by Andrews Tax Accounting & Bookkeeping | Dec 26, 2025 | Educational
Pets As Dependents? New Lawsuit Against IRS Says Yes Pets as dependents? According to a recent survey, more than 97 percent of pet owners in America think of their pets as family. The Internal Revenue Service, on the other hand, doesn’t. But as reported in Forbes...
by Andrews Tax Accounting & Bookkeeping | Dec 18, 2025 | Educational
No Tax on Tips Benefits Many Who Receive Gratuities No tax on tips is part of the new tax laws for those filing in 2026 for tax year 2025. Not every profession that earns tips will get the tax break. But those who do won’t have to pay income tax on the first $25,000...
by Andrews Tax Accounting & Bookkeeping | Dec 5, 2025 | Educational
Trump Accounts for Children Offer a Headstart for Retirement Trump Accounts for children are a new type of retirement account created under the One Big Beautiful Bill Act (OBBBA). This week the IRS released some information about the accounts that will start accepting...
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