EX Factor Consulting Group

08/25/2025

Key Tax Law Changes for 2025

○ Prepare for a bigger refund or lower liability thanks to new deductions like child tax credit boosts, senior deduction, and SALT cap increase.

○ Keep documentation for deductions (e.g., overtime income, tip income statements, car Ioan interest details).

○ Energy-related tax breaks are phasing out—if you’ve planned or budgeted for them, act soon.

○ Missouri residents: You’ll benefit from no state capital gains tax in 2025 , but still owe federal gains tax.

○ IRS will use existing forms in 2025, making compliance smoother for employers and payroll services . 📝💰🎉

○ Stay tuned for more helpful info.

The One Big Beautiful Bill Act has a significant effect on your taxes, credits and deductions.

08/23/2025

Truth speaking

Truth hurts, who’s out?

08/12/2025

Marilynne Jeffery

02/06/2025

Tax season is well underway, book an appointment today.

06/16/2024

Reminder: 2nd Quarter Estimated Taxes are due on June 17th. Check your withholding to see if you're affected. Missing these deadlines can incur interest-based penalties using the current interest rate and balance due. By this point, half of your previous year's tax liability should have been paid. Paying taxes might not be enjoyable, but a tax penalty is significantly worse.

09/19/2023

Governor Kathy Hochul has made cybersecurity a key priority, with New York's first chief cyber officer, Colin Ahern, leading the effort.

09/09/2023

IRS e-News for Small Business:

Don't forget your 3rd payment is due September 15th:

"Gig workers, sole proprietors, retirees, partners and S corporation shareholders generally must make estimated tax payments if they expect to have a tax liability of $1,000 or more when they file their return."

07/24/2023

Many times, especially in business settings, people use words that they think they know — but don’t. Although they do this in an effort to sound intelligent and sophisticated, it backfires badly, because even one small slip-up can cause an audience to focus on only that, not the speaker’s idea...

06/13/2023

The implementation of the Pregnant Workers Fairness Act requires reasonable accommodations effective 06/27/2023.

What is the Pregnant Workers Fairness Act? The