JAACOVI TAX & BOOKKEEPING

As 2025 unfolds, staying on top of tax planning is more important than ever. New tax laws, inflation adjustments, and economic shifts...

Converting your LLC into an S Corporation (S Corp) is a decision that can offer significant advantages but also comes with potential...

As a small business owner, every dollar counts. Maximizing tax deductions can significantly reduce your taxable income and keep more...

The Trump tax cuts, formally known as the Tax Cuts and Jobs Act (TCJA), were enacted in December 2017, significantly altering the...

A Health Savings Account (HSA) is a type of personal savings account designed to help individuals save and pay for qualified medical...

Divorce is a significant life event that comes with various emotional and logistical challenges. One often overlooked aspect is the tax...

As tax season rolls around, many taxpayers eagerly await their refunds, anticipating the financial relief they bring. However, the...

The home office deduction is a tax benefit that allows individuals who use a portion of their home exclusively for business purposes to...

Real estate transactions involving corporations can have significant tax implications, and understanding the concept of taxable events is...

As the year draws to a close, it's not only a time for festive celebrations but also a crucial period for strategic financial planning....

For small business owners, managing finances can be a complex and challenging task. One key aspect that often gets overlooked in the...

Individual Retirement Accounts (IRAs) are popular vehicles for saving for retirement, offering various tax advantages and investment...

In the intricate world of business finance, bookkeeping stands as a cornerstone process. It involves meticulously recording and...

Tax season can be a stressful time for many individuals and businesses. When it comes to filing your taxes, you have a choice: do it...

In the ever-evolving world of finance, cryptocurrency has emerged as a groundbreaking and transformative technology. Beyond its potential...

The loss of a parent is an emotional and trying time, and inheriting their house can bring about both fond memories and new...

When it comes to establishing a legal structure for your small business, the Limited Liability Company (LLC) is often presented as the...

Selling your primary home is a significant financial decision that can bring both excitement and a range of tax consequences. It's...

Raising children comes with a multitude of responsibilities, including the significant cost of child care. Fortunately, the tax code...

Receiving a letter from the IRS can be an unsettling experience for any taxpayer. One such notice that individuals and businesses may...