irs Archives - GeneMarks.com

Philly.com

It’s almost time to file tax returns. Watch out for these limits on the tips and overtime deductions.

(This column originally appeared in the Inquirer) By now, most people have heard about the “no tax on tips” and “no tax on overtime” provisions of “One Big…

Gene MarksDecember 23, 2025

Philly.com

Business owners should consider these strategies to reduce their future taxes

(This column originally appeared in the Inquirer) Thanks to the tax and spending bill enacted in July, many small-business owners I know are moving forward…

Gene MarksDecember 16, 2025

Washington Times

Small-business owners, consider this tax-saving strategy

(This column originally appeared in The Washington Times) The One Big Beautiful Bill Act, signed into law this summer, includes many tax benefits for businesses and…

Gene MarksDecember 4, 2025

Philly.com

A new overtime wage tax deduction may be helpful, but it’s also creating headaches

(This column originally appeared in the Inquirer) One of the more touted provisions of President Donald Trump’s “Big Beautiful” tax and spending bill, which was signed…

Gene MarksOctober 28, 2025

Philly.com

No tax on tips: What businesses and workers should know

(This column originally appeared in the Inquirer) The tax and spending bill passed by Congress and signed into law by the president on July 4 contained…

Gene MarksSeptember 16, 2025

Entrepreneur

4 Ways To Eliminate (Or Significantly Reduce) Your Tax Bill

(This column originally appeared in Entrepreneur) Key Takeaways Pay your employees more Start an Employee Stock Ownership Plan (ESOP) Buy equipment Borrow against your property instead…

Gene MarksApril 3, 2025

Philly.com

TurboTax or a CPA this tax season? How small-business owners can make the right call.

(This column originally appeared in the Inquirer) Now that it’s tax season, a lot of business owners are considering whether to use a tax preparation software…

Gene MarksMarch 11, 2025

Guardian

Read the signs of Trump’s federal firings: AI is coming for private sector jobs too

(This column originally appeared in The Guardian) The Trump administration recently announced that it would be laying off approximately 6,700 workers at the Internal Revenue Service,…

Gene MarksMarch 2, 2025

Guardian

Why does the US have it in for gig workers?

(This column originally appeared in The Guardian) The US seems to have it in for gig workers and those who use them. California — the fifth-largest…

Gene MarksFebruary 9, 2025

Washington Times

10 ways businesses should prepare for 2025 tax Armageddon

(This column originally appeared in The Washington Times) Webster’s dictionary defines “Armageddon” as “the site or time of a final and conclusive battle between the forces…

Gene MarksDecember 10, 2024