High Impact cpa blog

The 2025 “No Tax on Overtime” deduction: what it is, who qualifies, and how to report it.

The 2025 “No Tax on Overtime” deduction: what it is, who qualifies, and how to report it.by: David Lewis, CPAPublished on: 08/01/2026

Learn about the new "no tax on overtime" deduction created by the One Big Beautiful Bill. See what types of overtime qualifies and if you can take advantage of this tax benefit.

Tax
The 2025 “No Tax on Overtime” deduction: what it is, who qualifies, and how to report it.

Should You Elect S Corporation Status? Read This Before Filing Form 2553

Should You Elect S Corporation Status? Read This Before Filing Form 2553by: David Lewis, CPAPublished on: 03/12/2025

There is a lot of misinformation out there related to S-Corps. This article does a deeper dive on the implications of electing S Corp status and key things your should consider for your business and tax planning.

Tax
Should You Elect S Corporation Status? Read This Before Filing Form 2553

Write Off your Meals (The Right Way)

Write Off your Meals (The Right Way)by: David Lewis, CPAPublished on: 01/10/2025

See our latest video on how to write off meals in your business the correct way so you can avoid misinformation and stay on the right side of the IRS.

Tax
Write Off your Meals (The Right Way)

Find the right kind of tax pro for you!

Find the right kind of tax pro for you!by: David Lewis, CPAPublished on: 13/09/2025

Learn how to find the tax professional that is right for you. Tax pros come in all shapes and sizes. You need one that is correct for your unique situation.

Tax
Find the right kind of tax pro for you!