Zwygart John & Associates

01/24/2025

No, you don’t need to…

💦 Drain your retirement account
🏠 Sell your house
👩‍⚖️ File for bankruptcy

…to fix your tax debt.

What you DO need is a plan – and someone who knows how to make that plan. Let’s strategize your way out of tax debt together.

01/24/2025

Strategic Business Planning to Level Up Your Boise Business

To hit your goals this year, strategic business planning is crucial. We encourage Nampa owners to try the SWOT method.

01/23/2025

Did you think TikTok was gone for good? After being banned for 12ish hours, President Trump stepped in to perform TikTok CPR – giving the app 75 days before its fate is decided. Then the battle continues: Cooking videos, cringey dances, and comedy skits vs national security concerns.

President Trump’s “warm spot” for TikTok might mean it gets to live. But SHOULD it?

Not voicing an opinion here, just starting a conversation. 🙂

President Donald Trump has signed an executive order Monday to keep TikTok operating for 75 days, a relief to the social media platform’s users even as national security questions persist.

01/22/2025

Budgeting app or the old-fashioned paper method?

01/21/2025

You didn't think you'd heard the last of the BOI drama, did you? Last week, the New Civil Liberties Alliance (NCLA) urged the Supreme Court not to reinstate the (currently null) BOI reporting requirements. And just in case they don't cooperate, a group of Republican lawmakers introduced a bill on January 15th get rid of BOI reporting entirely.

But no one is for sure what the Supreme Court will do (or when a deadline might suddenly be enforced). So make sure you’re prepared – you could risk some serious penalties if you aren’t.

Have questions? Drop them in the comments below.

01/20/2025

Did you know that forgiven debt is usually considered taxable income? That’s right—canceling a debt doesn’t always mean it’s gone for good.

But there’s hope: If you were insolvent (meaning: your debts were greater than your assets) when the debt was forgiven, you might be able to exclude it from your taxable income – thanks to the Insolvency Exception.

This could be your chance to get back on track financially. But navigating this exception can be tricky – so let’s tackle it together.

01/18/2025

KPI Setting in 2025 for Boosting Your Nampa Business

Do you have business goals for 2025? A clear KPI plan can help keep you on track to achieve them.

01/18/2025

The Tik Tok ban could mean a lot more than just a drought of cringey dance videos.

“Businesses across America depend on TikTok's unique ability to help them reach otherwise unreachable customers, generate new revenue streams and drive awareness of their brands, products and services."

What do you think? Would a Tik Tok-less world be an overall positive or negative?

TikTok will be banned in the United States on Jan. 19, 2025, after a federal appeals court rejected its bid to overturn the ban that President Biden signed in April. The law states that if TikTok's parent company, ByteDance, doesn't divest its ownership to non-Chinese companies, the app will be bann...

01/16/2025

Do you use your vehicle for your business? The IRS bumped up the mileage rate for 2025 to 70 cents per mile – up a whopping 3 cents from last year.

If you really want to take advantage of the mileage deduction, good record-keeping is a MUST. Don’t leave money on the table because of messy logs or missed miles.

We can help take the hassle out of tracking – just give us a holler.

01/15/2025

If you're still waiting on your Employee Retention Credit refund, you're not alone – the IRS has a backlog of about a million claims, and resolution can take over a year.

Which isn’t fair to you as a business owner at all. And it’s more than just the waiting – there's also the...
❌ Lack of transparency in tracking claim statuses.
❌ Confusing disallowance letters missing critical details.
❌ Audit-like procedures without standard protections.
❌ Stolen refund checks taking months (or longer) to replace.

The IRS says it plans to process 500,000 more claims in 2025. But you need clarity and action NOW. If you’re feeling stuck, don’t go it alone. We can advocate for you in this mess.

01/14/2025

Getting dizzy from all the recent BOI reporting changes? Here’s a quick recap (and what you need to focus on NOW):

On December 3rd, the original BOI reporting deadline – January 1, 2025 – was called off (thanks to the U.S. District Court for the Eastern District of Texas). The government appealed this decision, but the court upheld it. Not long after, the court reversed THAT decision – setting a new deadline of January 13th.

THEN, on December 27th, the reporting requirements were called off again. Got BOI whiplash by now?

So, the current status is: You DON’T need to file BOI reports. But DO stay informed, and keep your filing information handy in case of any sudden changes. And if you need any help with that, just give us a call.