We’ve published a lot of news in 2025, but a few posts seem to be exceptionally popular! Here’s a review of our top blog posts that received the most attention this year.
Please note that some of these posts may be outdated.
1. IRS to Phase Out Paper Checks in Favor of Electronic Payments
Beginning September 30, 2025, the IRS will no longer accept paper checks for tax payments or issue refunds by mail. Instead, all payments and refunds will be processed electronically. This move is intended to modernize the tax system, reduce fraud, and improve efficiency for both taxpayers and the government.
2. Don’t Miss Out: Claim Your Share of the $5.54 Billion Credit Card Settlement
If your business accepted Visa or Mastercard credit card payments between January 1, 2004, and January 25, 2019, you could qualify to receive a portion of the $5.54 billion Payment Card Settlement. This settlement presents a significant opportunity for businesses affected by interchange fees and card network rules—and many healthcare providers are eligible to file claims.
3. Pennsylvania Introduces New Annual Filing Requirement for Registered Businesses
Starting January 1, 2025, Pennsylvania businesses registered with the Department of State will need to comply with a new annual filing requirement. This update aligns Pennsylvania with many other states that mandate regular reporting to maintain good standing.
4. No Tax on Overtime? – Be Careful – Not All Overtime Applies
The “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, represents the most sweeping tax reform since the Tax Cuts and Jobs Act (TCJA). The bill introduced a headline-grabbing benefit: a tax deduction on overtime pay. But while the idea of “no tax on overtime” has captured attention, the reality is far more nuanced. The new rules don’t apply to all extra hours worked—only a specific kind of overtime qualifies.
5. Major Tax Legislation Alert: What’s Inside the One Big Beautiful Bill (OBBB)
On July 4, 2025, the One Big Beautiful Bill Act (OBBB) was signed into law, a sweeping piece of tax and economic legislation that will have wide-ranging impacts on individuals, businesses, and estates. As your trusted advisors, we’re here to break down what this historic bill means for you, your family, and your business.
6. The Effects of the OBBB on the Home Mortgage Interest Deduction
The “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, represents the most sweeping tax reform since the Tax Cuts and Jobs Act (TCJA). While the legislation spans hundreds of pages, individual taxpayers need to be aware of key changes regarding the home mortgage interest deduction that will impact them.
7. The Effects of the OBBB on Educator Expenses
The “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, represents the most sweeping tax reform since the Tax Cuts and Jobs Act (TCJA). While the legislation spans hundreds of pages, individual taxpayers need to be aware of key changes regarding educator expenses that will impact them.
8. Accounting for loan modifications: Are you tracking the right information?
In 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The ASU eliminated the accounting and reporting requirements for troubled debt restructurings (TDRs) for banks that have adopted the current expected credit losses (CECL) allowance methodology.
9. Top 5 Provisions of the OBBB Every Individual Taxpayer Should Know
The “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, represents the most sweeping tax reform since the Tax Cuts and Jobs Act (TCJA). While the legislation spans hundreds of pages, individual taxpayers need to be aware of five key provisions that will immediately impact them.
10. How the New Itemized Deduction Limits Affect the Average Taxpayer
The 2025 tax reform legislation—formally known as the One Big Beautiful Bill—has introduced sweeping changes to itemized deductions, reshaping how millions of Americans calculate their taxable income. For the average taxpayer, these changes bring both relief and complexity, depending on income level, location, and filing status. What follows are a few highlights of the changes that affect taxpayers who itemize on their Federal tax returns.
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