Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
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
As we move through 2025, it’s more important than ever to stay proactive with your tax planning. A number of key tax credits, deductions, and lower rates are scheduled to expire at the end of the year, and if Congress does not act, many taxpayers … [Read more...] about Prepare Now for Tax Changes Ahead
Why Good Recordkeeping Is a Business Owner’s Best Friend As a business owner, you're juggling a lot—clients, inventory, payroll, growth goals. But one of the most valuable habits you can build (and one of the easiest to overlook) is consistent … [Read more...] about Don’t Forget to Save Those Receipts
Key Strategies for Business Owners Many tax provisions introduced under the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. These changes could have significant financial implications for business owners. Now is the time to … [Read more...] about Prepare for Higher Business Taxes
Business owners often grapple with the decision of whether to manage payroll in-house or outsource it to a professional service. While some companies may need in-house payroll due to specific complexities, many small businesses stand to gain … [Read more...] about Outsourcing Payroll
Tax Scams to Watch in 2025 Each year, the IRS releases a list of the most common and dangerous tax scams. These schemes target individuals, business owners, and tax professionals alike, often aiming to steal personal information or trick taxpayers … [Read more...] about Tax Scam Survival Guide
What It Means for WNY Business Owners Helping Western New York Entrepreneurs Keep More of What They Earn If you own a small business in Western New York—whether it’s a sole proprietorship, partnership, LLC, or S corporation—there’s great news … [Read more...] about Qualified Business Income (QBI) Deduction Now Permanent
Why Taking the First Step Matters for Your Business and Your Future When someone asks what we do at Gleason Tax Advisory, the real answer is more than taxes. It’s more than payroll. It’s more than business strategy or life insurance planning. What … [Read more...] about Planting the Seeds of Financial Confidence
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
How Long Should You Keep Your Documents? Good recordkeeping not only helps you stay organized—it can also reduce your tax burden and make your financial life much easier. The length of time you should keep records depends on both judgment and … [Read more...] about Individual Record Retention
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
