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Starting in 2025, eligible employees can deduct up to $25,000 in reported cash tips on their tax return, while employers face new IRS tip tracking rules. Learn who qualifies for the tip deduction, how to report tips correctly, and what businesses must do to stay compliant in 2025 and beyond.

Preparing your 2025 tax return doesn’t have to be stressful. Learn how Peters Tax Preparation & Consulting uses a clear, secure, and organized process—including our Tax Organizer and ShareFile uploads—to prepare accurate, IRS-compliant tax returns while minimizing delays and maximizing peace of mind.

Alaruna Accounting and Peters Tax Preparation & Consulting have formed a strategic partnership to deliver integrated bookkeeping, accounting, and tax services for small and mid-sized businesses. This collaboration provides a seamless, end-to-end financial services experience designed to improve clarity, efficiency, and strategic insight.

The IRS has officially ended its Direct File program for the 2026 tax season, leaving many taxpayers—especially small business owners, entrepreneurs, and young families—looking for reliable filing options. Without this free tool, expert guidance matters more than ever. David Peters Tax helps you plan early, stay organized, and maximize deductions so your upcoming tax season is smooth and stress-free.

The October 2025 government shutdown disrupted pay, benefits, and contracts, impacting many taxpayers. For Tax Season 2026, early preparation is critical. Gather W-2s, 1099s, and shutdown-related pay records now, track furloughs or delayed income, and plan for possible IRS delays. Consulting a tax professional can ensure accurate filings and reduce stress. Stay organized to navigate the 2026 tax season smoothly.

The scariest part of Halloween shouldn’t be your tax bill. As 2025 comes to a close, smart year-end tax planning can help you avoid financial nightmares and keep the IRS from haunting your spring. From reviewing your withholding to maximizing retirement contributions, harvesting tax losses, and planning charitable gifts, these year-end tax tips will help small businesses and families save money and start 2026 with confidence.

Marking 20 years since Hurricane Katrina, preparing for a disaster is more than safety—it’s protecting your family and taxes. Secure tax records, digitize documents, track assets, and understand IRS disaster relief to minimize stress. At Peters Tax Preparation & Consulting, we help families create disaster-ready tax plans, ensuring financial protection, access to refunds, and peace of mind when storms, floods, or fires strike.

If you or your child is returning to school this fall, there are several education-related tax credits and strategies that could help you save significantly on your taxes.

The One Big Beautiful Bill (H.R. 1), passed in July 2025, introduces major tax changes—from a higher SALT cap to new small business deductions. Peters Tax Preparation & Consulting breaks down what it means for individual filers and business owners, and how to adjust your tax strategy for maximum savings and compliance.