The IRS has issued new 2025 guidance on the Employee Retention Credit (ERC), affecting late claims for Q3 & Q4 2021. Learn what businesses need to know about deadlines, appeal rights, and how to protect their ERC credits.

Bigger deductions, higher brackets, and a new bonus for seniors — the 2026 tax rules are built to help taxpayers save more and stress less.

The IRS has announced new tax bracket thresholds and a higher standard deduction for 2026, giving taxpayers more breathing room thanks to inflation adjustments. While tax rates remain the same, you’ll need to earn more before moving into a higher bracket. Learn how these changes could affect your tax bill, savings, and planning for the year ahead.

Oil and gas investing is more than chasing profits — it’s a tax-smart strategy that helps business owners cut taxes, build passive income, and diversify wealth. Learn how oil and gas can fuel your long-term financial plan.

Congress is racing to pass new funding measures, but uncertainty over tax extenders has businesses and high earners on edge. With key tax breaks set to expire, the decisions made in Washington this year could directly impact your bottom line. Here’s what you need to know to stay prepared.

The OBBBA tax cuts promise savings, but not everyone benefits equally. While top earners gain the most, middle-income families may see smaller relief or even higher costs. Here’s a breakdown of who really wins under the new tax law.

States like California, New Jersey, and Pennsylvania are pushing back on new federal tax changes, including the end of EV credits and the SALT cap. From fresh EV rebates to Pass-Through Entity Taxes, these state workarounds could offer real savings for homeowners and business owners navigating higher federal bills.

In 2025, major U.S. companies like Amazon and Microsoft saved $148 billion in taxes thanks to the new One Big Beautiful Bill. Learn how immediate expensing and accelerated depreciation helped them—and what this means for everyday Americans.

Starting January 1, 2026, the IRS will limit how much of your gambling losses you can deduct. Instead of writing off 100%, you’ll only be able to deduct 90% of what you win. That means you could owe taxes—even if you broke even. Here’s what this “phantom income” rule means and how to prepare for it.

President Trump is pushing a bold new tax plan: no more capital gains taxes when you sell your primary home. The proposed No Tax on Home Sales Act could let homeowners keep 100% of their profits—no matter how large. In this post, we break down what the plan includes, who it helps, and how it could impact the housing market and your wallet.

An IUL base increase could be your smartest move this year. It’s a powerful way to grow wealth, lower taxes, and protect your future—all without market risk.

The One Big Beautiful Bill Act is now law—and it brings major tax updates for employers. From payroll to employee benefits, here's what you need to know to stay compliant and find potential tax savings in 2025.

The IRS is trying to work with businesses—not against them. With the improved PFA program, large and international companies can avoid mistakes and feel more confident when filing taxes.

In a world where taxes are getting more complicated, having a way to get help early is a smart move.

If you think your company could benefit, don’t wait. Talk to your tax expert and visit the IRS website today.

The SALT deduction cap increase could be a big win for many taxpayers—especially in high-tax states. But the debate in Congress is far from over. While lawmakers argue over the final details, the best thing you can do is be prepared.

By working with a tax professional, you can understand your options, lower your tax bill, and plan ahead with confidence.

Section 899 is a big change in how the U.S. treats foreign investors. Some people think it’s a smart way to fight back against unfair taxes. Others think it could cause more problems than it solves.

As the Senate debates this new tax, everyone—from investors to business owners—will be watching closely.

If it becomes law, it may change the way the world sees investing in America.

This new tax law could be a game-changer for people who earn tips or work overtime. It’s designed to help hard-working folks keep more of their money.

If you think you might qualify, now is the time to prepare. Keep your records, talk to a tax professional, and stay up to date on the news.

We’ll keep you posted as this law moves forward.

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.

If you live in Florida or Georgia and were affected by recent hurricanes, the IRS has extended your tax deadline to May 1. A trusted CPA can help you make the most of this extra time, avoid penalties, and get back on track.

Climate nonprofits in the U.S. are facing new threats to their tax-exempt status under proposed actions by President Trump. This article explains what could change, how it impacts environmental charities, and what legal and public responses are underway—all in simple language anyone can understand.

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