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On April 1, 2025, Washington Governor Bob Ferguson made headlines by firmly rejecting a legislative proposal to implement a wealth tax...

​Investing in energy-efficient home improvements not only reduces your environmental footprint but can also lead to significant tax...

If you're a U.S. citizen or resident alien living abroad, your tax season isn’t over yet. While most taxpayers face the usual April 15...

If your business sells goods or services in California, it’s time to review your tax settings. As of April 1, 2025 , the California Department of Tax and Fee Administration (CDTFA)  has implemented new sales and use tax rates  across multiple districts. These updates reflect local tax measures passed during the November 2024 elections and apply to both in-state and remote sellers. At Bizora, we help businesses stay ahead of compliance updates. Here’s what you need to know abo

​Managing tax debt can be daunting, but the IRS Fresh Start Program offers relief options to help taxpayers regain financial...

If you’re a California business owner or self-employed professional , a key tax deadline is fast approaching. The Franchise Tax Board...

As the April 15 federal tax filing deadline approaches, the Internal Revenue Service (IRS) is strongly urging taxpayers to file their...

In a major milestone for the city’s economy, New York City real estate tax revenue  reached an all-time high of $37 billion in 2024 ,...

South Carolina is joining a growing list of states aiming to streamline and reduce personal income taxes. In a newly proposed bill...

The Inflation Reduction Act of 2022  introduced a new tax regime for large C corporations : the Corporate Alternative Minimum Tax (CAMT)...

Navigating the complexities of tax season can be particularly challenging for freelancers and independent contractors. Unlike traditional...

In a bold move aimed at reducing economic inequality, Delaware Governor Matt Meyer  has proposed a new budget that would raise state...

Artificial Intelligence (AI) is revolutionizing various industries, and tax preparation for small businesses is no exception. By...

In a major update that could benefit thousands of electric vehicle (EV) buyers, the Internal Revenue Service (IRS)  has introduced a fix...

Cryptocurrency and NFTs (non-fungible tokens) continue to surge in popularity, transforming how we invest, transact, and create digital...

Georgia lawmakers have passed significant tax relief measures, including state income tax cuts and one-time rebates  for residents,...

Connecticut lawmakers are considering a proposal to implement a 28-cent tax on retail product deliveries, aiming to bolster funding for...

As Tax Day approaches each year, April 15  is one of the most important dates on the calendar for individuals and many businesses....

Illinois lawmakers are evaluating legislative measures aimed at eliminating state income tax on tips earned by service industry employees. This initiative seeks to provide financial relief to workers in sectors such as hospitality and food service, where gratuities constitute a significant portion of income.​ Current Taxation Framework for Tipped Employees Under existing federal and state regulations, tips are considered taxable income. Employers are permitted to pay tipped

The Qualified Business Income Deduction (QBID)  under IRC §199A  provides a powerful tax benefit for owners of pass-through...