The U.S. has ended its $800 de minimis exemption, a rule that once allowed duty-free imports on small packages. This change means higher costs for online shoppers, new challenges for small businesses, and big shifts in global trade. Here’s what you need to know.

In 2025, U.S. businesses are facing a record 408 sales tax changes. With digital goods and local rates shifting fast, learn how to keep your business compliant and audit-free.

Are you a high-earning business owner looking for a smarter way to save on taxes and build your retirement fast? A Cash Balance Plan could be the solution. This powerful retirement strategy lets you contribute far more than a 401(k)—sometimes up to $300,000 a year—while lowering your taxable income and keeping more of your money.

But to get the most out of it, you’ll need the help of a CPA. With the right guidance, you can structure your plan correctly, stay IRS-compliant, and maximize every tax-saving opportunity in 2025. In this post, we’ll show you exactly how a Cash Balance Plan works—and how much you can save with a CPA by your side.

The government may soon lower taxes for many U.S. businesses. If you make goods in the U.S., you could pay just 15%. Other companies could pay 20%.
This could mean thousands of dollars in savings for your business every year.

But to get those savings, you need to plan ahead.
Our tax experts can help you understand how the law affects your business—and how to get ready. Don’t miss this chance to save.

Contact us today for a free consultation. Let’s make sure your business is ready for what’s next.

Waiting on your IRS refund in June 2025? The IRS is sending payments now, with most direct deposit refunds arriving by June 4 and paper checks by June 11. Learn the exact refund schedule, how to track your refund, and what to do if it’s delayed—plus tips to get your money faster next year!

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 EU is placing new tariffs on U.S. goods like metal, motorcycles, and orange juice. But what does that mean for your business taxes? This easy-to-understand guide breaks down how tariffs may impact your profits, deductions, and tax planning in 2025.

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!

Filing taxes is something every American has to do, but that doesn’t mean it should be stressful. Most people want a simpler tax system, and for good reason. The current process is confusing, time-consuming, and frustrating for millions.

While change may take time, understanding the problem is the first step. By pushing for a fairer, simpler system, we can make tax season easier for everyone.

Until then, stay organized, use the right tools, and don’t be afraid to ask for help!

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.

The Senate’s decision to repeal the Biden-era crypto tax rule is a major shift for business owners considering cryptocurrency investments. With fewer compliance burdens, investing in Bitcoin, Ethereum, and DeFi platforms may now be more attractive. But does this mean businesses are free from tax obligations? Not exactly. Elite Consulting PC can help you navigate tax rules, minimize risks, and make smart crypto investment decisions for your business.

A shocking IRS data leak has exposed the personal tax information of over 400,000 taxpayers, raising serious concerns about data security. When private tax details fall into the wrong hands, identity theft and fraud become real threats.

This breach is a reminder that no tax record is 100% safe—but there’s a smart way to protect yourself. A Certified Public Accountant (CPA) can help safeguard your financial data by securely filing your taxes, detecting fraud early, and handling IRS issues on your behalf. Unlike online tax software that stores your information in large databases vulnerable to hacks, a CPA keeps your tax records private and secure.

Want to learn how to keep your financial data safe? Read on to discover why working with a CPA is one of the best ways to protect your tax information.

President Trump’s new tax idea is interesting because it would let people keep all their money instead of paying income tax. But it also raises big questions about whether it would make life more expensive.

Some believe it could help the economy, while others worry it could hurt everyday people. No one knows for sure what will happen, but this debate will likely continue.

What do you think? Would you rather pay higher prices on products but keep all of your paycheck, or keep things the way they are?

Tax season is here, and the IRS is warning taxpayers to choose their tax preparers wisely. Filing with the wrong preparer could result in costly mistakes, IRS penalties, or even identity theft. But there’s a safer option—working with a Certified Public Accountant (CPA). CPAs ensure accurate tax filing, protect your personal information, and help you maximize your tax savings.

In this article, we’ll explore the dangers of unqualified tax preparers and why hiring a CPA is the best decision for your financial security.

At Elite Consulting PC, we understand the importance of staying compliant with tax laws, especially as the IRS increases efforts to recover unpaid taxes. With $1.3 billion recently collected from wealthy individuals who failed to meet their tax obligations, it’s clear that proper tax planning and compliance are more critical than ever. Our team specializes in helping individuals and businesses navigate complex tax regulations, ensuring accuracy in filings while identifying legal strategies to minimize liabilities.

We provide personalized tax planning, audit support, and financial consulting to keep our clients protected and financially secure. Whether you’re a business owner looking for strategic CFO guidance or an individual seeking expert tax preparation, Elite Consulting PC is here to help. Avoid costly mistakes, stay ahead of IRS regulations, and gain peace of mind knowing your finances are in expert hands. Contact us today to ensure you’re on the right track.

At Elite Consulting P.C., we help individuals and business owners maximize their tax savings—including deductions for health-related expenses! Did you know that certain medical costs, like prescriptions, doctor visits, and even everyday health products, can reduce your taxable income? Our expert tax advisors ensure you take full advantage of these benefits while staying IRS-compliant. Contact us today to learn how we can help you keep more of your hard-earned money! 🚀 #TaxSavings #EliteConsultingPC #HealthExpenseDeductions

Taxes don’t have to be stressful. By using these smart tax strategies before the filing deadline, you can lower your tax bill and keep more money in your pocket. Remember to check for deductions and credits, contribute to retirement accounts, and take advantage of tax-saving opportunities. If you’re unsure about any of these steps, consider talking to a tax professional who can help you maximize your savings.

Start planning today, and happy saving!

Large partnerships have used complex strategies to reduce their tax bills for years. But now, the government is taking action to make sure they pay their fair share. By increasing audits, closing loopholes, and requiring more transparency, officials hope to create a fairer tax system for everyone.

These changes could have a big impact on businesses, small companies, and everyday taxpayers. As the government continues to crack down, we’ll likely see more efforts to stop tax avoidance in the future.

Taxes are an important part of keeping our country running. When everyone pays their fair share, it helps create a stronger and fairer economy for all.

Disasters can turn your world upside down, but the right tax relief can help ease the financial burden. Understanding tax laws and making the most of the available benefits isn’t always easy. That’s why working with a CPA is one of the best decisions you can make. A CPA will ensure you take full advantage of tax relief options, get your refunds faster, and avoid costly mistakes.

If you’ve been affected by a disaster, don’t navigate the tax process alone. Contact a CPA today to get the expert guidance you need to maximize your tax benefits and get back on your feet.

Tax season is an important time, and choosing the right tax preparer can make a big difference. The IRS reminds taxpayers to be careful and do their research before trusting someone with their tax return.

By following the tips in this article, you can protect yourself from scams and mistakes. Always choose a tax preparer with the right credentials, check their reviews, and avoid anyone who seems dishonest.

If you need tax help, consider working with a CPA or EA to ensure your return is accurate and filed correctly. A good tax preparer will give you peace of mind and help you make the most of your tax refund.