tax tips Archives - Mize CPAs Inc.

5 Reasons why people choose C corporations

Feb 26, 2025
Tax

Curious whether a C corporation could be the right fit for your business? In just a few minutes, you’ll learn five key reasons founders choose the C corporation structure. Find out how these benefits could shape your company’s future.

Mitigating liability as a 401(k) plan sponsor: your role as a fiduciary

Feb 5, 2025
Retirement planning, Tax

Offering a 401(k) plan to your employees is not just a perk—it's a significant fiduciary responsibility under ERISA that requires careful oversight and compliance to shield both the plan and its participants. Discover the core duties and common pitfalls that come with managing a 401(k) plan, and learn best practices for mitigating liability while securing your team's financial future. Stay informed on regulatory changes and proactive measures to protect your organization in this detailed guide.

The standard business mileage rate has increased for 2025

Feb 5, 2025
Tax

Important news for businesses that rely on travel: the standard business mileage rate for 2025 has increased. Discover how this change affects your business’s bottom line in our recent article.

Avoid underpayment penalties: make a payment by January 15th

Jan 2, 2025
Tax

Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.

Key IRS Update: New 1099-K Thresholds Set Through 2026

Dec 16, 2024
Best practices for small businesses, Tax

Significant changes to the IRS's 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. Starting in 2024, more of your transactions could be reported to the IRS, potentially impacting your tax obligations. Find out what these updates mean for you and how to navigate the new requirements.

End-of-year tax strategies for individuals

Dec 3, 2024
Tax

As the year-end approaches, it's time to for strategic tax planning. From assessing your current tax situation and understanding deductions to maximizing retirement contributions and managing investment gains, this guide offers valuable insights to help minimize your tax burden.

Smart year-end tax moves for businesses

Nov 20, 2024
Tax

As year-end approaches, small business owners face crucial tax planning decisions that can impact their financial health. From leveraging deductions and managing cash flow to understanding the intricacies of the QBI deduction, this article offers strategic insights to optimize your tax position before ringing in the new year.

Introducing The Mize Breakroom Podcast

Oct 21, 2024
Firm News

In today’s fast-paced business environment, staying informed can be challenging. That’s why we’ve created The Mize Breakroom—to provide valuable insights and practical advice in a way that’s easy to consume on the go. Hosted by our very own Director of…

Keep Your Finances from Becoming a Nightmare

Oct 21, 2024
Payroll, Tax

While goblins, ghosts, and ghouls can be fun, haunting financial practices are anything but! Here are some best practices to keep your accounting from becoming a horror story. Avoid the Ghosts of Transactions Past: Reconcile Regularly Much like how ghosts…

Maximizing real estate returns with cost segregation

Aug 14, 2024
Tax

Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.