The U.S. government is now spending more on interest payments than it does on national defense—over $1.1 trillion in 2025 alone. As the debt grows and tax policies shift, everyday Americans could face higher taxes, fewer public services, and a slower economy.

In this article, we break down what’s happening, why it matters, and how smart planning with a CPA can help you stay ahead.

If you're a U.S. citizen living abroad, the IRS says your 2024 tax return is due by June 16, 2025. Even though you have extra time, don’t delay. File your return, pay any taxes you owe, and stay on the IRS’s good side. Need help? Reach out—we’re here for you.

The move to electronic payments is a big step forward. It means faster refunds, safer Social Security checks, and fewer lost or stolen payments.

While this change might take some getting used to, it’s designed to help millions of people. It saves money, helps the environment, and keeps your money safer.

If you haven’t made the switch to electronic payments yet—don’t wait. The deadline is September 30, 2025. Start preparing today, and you’ll be ready for a smoother, smarter future.

Saving money can be hard. But the new MAGA and USA Accounts might make it easier for many families across the U.S. With tax-free growth, flexible spending, and even a $1,000 bonus for babies, these accounts could help millions of people build a stronger financial future.

Want to stay updated? Follow the news and talk to a tax expert or financial advisor. They can help you understand how to prepare if these accounts become available.

President Trump’s new tax bill has some big ideas. It wants to help workers and families pay less in taxes. That sounds great, but there are also big risks.

Adding trillions to the national debt could hurt the economy down the road. It might also mean cuts to important programs like Medicare and Social Security.

As lawmakers debate the bill, it’s important to pay attention. This bill could shape how America collects and spends money for years to come.

The fight over the 2017 tax cuts is heating up. Some people want to keep the cuts going forever. Others say it would cost too much and add to the national debt.

No matter what side you're on, one thing is clear: this decision will have a big impact on your wallet, your community, and the country’s future. So it’s important to understand what’s happening and pay attention to the news.

We’ll keep you updated as Congress decides what to do. In the meantime, talk to your family, plan ahead, and make your voice heard.

Trump’s “One Big Beautiful Bill” is a big deal. It could change how much you pay in taxes, how much money the government spends, and what programs get funded. Some people love it. Others are worried. No matter how you feel, it’s important to stay informed.

We will keep watching this story and bring you updates as it moves through Congress. Remember, your voice matters!

Missouri’s move to eliminate taxes on stock sale profits could create new opportunities for investors and businesses. At Elite Consulting, P.C., our CPAs help clients navigate these changes with personalized tax strategies, investment planning, and multi-state compliance support. Whether you're an individual investor or a growing business, we’ll help you make the most of evolving tax laws.

The IRS has released its 2025 inflation adjustments, including new tax brackets, higher standard deductions, and increased contribution limits—but what do these changes really mean for your wallet? In this guide, we break it down in simple terms and explain why hiring a CPA is your smartest move this tax season. From uncovering hidden deductions to helping you plan ahead, a trusted CPA can turn tax rules into real savings. Learn how Elite Consulting, P.C. helps clients take full advantage of these updates with expert advice and stress-free tax planning.

2025 is shaping up to be a great year for taxpayers. Bigger refunds and faster payments mean more money when you need it. Just make sure you file early, check your return carefully, and use direct deposit.

And remember—Elite Consulting PC is here to help you every step of the way. Whether it’s finding extra savings or making sure you don’t miss deadlines, they make tax time easier (and more rewarding) for you.

The IRS Direct File program helped thousands of taxpayers file for free and save an average of $160, but its future is now uncertain. As debate grows in Washington, many Americans are left wondering how they’ll manage taxes moving forward. This highlights the continued value of working with a trusted CPA—someone who can provide expert advice, find hidden savings, and ensure compliance with changing tax laws. Even as digital tools rise, personalized tax planning from a professional remains one of the best ways to keep more of your hard-earned money.

Whether you used Direct File or not, now is the perfect time to talk to a CPA. Don't wait until next April to start planning. Start now—and see how much smarter your tax life can be.

President Trump’s new 10% import tariff is making waves—and prices—go up. From shopping on Temu to everyday goods, American families are feeling the impact. Find out what’s happening, why it matters, and how to shop smart in 2025.

A new Gallup poll shows that fewer Americans believe the tax system is fair, with public trust hitting near record lows in 2025. Discover what’s driving this sentiment and how it could impact you.

Congress is currently deciding whether to extend President Trump's 2017 tax cuts, a decision that could greatly impact your family's budget and future plans. Understand what these tax changes might mean for your finances, job opportunities, the health of the economy, and the growing national debt. Stay informed and prepared!

The United States has pulled out of the global minimum corporate tax agreement, raising concerns about the future of international tax reform. This blog breaks down what the deal was, why the U.S. withdrawal matters, and how it could affect businesses, governments, and everyday people around the world — all explained in simple, easy-to-understand language.

The IRS has extended tax deadlines for individuals and businesses impacted by wildfires and storms across California, Alabama, Florida, and more. Learn who qualifies, the new 2025 deadlines, and what steps to take if you're in a federally declared disaster area.

Missing the IRS tax deadline or forgetting to pay what you owe might feel scary—but you're not alone, and it's not the end of the world. Whether you filed late, forgot to pay, or didn’t know the due date, there are steps you can take to fix it. In this post, we break down what really happens when you miss the deadline, what penalties and interest might apply, and the options the IRS offers to help you catch up. From payment plans to filing tips, we’ll make it simple so you can get back on track—without the stress.

Congressional Republicans are proposing a cap on corporate tax deductions for state and local taxes (C-SALT), sparking concern among business owners. While this move aims to raise revenue, many see it as a hidden tax increase. Learn how a tax professional can help your business stay informed, plan wisely, and fight for fairness in an ever-changing tax landscape.

Maryland is facing a tough money problem, but the new budget plan is trying to fix it. The state will raise some taxes and cut some spending to balance the budget. Most people won’t see big tax changes, but some services might be affected.

We’ll keep watching this story and bring you updates as things happen. In the meantime, it’s a good idea to stay informed and ask questions if you’re unsure how this may impact you.

Need Help Understanding the New Tax Rules?
Whether you’re a business owner or just curious about how these changes could affect your wallet, we’re here to help. Contact our team today to schedule a quick tax check-up or budget planning session.

On December 4, 2024, President-elect Donald Trump nominated former Congressman Billy Long as the next IRS Commissioner. Known for his past efforts to abolish the IRS, Long’s nomination has sparked debate. Business owners are wondering what this could mean for taxes, audits, and possible IRS reforms. Will tax policies become simpler, or will uncertainty make financial planning harder? Read on to learn how this decision might impact your business.