Blog | BA Tax Pros

What's Your Business Exit Strategy?

Key Elements of Business Succession Planning. Ever since you became a business owner, you’ve focused on growing revenue, managing...

BA Tax Pros

Jun 32 min read

Smart Tax Planning Strategies for Individuals

Alright, listen up, folks! Tax planning is like the secret sauce for both individuals and businesses to score big savings, dodge those...

BA Tax Pros

Aug 16, 20242 min read

Changes to Income Tax Brackets for the 2023 Filing Year

While there are still 7 tax rates, the income ranges (tax brackets) for each rate have shifted slightly to account for inflation. For...

BA Tax Pros

Feb 9, 20241 min read

Unlocking the Home Office Deduction: Understanding Key Criteria

To benefit from a Home Office Deduction, specific criteria must be met, and a designated portion of your home must be utilized in one or...

BA Tax Pros

Jan 26, 20241 min read

New requirement for most businesses: Beneficial Ownership Reporting Under Corporate Transparency Act

Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners (i.e.,...

BA Tax Pros

Jan 10, 20243 min read

2023 Tax Planning: Standard vs. Itemized Deductions

There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction....

BA Tax Pros

Dec 4, 20232 min read

2023 Last-Minute Year-End General Business Income Tax Deductions

Here are six powerful business tax deduction strategies you can easily understand and implement before the end of 2023 1. Prepay...

BA Tax Pros

Nov 20, 20234 min read

Will you owe taxes this year? A little tax planning goes a long way!

The IRS urges taxpayers to promptly review their tax withholding to avoid surprises, whether in the form of significant refunds or...

BA Tax Pros

Nov 7, 20231 min read

2023 Tax Planning: Meals and Entertainment Expenses

Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost...

BA Tax Pros

Oct 11, 20232 min read

Section 1031 or 1033 Exchanges - What you need to know about basis

Section 1031 Exchanges and what you need to know.

BA Tax Pros

Sep 15, 20232 min read

The Stimulus Check and Your Taxes

Still Waiting on Stimulus Payments? You may claim the credit when you file your 2020 tax return! Here is what you need to know.

BA Tax Pros

Jan 28, 20211 min read

#BeCyberSmart

#BeCyberSmart Security threats constantly change and evolve. We take extra precautions here at DPFT to ensure that your information is...

BA Tax Pros

Oct 23, 20191 min read

Social Security Earnings Limit

Since income tax is not withheld on Social Security, you may need to pay estimated tax. Our office can help you.

BA Tax Pros

Jul 16, 20192 min read

Planning 2019: Educational Savings Plans

As a parent with young children, you are faced with many rewards and challenges, such as saving for a college education.

BA Tax Pros

Jul 16, 20193 min read

Recordkeeping for Individuals - Personal Residence Tips

You may be aware that most homeowners are able to exclude up to $250,000 of the gain realized on the sale of a principal residence.

BA Tax Pros

Jul 16, 20192 min read

Health Savings Accounts

A health savings account (HSA) provides a tax benefit for amounts that are contributed and used to pay qualified medical expenses.

BA Tax Pros

Jul 16, 20192 min read