Lawmakers are considering a massive tax increase on university endowments, which could impact top schools like Harvard, Stanford, and Princeton. While the government aims to raise funds, universities warn this move could mean less financial aid and higher tuition. Will this change help or hurt students? Read on to find out how this proposal could shape the future of higher education.

A proposed tax bill could eliminate taxes on tips and overtime pay, impacting how businesses handle payroll and employee compensation. If passed, this law could lead to higher take-home pay for workers and potential tax benefits for business owners. Learn how this could affect your company and what changes you may need to make.

International tax disputes might sound like a problem only for big businesses, but they can impact everyday people, too. When countries like France and the UK impose extra taxes on American tech giants like Amazon and Meta, it can lead to ripple effects—delayed tax refunds, fewer free tax filing options, higher prices on goods, and even job uncertainty.

To protect yourself, it's important to file your taxes early, stay informed about tax law changes, and explore free or low-cost tax filing options. Understanding how these international tax battles affect your finances can help you make smarter money decisions.

Great news for taxpayers! In 2025, the IRS is expanding its free tax filing program, allowing over 30 million people in 24 states to file their federal taxes at no cost using the IRS Direct File system. This means eligible taxpayers can avoid expensive tax software and keep more of their hard-earned money.

However, not everyone qualifies—itemized deductions and complex returns are not yet included. If you’re wondering who can use this service, how it works, and how much you can save, this guide breaks it all down. Keep reading to see if IRS Direct File is the right choice for your 2025 tax return!

The recent passage of the "No Tax on Overtime" bill could have a significant impact on businesses and employees alike. At Elite Consulting PC, we help businesses navigate complex tax changes like this one, ensuring they stay compliant while maximizing financial benefits. If this bill becomes law, employers may need to adjust payroll strategies, and employees could see changes in their take-home pay. Our team is here to provide expert guidance on tax planning, payroll management, and financial strategy to help businesses and workers make the most of new tax policies.

For personalized tax consulting and CFO services, Elite Consulting PC is ready to help. Contact us today to stay ahead of upcoming tax changes!

Elite Consulting PC helps individuals and businesses navigate complex tax laws, ensuring they maximize deductions and take advantage of valuable tax credits. As lawmakers debate changes to the SALT cap and EV tax credits, our team stays ahead of the latest updates to help clients minimize their tax burden. Whether you're a homeowner in a high-tax state looking for relief or considering purchasing an electric vehicle, Elite Consulting PC provides expert guidance to help you make informed financial decisions. Contact us today to see how these potential tax changes could impact you!

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?

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

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.

The possible changes to the SALT deduction cap could have a big impact on taxpayers, especially those in high-tax states. While raising or removing the cap would help many people save money, it could also reduce federal tax revenue and mainly benefit high earners.

For now, the debate continues in Congress. Whether the cap changes or stays the same, understanding your tax deductions and planning ahead can help you make smart financial decisions.

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The IRS employee buyout program could lead to longer wait times, delayed refunds, and increased tax mistakes. This is why working with a Certified Public Accountant (CPA) is more important than ever.

A CPA can ensure your taxes are filed correctly, help you get the most money back, and provide expert support if issues arise.

As tax season continues, consider working with a CPA to make sure your taxes are done right and on time. Don’t let IRS staffing changes affect your financial future—get expert help today!

The increase in alcohol taxes will undoubtedly affect both drinkers and businesses. While the extra cost might seem small at first, it accumulates over time and requires careful business planning. However, for pub owners, the slight reduction in draft beer taxes provides a silver lining.

By implementing strategic tax planning, adjusting pricing models, and leveraging tax incentives, alcohol-related businesses can navigate these tax changes effectively. Staying informed and proactive will ensure your business continues to thrive despite shifting tax policies.

The new Treasury Secretary, Scott Bessent, is working to keep taxes low and reduce government spending. His goal is to help American workers and businesses keep more of their hard-earned money. While tax policy debates will continue, his approach aims to strengthen the economy and create more financial opportunities for everyone.

No matter what happens with taxes, smart financial planning can help you save money and prepare for the future. Keep an eye on government tax updates, take advantage of tax-saving strategies, and stay informed about how these changes may impact you.

By understanding tax policies and making informed financial decisions, you can take control of your money and set yourself up for a successful financial future.

Big changes could be coming to the state and local tax (SALT) deduction, and they might save you thousands. Lawmakers are discussing raising the $10,000 limit or even removing it entirely, giving homeowners and small business owners in high-tax states a major break. Find out what these changes mean, who stands to benefit the most, and how to prepare so you don’t miss out!

The new tax rules for online sellers are a big change, but they don’t have to be scary. By staying organized, keeping track of your sales and expenses, and reporting your income correctly, you can avoid penalties and keep your online selling business running smoothly.

If you’re feeling unsure about how these changes will affect you, consider reaching out to a tax professional. They can guide you through the process and help you understand your specific situation. With a little preparation, you’ll be ready to handle these changes and focus on what you do best—selling online!

At Elite Consulting PC, we understand the complexities of navigating capital gains tax strategies in an ever-changing economic and legislative landscape. As trusted advisors in tax planning and financial strategy, we specialize in helping individuals and businesses assess whether to accelerate gains or hold off, ensuring that every decision aligns with your long-term financial goals. With insights tailored to your unique situation, Elite Consulting PC equips you with the knowledge and tools to make informed choices in 2025 and beyond. Let us guide you toward smarter tax strategies that safeguard and grow your wealth.

Election cycles bring both uncertainty and opportunity for small business tax compliance. By staying informed, keeping detailed records, and consulting with professionals, you can navigate potential changes with confidence. At Elite Consulting PC, we are here to support your business through every policy shift, ensuring your tax strategy is as resilient as your business.