by Jeanine Hemingway CPA | Jul 23, 2025 | Big Beautiful Bill, Business, Tax Planning
How This New Act Will Impact Your Wallet, Your Business, and Your Family The One Big Beautiful Bill (OB3) Act has officially passed, and it’s already sending ripples through households and boardrooms. Whether you’re a local café owner, a freelance designer, or a... 
by Jeanine Hemingway CPA | Apr 30, 2025 | Uncategorized
The IRS entered the year with approximately 100,000 employees. Like other federal agencies, the IRS has seen mass firings, voluntary resignations, and changing key leadership positions. Reports show the IRS will have to cut nearly 6,700 employees—roughly 40% of its... 
by Jeanine Hemingway CPA | Feb 7, 2025 | Business, Tax Blog, Tax Planning
As you enter your 40s and 50s, retirement no longer feels like a distant dream—it’s coming into focus. The good news is that you still have ample time to enhance your savings and secure your financial future for the retirement you want and ultimately deserve.... 
by Jeanine Hemingway CPA | Dec 9, 2024 | Tax Blog, Tax Planning
If you’re using Venmo for business transactions, it’s time to pay close attention to the upcoming changes in the 1099-K reporting threshold. For 2024, the threshold is set at $5,000. However, starting in 2025, this threshold will drop dramatically to just... 
by Jeanine Hemingway CPA | Oct 8, 2024 | Charitable giving, Retirement planning tax advantages, Tax Planning
Looking back at your 2023 income tax return, you might be considering what you could have done differently to lower your tax liability. As we approach the end of 2024, now is the ideal time to ensure you’re taking full advantage of tax-saving strategies like...