Sharonda Thomas

The IRS has officially released new guidance on an important benefit for families: Trump Accounts , a new type of individual retirement account (IRA) designed specifically for children under the Working Families Tax Cuts. If you’re welcoming a new baby—or have younger children in your home—this is a financial tool you’ll want to understand. It has the potential to give children a powerful head start in long-term savings and generational wealth. Here’s what parents, guardians, and caregivers...

IRS Direct File Is No Longer Available If you’ve used the IRS’s free Direct File  system in the past, there’s a major change you need to know about:👉 The IRS has confirmed that Direct File will no longer be available for the 2026 tax season. The service, first introduced as a pilot program in 2024, was meant to let taxpayers file their federal returns directly through the IRS website — free of charge, with no third-party software. While the pilot earned positive feedback, it’s now been...

Starting a new business comes with many challenges, and managing your finances effectively is one of the most critical. Without proper bookkeeping, even the most promising startups can struggle to stay afloat. Good bookkeeping helps you track your income and expenses, prepare for taxes, and make informed decisions that drive growth. This post shares essential bookkeeping tips that new business owners can use to build a strong financial foundation and increase their chances of success....