R Osman CPA

07/16/2026

Choosing between an S corporation and C corporation involves more than tax rates. Learn the key factors that can impact growth and profits.

That concern is real. It is part of the conversation. But it is rarely the only issue that matters, and it is not always the issue that matters most.

07/14/2026

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three years, rather than requiring them or their tax preparer to request relief for them.

Most taxpayers don’t plan to get hit with an IRS penalty. Usually, it happens because life got in the way: a bill was missed, a return was filed late, or an estimated payment did not get made on time. For years, one of the best forms of relief in that situation was an IRS program called “first-t...

07/13/2026

Learn how the 180-day rule may allow certain 2026 capital gains to be deferred through a Qualified Opportunity Fund investment.

07/10/2026

A mid-year tax review helps business owners improve cash flow, reduce surprises, and make smarter decisions before year-end.

There is a familiar habit among business owners that makes perfect sense until you look at the cost of it: “I’ll worry about taxes in December.”

07/09/2026

Employers of all sizes can assemble a portfolio of fringe benefits that materially increase employees’ total compensation while delivering tax advantages to both the business and employees.

Employers of all sizes can assemble a portfolio of fringe benefits that materially increase employees’ total compensation while delivering tax advantages to both the business and employees. For human resource professionals and small-business owners, the meaningful task is not simply offering perks...

06/29/2026

Learn how short-term and seasonal home rentals can affect your taxes, including income reporting rules and available tax benefits.

06/26/2026

Here are the July 2026 Business Due Dates

Stay on top of July 2026 business tax deadlines, including payroll tax deposits, Form 941, Form 5500 filings, and FUTA tax requirements.

06/25/2026

Here are the July 2026 Individual Due Dates

Stay on top of important July 2026 tax deadlines, including estimated tax planning and tip income reporting requirements for employees.

06/24/2026

CEO confidence just experienced one of its sharpest declines on record. Here's why smart business owners focus less on predicting the economy and more on planning for what comes next.

CEO confidence recently saw one of its sharpest declines on record. Learn why successful business owners focus on planning, not predicting, what comes next.

06/22/2026

Need summer child care while school is out? Learn which child care expenses may qualify for valuable tax benefits for working parents.