Handle An IRS Audit Without A Tax Professional Read More »
The 179D deduction for energy-efficient buildings offers significant tax savings for commercial building owners and designers. This program is designed to encourage energy efficiency by offering deductions for qualifying upgrades or new construction that meet specific energy-saving standards.
Unpacking the 179D Deduction: Tax Benefits for Energy-Efficient Commercial Buildings Read More »
Small businesses often face challenges in managing expenses while investing in equipment essential for operations. One of the most effective strategies to reduce taxable income is depreciation for small businesses. By leveraging depreciation, small businesses can offset the cost of equipment over time, improving cash flow and optimizing tax savings.
The Alternative Minimum Tax for business owners is a parallel tax system designed to ensure businesses with high income and significant deductions pay their fair share of taxes. While this may sound straightforward, it can introduce unexpected tax obligations. Understanding how it works can help businesses manage their financial planning with greater precision.
Navigating the Alternative Minimum Tax (AMT): What Every Business Owner Should Know Read More »
As remote work continues to reshape the workplace, maintaining tax compliance for remote workers has become a challenge for U.S. businesses. With employees working across multiple states or even countries, businesses must adapt their tax strategies to meet the requirements of state and federal tax laws. Failing to do so can lead to penalties, audits, and
Tax Efficiency for Remote Workforces: How U.S. Businesses Can Stay Compliant in 2025 Read More »
Managing finances is a crucial part of freelancing and independent contracting. While the freedom of being your boss is appealing, it comes with responsibilities, especially when it comes to organizing financial records. Maintaining good bookkeeping practices is key to long-term success. Properly managed finances not only help avoid tax issues but also offer insight into your
Essential Bookkeeping Practices for Freelancers and Contractors Read More »
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Nidhi Jain is a CPA and Indian CA providing services in US and India. We serve Bay area including South Bay, Sunnyvale, San Jose, Milpitas, Fremont, East Bay, Trivalley, Pleasanton, Livermore, Dublin and San Ramon. We specialize and have extensive experience to best serve our clients with complex tax situations like: Asset Inheritance and Gift from Foreign countries, Repatriating Money from Foreign countries, FBAR Filing (Foreign Bank Account Reporting), Incorporation of US Entity by International Clients, International Tax reporting and compliance of selling property abroad, Tax Planning and Advisory Service
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