In case you missed it, we recently hosted a webinar, Unpacking the New Tax Code: What Every Business Should Know. This session highlighted the most significant updates in the tax code and how they may impact businesses of all sizes.

Our presenters walked through key changes, including business deductions, credits, compliance considerations, and strategic planning opportunities to help organizations navigate the new rules with confidence.

If you weren’t able to join us live, you can now watch the full recording anytime.

👉 Watch the Webinar Recording Here

As always, while this webinar covers important updates, every business is unique. We encourage you to connect with your CPA or tax advisor to understand how these changes affect your specific situation.

The One Big Beautiful Bill Act (OBBBA) makes sweeping changes to individual taxes. Key highlights include permanent lower tax rates, a higher standard deduction, and an increased Child Tax Credit. Seniors benefit from a new $6,000 deduction, while families gain flexibility through expanded 529 plans and the new Trump Accounts for children. Other provisions, like temporary deductions for tips and overtime, changes to the SALT cap, and updated rules for estate taxes, will affect households differently depending on income and circumstances.

Since these provisions touch so many areas, from families with young children to retirees, it’s important to understand how they apply to your situation. If you need help navigating the new rules, be sure to reach out to your CPA or Tax Advisor.

Click the image below for a downloadable PDF of all the key individual tax provisions:

Did you know that every year we put together a helpful summary of key changes that may impact your tax position in comparison to the prior tax year? Check out our table below highlighting the key tax changes in 2024 and how they compare to tax year 2023. Whether it’s adjustments to deductions, retirement planning considerations, or even the new mileage rate, it’s important to stay informed! That’s why we call it ‘Important Facts & Figures.’

Click the image below to view or download a PDF of our ‘Important Facts & Figures’ table!

Dear Tax Return Clients,

This is a reminder about our upcoming March 15th deadline for receiving your tax documents in order to have your return completed by April 15th!

Receiving tax documents shortly before the April 15^th deadline places a tremendous strain on our team during an already busy season. Because we are committed to the health and wellbeing of our team members, we ask that you understand that if all requested tax documentation is not received by Saturday, March 15^th, we may need to file an extension and complete your return after April 15^th. If this occurs, we will provide you with an estimated payment voucher to remit payment by April 15^th, as necessary.

If you need help submitting your documents, check out our previous posts with all the important information regarding our process for completing your 2024 tax return, including how to access and use SafeSend, our secure exchange portal. As always, you can call or stop by your local H&S office and we will be happy to collect your hard copies or assist you with the uploading process.

Click below to view a graphic describing our timelines for 2025:

In an effort to streamline our process, make things more efficient for our clients and our team members, and most importantly, keep our clients’ data safe, H&S has invested in SafeSend for document uploading. SafeSend is a secure exchange portal that can be found right here on our website under Client Tools! – Click here to access the exchange site.

We understand that there can be a lot of questions around new processes and technology, which is why we have created a page dedicated to SafeSend Information and Frequently Asked Questions, also listed under the Client Tools dropdown – Click here to learn more!

As always, if you still have concerns, please reach out to us.

Happy Uploading!