April 27, 2026 We are sure many of you have already completed 2025 form 1099 issuance. The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, brings a significant update to federal information‑reporting rules in upcoming year. These changes affect when businesses must issue Form 1099‑MISC, Form 1099‑NEC, and apply backup withholding. The new law is designed to reduce administrative burdens for small and mid‑sized businesses while modernizing long‑standing reporting

March 15, 2026 As you are probably aware, TOPC Potentia is a somewhat unconventional accounting firm. We don’t merely provide standard accounting and tax services; we develop the actual software platforms that serve as our work tools. As part of this approach, we’ve recently begun gradually integrating AI systems into our work. Given the nature of accounting and tax work, one principle we’ve always prioritized in system development is this: “Given the same input, the system m

March 13, 2026 On July 4, 2025, the One Big Beautiful Bill (OBBB) Act was signed into law. It includes two temporary provisions that may reduce federal income tax for certain workers for tax years 2025 through 2028. One quick clarification up front: despite the headlines, these are income tax deductions, not a complete exemption. Tips and overtime may still be subject to Social Security and Medicare taxes, and state and local tax treatment can differ. Deduction for qualifi