Running a small business comes with many challenges, and one of the biggest is managing taxes. The 199A deduction, also known as the pass-through deduction, offers a valuable tax break for many small business owners. Yet, the rules can seem complicated and confusing. This post breaks down the 199A deduction into simple terms, explains recent improvements, and shows how you can benefit from it. What Is the Pass-Through Deduction? The pass-through deduction applies to businesse

How LLCs, Partnerships, Sole Proprietors & Schedule C Filers Can Benefit — and Why Having a Trusted Accountant Matters If you’re a small-business owner — whether you operate as a sole proprietor, a partnership, or an LLC taxed as a pass-through entity — 2025 brings some significant tax-planning opportunities. At Services by Valeria, we specialise in concierge accounting services for small businesses (especially in construction), so you can focus on what you do best — and we t

Under the One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, several changes benefit taxpayers who expect refunds due to having qualified dependents. The most impactful updates for 2025 are to the Child Tax Credit and the Adoption Credit, including expanded refundability and clarifications that can increase cash refunds for eligible families. Key dependent eligibility rules remain in place and must be met to claim these benefits. Child Tax Credit (CTC) updates for 2025

💡 1. Use Real-Time Cash Flow Tracking Tools What it is: Adopt accounting software or apps that sync directly with your bank accounts — like QuickBooks Online, Xero, or Wave  — to automatically update your cash position every day. Why it helps: Gives you a live view  of what’s coming in and going out. Helps spot dips before they happen so you can plan ahead (like delaying a purchase or collecting a payment sooner). Creates automatic reports that show trends over time. Pro Tip

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At Services by Valeria , we proudly stand with the brave men and women who have served our country. This Veterans Day, and every day, we honor the courage, sacrifice, and unwavering commitment of those who have defended our freedoms. Your dedication inspires us. We understand that life after service can bring new challenges — from adjusting to civilian life to managing personal finances. That’s why we want to show our gratitude in a meaningful way. 🎖️ Year-Round 15% Discount

When Should my company report beneficial ownership information? On January 1, 2024, FinCEN launched the BOI E-Filing website to report...

Taxpayers hate paying IRS penalties. Unfortunately, most taxpayers who are fined by the IRS do not request relief or are denied relief...

Muchas empresas que se han visto gravemente afectadas por el coronavirus (COVID-19) calificarán para dos nuevos créditos fiscales para...

Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for...

Paso 1: Decidir sobre una estructura empresarial Hay 3 opciones básicas: un DBA, una corporación o una LLC. Un DBA o "Doing Business As"...

Step 1: Decide on a Business Structure There are 3 basic options: a DBA, a Corporation, or an LLC. A DBA or “Doing Business As” (also...

Como seguimiento de nuestro correo electrónico de ayer (15/04), es importante recordar que la gran mayoría de los contribuyentes,...

As a follow up to our email from yesterday (4/15), it is important to remember that the vast majority of taxpayers, including bank...

A partir de esta semana, el gobierno federal ha comenzado el proceso de liberar pagos de impacto económico (EIP) a los contribuyentes a...

As of this week, the Federal government has begun the process of releasing Economic Impact Payments (EIP) to taxpayers via the...

Renueve su Ahora es el momento de actuar si tiene un Número de identificación de contribuyente individual (ITIN) que vence en 2019; ¡debe...

• Para aprovechar las deducciones, deberá probar las tarifas y costos asociados. En otras palabras, GUARDE SUS RECIBOS - TODOS ELLOS ......

**IMPORTANT** ATTENTION • To take advantage of deductions, you must provide of the associated fees and costs. In other words, KEEP YOUR...