The 2025 "One Big Beautiful Tax Bill" introduces a series of taxpayer-friendly reforms aimed at reducing the burden on working Americans and small businesses. The bill will head back to the House to reconcile differences so it can be on Trump's desk for signature into law by July 4. Here’s...

When it comes to running a business, choosing the right accounting method isn’t just about compliance—it can also have a significant impact on your tax liability and cash flow.

The two primary methods of accounting for tax purposes are the cash method and the accrual method. Each has its pros and con...