Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Beginning in 2025, a new federal children’s investment account was created to help families build long-term savings for their kids. For children born between January 1, 2025 and December 31, 2028, the federal government will provide a one-time … [Read more...] about Federal Investment Account for Newborns Includes $1,000 Government Contribution
Every taxpayer can reduce taxable income by claiming either the standard deduction or itemizing deductions—but knowing which approach works best depends on your financial situation. The standard deduction offers a flat reduction based on your … [Read more...] about Choosing Between Standard and Itemized
As the year draws to a close, it’s the perfect time to review your finances and take advantage of opportunities that could positively impact your 2025 tax return. Here are fifteen tax-saving ideas worth considering before December 31st: 🧾 Income, … [Read more...] about Year-End Tax Planning Tips from Gleason Tax Advisory
Tax season may feel far off, but now is the time to start planning ahead, especially with recent news from the IRS. Budget reductions and staff cuts are expected to impact taxpayer services in the upcoming 2025 filing season, and the ripple effects … [Read more...] about Prepare Early—IRS Staff Cuts Could Mean Delays for 2025 Returns
Major tax changes are here for 2025—and they could significantly impact your business strategy, expenses, and reporting requirements. The latest federal tax law introduces permanent deductions, larger write-offs, and streamlined compliance. Here's … [Read more...] about 2025 Tax Law Changes Every Business Owner Should Know
A sweeping new federal tax law—enacted July 4, 2025—brings major updates to the tax code, especially for individuals and families. Here’s a breakdown of the biggest changes and how they might affect your personal tax situation. 💵 Tip Income … [Read more...] about What You Need to Know About the 2025 Tax Law Changes
