by Gurumukh Khalsa | Nov 30, 2025 | Uncategorized
Recent tax legislation has introduced some noteworthy deductions for 2025. They are: For tip-based jobs workers can deduct $25,000 in tips annually. Also, workers may deduct their overtime pay. Both of these are deductions whether you itemize or take the standard... by Gurumukh Khalsa | Sep 25, 2025 | Newsletter
Several of my clients have had their personal identity information stolen and a false tax return was filed in their name. This is disconcerting and there is a sense of personal violation. When this happens the IRS requires the filing of a paper return, which takes... by Gurumukh Khalsa | Sep 21, 2025 | Uncategorized
I specialize in providing SCorp accounting and tax preparation. One hour complimentary time to evaluate your situation. by Gurumukh Khalsa | Jul 25, 2021 | Newsletter
After that June rain it has again turned sunny and dry. Hope you are enjoying this weather. American Rescue Plan I’m going to give you a few of the high points in this legislation and then the link for the details. Child tax credit goes from $2,000 to $3,600 for... by Gurumukh Khalsa | Jun 22, 2021 | Newsletter
Hope you are all well and enjoying the summer. Claiming deductions and credits for work related expenses There is an easy way to claim educational expenses and that is if you have your own Schedule C business. If you take educational courses because it maintains or...
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