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How to Get Your Child Started with Trump Accounts: Claiming Your $250 Seed Funds
Building a financial foundation for your kids is one of the most rewarding things you can do as a parent. We all want our children to have a head start, whether that’s for college, buying their first home, or starting a business. Recently, a new savings tool has been making waves in the news: Trump Accounts . These accounts are designed to help American families jumpstart their children’s savings with a little help from the government and even some generous private donors. On


Unlocking the Power of the Real Estate Professional Status
Investing in real estate is one of the oldest and most reliable ways to build wealth. I’ve always said that most Americans should aim to buy at least one rental property a year. Between the appreciation, the mortgage pay-down, and the tax-free cash flow, it is hard to beat. However, once you start growing that portfolio, you’re going to hear a term thrown around in tax circles: the "Real Estate Professional Status" (REPS). This strategy is often called the "Holy Grail" of tax


Why a Side Hustle is Your Secret Weapon for Tax Savings and True Wealth
It’s a common conversation we have here at HawkEye Accounting and Tax: a client comes in, feeling the pinch of their annual tax bill, wondering if there is a "secret" the wealthy know that they don’t.


The IRS Just Announced When You Can Start Filing Your Taxes: What to Expect This Tax Season
Tax season has officially arrived.


Understanding Accounting and Tax Services
To help clear the air, here is a guide to the most common questions about the costs and differences between various tax services in 2026.


The End of IRS Paper Checks: What Tax Preparers Need to Know Before September 30, 2025
The U.S. Department of the Treasury will cease issuing paper checks for most federal payments.


The Hidden "Gambling Tax" No One's Talking About
President Trump signed into law the sprawling One Big Beautiful Bill Act (OBBBA)—a 900‑page catch‑all with headline grabs like business tax cuts and Medicaid trimming.


💰 Ally Bank’s Savings Buckets: A Smarter Way to Organize Your Money
If you’ve ever tried juggling multiple savings goals in one account (or worse, across 5 different ones), you know how messy and...


Treasury Department to Halt Enforcement of Corporate Transparency Act Penalties for U.S. Companies
In a move aimed at reducing regulatory burdens on American businesses, the Treasury Department


BOI Reporting is Back: What Businesses Need to Know
If you thought Beneficial Ownership Information (BOI) reporting was on hold, think again. Recent legal developments have reinstated the...


BOI reports unconstitutional, AGAIN!
The recent court ruling on the Corporate Transparency Act marks a significant shift in the regulatory landscape for LLCs and...


Reinstatement of BOI Reporting Requirements Following the 5th Circuit Appeals Court Decision
In a recent development, the 5th Circuit Appeals Court has reinstated the Beneficial Ownership Information (BOI) reporting requirements...


Maximizing Tax Benefits for Real Estate Investors in 2025: Strategies to Use Now
Maximizing Tax Benefits for Real Estate Investors in 2025: Strategies to Use Now


Karbon Practice Management
Karbon Practice Management Review


How Do I Get My Credit Report For Free?
Okay this wasn't on my list of articles to write about but I have had multiple people in the last week to ask me, "How Do I Get My Credit...


Should I Use an S-Corp?
Choosing the right business structure is crucial for any entrepreneur. It impacts everything from taxes and liability to flexibility and...


Filing Taxes with Software? Avoid These Common Pitfalls
As tax season approaches, more Americans are turning to software like TurboTax and H&R Block to tackle their tax returns. The ease and...


Record-Keeping and Tax Tips for House Flipping Activities
House flipping The practice of purchasing properties in order resell them for a profit—can be a lucrative side hustle or full-time...


How To Set Up Accounting For Your Real Estate Business
Proper accounting is essential for any business, but especially crucial for real estate investors and agents. Accurate books help you...


A Guide To Home Office Deductions For Real Estate Pros
As a real estate professional, you likely use part of your home regularly and exclusively as your office. The good news is that you may...
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