News

Strong Recordkeeping: Protecting Your Business and Tax Deductions

Running a business successfully isn’t just about offering quality products or services. What happens behind the scenes often makes the difference — and strong financial recordkeeping is one of the most important pieces. Accurate records support your company’s financial health, ensure compliance with tax laws, and can generate meaningful tax savings. A recent Tax Court…
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IRS Paper Checks Being Phased Out: What Taxpayers Need to Know

On March 25, 2025, an executive order was issued directing the U.S. Department of the Treasury and federal agencies, including the IRS, to eliminate the use of paper checks for payments to and from the federal government. The stated goal is to modernize federal payment systems, reduce fraud, and improve processing efficiency by moving to…
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2025 Tax Planning Guide

At Dent Moses, we are committed to keeping you informed of the latest tax-saving strategies by sharing our 2025 Tax Planning Guide. The guide highlights some key considerations, but keep in mind that this resource is intended to provide broad suggestions only. There is no substitute for the guidance of an advisor who understands your…
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Federal Government Phasing Out Paper Checks

Earlier this year, President Donald Trump signed an executive order requiring all federal agencies to stop issuing and accepting paper checks by September 30, 2025.  This applies to both disbursements (tax refunds, Social Security, vendor payments) and receipts (1040 tax payments, quarterly estimates, payroll tax deposits, fees, and fines). Income Tax Refunds IRS has long…
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Bonus Depreciation & Section 179 Expensing under the OBBB

The “One Big Beautiful Bill” (OBBB) significantly enhances both bonus depreciation and Section 179 expensing, giving businesses powerful tools to recover capital costs more quickly and improve cash flow. Bonus Depreciation Bonus depreciation is permanently restored to 100% for qualified property for 2025. Businesses can fully deduct the cost of most new and used tangible…
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The True Cost of an Employee: Salary Plus Benefits

When evaluating the financial impact of employees, it’s important to look beyond just the base salary. The true cost of an employee includes a range of additional expenses such as payroll taxes, insurance, retirement contributions, and other fringe benefits. These extra costs can increase total compensation by 20% or more, depending on the size of…
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Executive Order Issued to Eliminate Paper Checks for Federal Payments

On March 25th, President Trump signed an executive order mandating that the federal government cease issuing paper checks in favor of electronic payments. Despite growing momentum toward digitizing all federal disbursements, the federal government currently still accepts paper checks for certain payments—including estimated tax payments—beyond the September 30, 2025, deadline. Taxpayers can continue mailing checks…
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Key Provisions of the One Big Beautiful Bill Act

The One Big Beautiful Bill Act (formally termed “The Act”), signed into law on Friday, July 4, by President Donald Trump, extends key provisions of the Tax Cuts and Jobs Act (TCJA) and addresses several tax priorities of the Trump administration. The bill cleared the House on Thursday, July 3, by a narrow 218–214 margin,…
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IRS Employees Not Filing Returns and Paying Taxes

The integrity of the Internal Revenue Service (IRS) is fundamental to maintaining public trust in the U.S. tax system. However, recent findings have raised concerns about tax compliance among IRS employees and contractors. As of 2023, reports indicated that over 5,800 IRS workers and contractors were delinquent in their tax obligations, collectively owing nearly $46…
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