Crystal Wilson

Let’s strip away the political marketing and AI-learned optimism and give you a bias-free, economically grounded summary of how H.R.1 (119th Congress) impacts businesses of all types. 🏢 1. C Corporations 🔹 What Changed •Corporate rate stays at 21% (no increase post-2025) •Bonus depreciation (100%) extended through 2029 •Section 179 expensing increased: •Deduction limit: $2.5M …

How H.R.1. Impacts Businesses Read More »

Some summaries, especially from mainstream outlets or CRS-style sources, present the bill as tax-cutting across the board — which benefits political branding, but not always working-class families. AI trained on such language might default to that phrasing unless you dig deeper. So let’s go deeper — and analyze the numbers, eligibility, and phaseouts in H.R.1. …

How H.R.1. OBBB Impacts Individuals Read More »

Running a business is hard enough without the financial chaos. If you’re still juggling receipts and spreadsheets, it’s time to level up.  QuickBooks helps you:  Track income & expenses  Send professional invoices  Get ahead on taxes Thousands of small business owners (like you!) are switching to QuickBooks to save time and stress less.  Try it …

DIY Finances = 😩 / QuickBooks = 😎 Read More »

Here’s a comprehensive Trucker Business Tax Deductions Checklist—organized by well-known and lesser-known deductions to ensure full visibility for both solo owner-operators and incorporated trucking businesses. ✅ Trucker Business Tax Deduction Checklist 1. 🚛 Well-Known Deductions These are commonly claimed and understood by most truckers and tax preparers. Fuel – All fuel purchased for business operations. …

Truckers: Missed Deductions = Lost Loads. Fix That in 2 Minutes. Read More »

As a business owner or entrepreneur, it’s essential to ask the right questions to your CPA or tax preparer to ensure your business is compliant with tax laws, taking advantage of all possible deductions, and planning effectively for the future. Here’s a structured list of questions to ask: 1. Business Structure and Tax Strategy: •Is …

12 questions an entrepreneur should ask their CPA Read More »

For a college student client, the tax preparer will typically need a combination of personal documents, income statements, education-related forms, and potentially deductions or credit information. Here’s a checklist of documents a college student should gather: Personal Information: •Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) •Bank account information (for direct deposit of …

The Secret Document Checklist a college student should gather for taxes Read More »

Customized Checklist of Required Documentation for S-Corp and C-Corp Tax Filings Filing taxes for S-Corporations (S-Corp) and C-Corporations (C-Corp) requires a detailed and thorough approach. At Crystal Clear Tax, we ensure that both you and your business meet all necessary requirements by providing a tailored checklist of documents. The documentation needed may differ slightly depending …

Essential Tax Prep Checklist for S-Corps & C-Corps: Simplify Your Filing with Crystal Clear Tax Read More »

Streamlining Your Tax Preparation: A Guide to Working with Crystal Clear Tax When it comes to tax preparation, both the firm and the client have responsibilities to ensure a smooth and efficient process. At Crystal Clear Tax, we believe in a collaborative approach, where clear communication and organization are key to achieving the best outcomes. …

Your Ultimate Tax Prep Checklist: What You Need to Get Started and Stay Organized Read More »

  As we approach the second half of the year, I wanted to take a moment to discuss the importance of estimated tax payments and how they can impact you.   Why Estimated Tax Payments Matter Estimated tax payments help you manage your tax liability throughout the year, avoiding large payments and penalties during tax …

Secrets To Understanding and Managing Your Estimated Tax Payments Read More »