228 Park Ave S. #94676, New York, NY 10003-1502

(212) 381-3111

Track Your Refund

Pay My Invoice
Client Portal

Author: Damon Delcoro

Accountant Near Me

Are You Up to Speed on the Auto Loan Interest Deduction?

The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax deduction for auto loan interest. On January 2, 2026, the IRS published in the Federal…
Continue Reading
Accounting News

Deducting Personal Theft Losses Will Soon Get a Little Easier

If you’re unlucky enough to suffer a personal theft loss, you may be entitled to a federal income tax deduction. Or you may not. The rules are complex, but there’s some good news: Last year’s…
Continue Reading
Accounting News

Are You Ready for the New Roth Catch-Up Contribution Rules?

Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in…
Continue Reading
Accounting News

Guidance on calculating tips and overtime deductions for 2025

The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have…
Continue Reading
Accounting News

Strategies for Saving: Year-End Tax Planning for Individuals

Year end is here, but there’s still time for individual taxpayers to make moves to lower their 2025 tax bills. The One Big Beautiful Bill Act (OBBBA), which became law in July, provides some welcome…
Continue Reading
Accounting News

6 Year-End Small Business Tax Saving Tips

There’s still time for small businesses and their owners to implement strategies to save taxes for 2025. Traditional strategies continue to be valuable, but the One Big Beautiful Bill Act (OBBBA) includes several changes that…
Continue Reading
Accounting News

Year-end tax planning strategies for Business

Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the…
Continue Reading
Accountant Near Me

QCDs Can Be a Tax-Savvy Move for Seniors

For some time now, individuals age 70½ and older have been able to transfer funds directly from a traditional IRA to an IRS-approved charity. However, with the enactment of the One Big Beautiful Bill Act…
Continue Reading
Accounting News

Recent Tax Law Changes: 10 Provisions Employers Need to Know

The One Big Beautiful Bill Act (OBBBA) includes a number of tax law changes that affect employers. Here are 10 key provisions employers need to understand to ensure compliance with their federal tax and reporting…
Continue Reading
4 year-end planning steps to trim your 2025 taxes
Accountant Near Me

4 year-end planning steps to trim your 2025 taxes

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly…
Continue Reading

Newsletter Signup

Click here

There is a brief form at the bottom of the newsletter page where you can submit your email address to receive the latest accounting news as it breaks.

Services

Quick Links

Contact

Google

© All rights reserved, Romano & Associates