Grace CPA Services

06/19/2025

Learn how the federal adoption tax credit and other resources can ease the financial burden of adoption and help you grow your family with confidence.

06/18/2025

Don't wait until December. These three mid-year tax planning strategies can help business owners reduce their 2025 tax liability and boost cash flow.

06/17/2025

Businesses can unlock big savings and drive impact with key tax credits like WOTC, childcare, R&D, and more. Learn how to reduce tax liability and boost benefits for your team.

Discover major business tax credits—from WOTC to energy and childcare credits—that help reduce liability and support growth, inclusion, and innovation.

06/13/2025

Cruise passengers will see a new tax on trips to Mexico starting July 2025. The fee starts at $5 and rises to $21 by 2028 as part of a plan to boost port and tourism development.

In July 2025, cruise passengers to Mexico will pay a new tax, beginning at $5 and rising to $21. Here’s how it works and what it means for travelers.

06/12/2025

Hiring summer help? Stay IRS compliant with interns, part-time workers, and contractors while capturing available tax credits.

06/12/2025

For taxpayers facing IRS penalties, understanding the pathways to request penalty abatement can provide relief both financially and emotionally.

Learn how to request IRS penalty relief using Reasonable Cause or First-Time Abatement (FTA), plus who qualifies and how to apply.

06/10/2025

House-passed legislation aims to sunset several critical environmental tax credits by December 31, 2025. Legislation currently with the Senate.

06/09/2025

Who’s watching your kids this summer? You may be eligible for a tax credit on childcare expenses. Watch this quick video to see how you can benefit!

06/06/2025

A proposed $5B federal voucher program is gaining traction in Congress, but it’s not law yet. Here's what it could mean for public and private education.

06/04/2025

Survivors of domestic abuse, while navigating their recovery, may face many financial challenges, including tax-related issues. It's essential for survivors to understand their rights and available relief options to safeguard their economic future.

Survivors of domestic abuse may face tax burdens caused by a spouse. Learn about your rights, IRS relief options, and steps toward financial independence.

06/03/2025

If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both withholding and paying payroll taxes as well as issuing a W-2 after the close of the year.

If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don't know about. Read more.

06/02/2025

U.S. Taxpayers who are U.S. citizens or residents living and working abroad should make sure to meet their tax filing deadline on June 17, 2025.