February 3, 2026 / by Brett Hess / Tax
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you’ll be able make deductible 2025 contributions to it, saving you taxes. Not only is the SEP deadline favorable, but […]
Read more
Contact us today at 301.698.0795
Before Claiming a Charitable Deduction for 2025, Make Sure You Can Substantiate It
February 19, 2026 / by Brett Hess / Tax
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly what’s required depends on various factors. In some cases, you must have a written acknowledgment from the charity. Substantiating cash […]
Read more
There’s Still Time to Set up a SEP and Reduce Your 2025 Taxes
February 3, 2026 / by Brett Hess / Tax
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you’ll be able make deductible 2025 contributions to it, saving you taxes. Not only is the SEP deadline favorable, but […]
Read more