ACT Professional Services Blog
Insights on Taxes, Accounting & Financial Planning
Your 30-Day Tax Prep Plan for a Stress‑Free Filing Season
If tax season already has you feeling overwhelmed, you are in good company. Sorting through forms, meeting deadlines, and keeping everything organized can quickly become stressful. The good news is...
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5 Everyday Business Records That Can Reveal Tax Savings
Running a business comes with plenty of responsibilities, and staying on top of tax obligations is one of the biggest. What many business owners don’t realize is that valuable deductions often hide...
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Make Tax Season a Breeze: The 30-Day Tax Prep Plan
Feeling the stress of tax season creeping up? You’re not alone. The forms, deadlines, and all the paperwork can seem overwhelming. But here’s the good news: you don’t have to tackle it all in one...
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Essential End-of-Year Tax Questions for Businesses
As the calendar year closes, it's a prime opportunity to strategically assess your tax situation. By planning ahead before December 31, you can potentially reduce your tax liabilities, enhance cash...
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Fall Into Smarter Tax Planning with Tax-Loss Harvesting
As the leaves change and the year winds down, it's the perfect moment to refresh your tax strategy. Just like a fall clean-up prepares your home for the season ahead, tax-loss harvesting can tidy...
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First-Time Business Owner Tax Tips
Organize Your Deductible ExpensesAs a new business owner, it's crucial to organize and understand your deductible expenses. Some common deductions include office rent or your home office, software...
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OBBBA's Bonus Depreciation: A Game-Changer for Businesses
A major tax update has just been inked into law with the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025. This legislative move marks a significant shift with its key provision:...
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Year-End Essentials: Payroll, Bonuses, and Compliance
Proactive Planning for Year-End PayrollAs the year draws to a swift close, it's easy to feel overwhelmed by impending deadlines and the festive hustle. December might seem far-off, but addressing...
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Tax-Loss Harvesting: Fall's Perfect Financial Cleanup
Embrace Fall with Financial Wisdom As the leaves start to fall and a crisp chill fills the air, the season of change is upon us. Much like raking leaves and preparing your home for the cozy...
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How Life Events Can Change Your Tax Status
Life changes, such as marriage, divorce, or expanding your family, are often emotional milestones. However, these significant shifts also come with practical implications, especially when it comes...
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The Case for Choosing Accountants Over Tax Software
In today’s digital age, taxpayers face a crucial decision: should they rely on digital tax software or hire a professional accountant? The allure of tax software is undeniable due to its...
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10 Bookkeeping Terms Every Owner Should Know
Managing a business's finances can be daunting. Whether you're new to business ownership or refreshing your financial literacy, understanding basic bookkeeping terms is essential. A solid grasp of...
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Master 10 Crucial Payroll Terms for Business Success
Managing payroll is a complex yet critical aspect of running a business. For business owners, understanding payroll terminology not only simplifies processes but ensures legal compliance and keeps...
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3 Essential Bookkeeping Reports to Review Monthly
As a business owner, managing your financials can often feel overwhelming. Balancing day-to-day operations with financial oversight is no easy feat. However, carving out regular time each month to...
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Mid-Year Tax Moves to Slash Your 2025 Tax Bill
Seize the Summer for Strategic Tax SavingsWhile tax season might feel distant, summer is an ideal time to implement strategies that can significantly reduce your 2025 tax bill. By making informed...
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Smart Moves to Lower Your 2025 Business Tax Bill
Strategic Planning During Summer's Slowdown: A Tax-Saving AdvantageAs summer brings a slower pace across many industries, it offers a perfect opportunity for business owners to focus on strategic...
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One Big Beautiful Bill Act: Key Tax Insights for Businesses
Today's business landscape can often feel overwhelming, especially when new legislation introduces sweeping changes. The One Big Beautiful Bill Act is one such reformative measure, promising...
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