The 2025 SALT cap increase is one of the biggest tax changes in years. The new rules allow many taxpayers to deduct far more in state and local taxes. If you live…
Category: Accounting
Trump’s $2,000 Tariff Dividend: Cash Bonus or Hidden Tax Bill?
In late 2025, President Donald Trump introduced a headline-grabbing idea: a $2,000 “Tariff Dividend” paid directly to Americans. Many instantly compared it to a stimulus check. Others wondered if it was a…
AOTC vs. LLC: Which Education Tax Credit Saves You More?
Investing in education is one of the smartest moves you can make—but it’s also one of the most expensive. Whether you’re a college student, graduate student, or working professional upgrading your skills,…
AI Bookkeeping in 2025: How Small Businesses Are Finally Letting Go of Manual Accounting
AI bookkeeping for small businesses is transforming how entrepreneurs manage their finances in 2025.For years, small business owners—especially restaurant operators—relied on spreadsheets, receipts, and late-night reconciliations. Bookkeeping was time-consuming, error-prone, and stressful….
Inflation and Financial Statements: How Rising Prices Can Distort Business Truths
When most people think about inflation, they imagine rising grocery bills, higher fuel prices, or shrinking paychecks. But beyond everyday life, inflation quietly affects something far more important — the financial statements…
Taxed in Two Countries, Loved by None: The Dual Citizen’s Nightmare
You’ve lived in Vancouver for 25 years, raised your kids there, and filed your taxes like a good citizen.Then comes a letter from the IRS—demanding details about your foreign bank accounts, retirement…
Revenue Recognition in SaaS: The Complete Guide for Subscription Businesses
In today’s subscription-driven economy, Software as a Service (SaaS) companies are transforming how revenue is generated. At first glance, the model looks simple: charge customers monthly or annually for access. But when…
The H-1B Shockwave: Why U.S. Firms Are Turning to India for Accounting, Tax & Bookkeeping Talent
Imagine this: one morning, America’s boardrooms and CPA firms wake up to quieter inboxes, fewer resumes, and empty interview chairs. The U.S. talent pipeline — once fueled by the steady inflow of…
The Ethics of Accounting: Why Integrity Is as Important as Accuracy
When most people think of accounting, they imagine spreadsheets, debits, and credits. But beneath the numbers lies something far more important: ethics. Accounting isn’t just about technical precision—it’s about trust, fairness, and…
Materiality in Accounting: Why Small Numbers Can Matter Big in 2025
In the financial world, not all numbers carry the same weight. A $20 office supply purchase may be negligible for a global corporation, but for a cash-strapped startup, that same expense could…