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The start of 2025 brings significant changes to minimum wage laws across the United States, with more than 20 states implementing new increases. These adjustments vary from state to state,...

Owning a home offers more than just pride and stability; it comes with significant financial perks, especially during tax season. Navigating these benefits doesn't have to be overwhelming and...

When facing tax-related issues, many people find themselves confused about whether to reach out to the IRS directly or to seek the expertise of an accountant. Both entities play crucial roles, but...

Navigating the New Retirement Required Minimum Distribution RulesStaying informed on retirement regulations is essential for successful financial planning. With the finalized IRS regulations...

Getting ready for tax season may not be on the top of your list, but planning ahead can save you a lot of stress. Here are four practical steps you can take now to make next year’s tax filing much...

Closing out the year can be a challenging experience for business owners. The good news is that you can avoid some of this stress and potentially save money by following these 10 steps before year...

As students head off to college this month, it's essential to understand the valuable education tax credits and deductions available to help manage the financial burden. At Thomas P Gogarty Jr CPA,...

Tax audits can be a daunting prospect, but understanding the process can help alleviate concerns. At Thomas P Gogarty Jr CPA, we want to provide you with a clear overview of what happens during a...

At Thomas P. Gogarty Jr. CPA, we understand that effective tax planning and management is a year-round endeavor. Here are some essential strategies that can help you enhance tax efficiency and keep...

As we look ahead to 2026, it's crucial to grasp the forthcoming alterations to the estate tax exemption under the sunset provisions of the Tax Cuts and Jobs Act (TCJA). While it might seem distant,...

As tax season rolls around, it's an opportune moment for commercial real estate investors to reassess their strategies and ensure they're making the most of their investments. At Thomas P Gogarty...

In an ever-changing regulatory environment, it’s crucial for businesses to stay ahead of new requirements that could impact their operations. Starting in 2024, a significant regulatory update in...

Thomas P Gogarty Jr CPA delves into the critical topic of casualty losses caused by federal disasters. This blog post aims to inform those affected by disasters, or residing in disaster zones,...

The IRS has recently announced substantial revisions to the Form 1099-K reporting requirements that directly impact many taxpayers and tax professionals. As your trusted advisors, we are dedicated...

Navigating today’s volatile market requires a strategic approach to investment. Amidst the fluctuations, there’s an often-overlooked gem: tax-loss harvesting. This strategy can turn investment...

Starting a new business is an exciting venture filled with potential and promise. However, it's essential to understand the financial intricacies that come with launching a company, particularly...

Taxes are an inevitable part of our financial lives, but that doesn't mean you have to pay more than your fair share. With proper financial planning, you can reduce your tax bill and keep more of...

Education is a powerful tool that can open doors to a brighter future, but it often comes with a hefty price tag. Fortunately, the U.S. tax code offers a range of incentives to help alleviate the...