As the year comes to a close, we want to take a moment to wish you and your loved ones Happy Holidays and a Happy New Year. The end of the year is often a time of reflection—looking back on what we’ve accomplished, the challenges we’ve navigated, and the goals we’re setting for the year ahead. We are incredibly grateful for the trust you’ve placed in us this year, whether it was for tax compliance, planning, or simply answering questions when things felt uncertain. With the h

Big news for taxpayers: Congress passed a sweeping tax package making major changes for individuals, families, and small businesses. If...

How Self-Employed Taxpayers Can Stay Ahead of the IRS

Recovering from the devastating California wildfires can be overwhelming, especially when financial hardship adds to the burden. Beyond...

On December 23, 2024, the Fifth Circuit lifted the injunction that had temporarily paused the BOI reporting requirements under CTA.

Taxpayers face a looming deadline for several key tax benefits enacted under the Tax Cuts and Jobs Act (TCJA).

It is now a great time to think about how you can minimize your tax bill.

Before you start celebrating, it’s essential to know how your bonus is taxed and what steps you can take to maximize what you actually keep.

Your tax filing status determines key aspects of your return.

Now is an ideal time to assess your retirement contributions and ensure you’re making the most of any tax-saving opportunities.

High-net-worth individuals can benefit significantly from strategic year-end tax moves, but each of these techniques carries specific risks.

Navigating U.S. tax obligations while living abroad can be challenging, but taking proactive steps now can lead to significant tax savings.

As 2024 approaches its end, small business owners should take strategic steps to optimize their tax position, enhance cash flow, and plan...

As 2024 draws to a close, now is the time to take proactive steps to optimize your tax situation. The right planning can help minimize...

At MKHS Tax Group, we’re committed to making the complex world of taxation more understandable, approachable, and beneficial for our...