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With the introduction of the “no tax on overtime” rule in the OBBBA, many employees see a potential reason to celebrate as they head into the 2025 tax year. This may result in meaningful tax savings, but only if you are eligible. Let’s take a closer look at how the rule really works and clear up a few common misconceptions.    What is “No Tax on Overtime” Rule  No Tax on Overtime  is a new tax break under OBBBA that helps eligible workers keep more of what they earn when they

When it comes to filing your taxes, missing a deduction is like leaving free money on the table. Even if you use tax software or a...

You can’t improve what you don’t measure. Keep an eye on these 10 key metrics: 1. Gross profit margin- Revenue minus COGS, expressed as a...

Are you a business in the trades or resale industry and unsure how resale purchases are treated for tax purposes in New Mexico? If your profit margins feel tighter than expected and you cannot quite tell why, you are not alone. Many small business owners eventually find themselves asking the same question: Where is the money going?  One thing to look at here is the Gross Receipts Tax. New Mexico’s GRT works differently than traditional sales tax systems in most other states,

Cash flow problems can cripple a business even if sales are strong. Try these 10 strategies: 1. Invoice promptly- The faster you bill,...

Staying informed is one of the best ways to make confident tax decisions, and at Oddo Financial Services, we work hard to bring you the updates that matter most. As tax season gets closer, recent changes to the Opportunity and Business Benefits Act (OBBBA) offer new opportunities for savings and smarter planning. In this article, we’ll walk through what has changed, how these updates may benefit you, and what you can do to prepare for a smoother tax preparation here in Albuqu

January might feel far away when you’re busy running your business—but the IRS 1099-NEC and 1099-MISC filing deadline comes up fast. If...

Tax season stress comes from cramming months of work into a few frantic weeks. Instead, prepare all year with these 10 tips: 1. Keep your...

Running a home service company in Albuquerque is hard work. Between managing client calls, job sites, and daily operations, tax preparation often slips down the priority list. It makes sense because tracking expenses, saving receipts, and knowing which deductions apply can feel like another full-time job.   This challenge is very common, even if your business operates in HVAC, plumbing, landscaping, or electrical services. Many business owners find themselves rushing at the l

Taxes are tricky, and it’s easy to miss deductions you’re entitled to — which means you’re paying more than you should. Here are 10 tax...

The final few months of the year aren’t just about holiday sales and wrapping up projects — they’re also your golden opportunity to set...

The IRS has announced that the Work Opportunity Tax Credit (WOTC)  remains available through December 31, 2025 . This program provides...

You didn’t start your business to spend hours categorizing expenses and chasing receipts — yet here we are. Outsourcing your bookkeeping...

Running a business is exciting — but messy books can quietly drain your time, energy, and profits. Here are the Top Ten Bookkeeping...

The New Thresholds (Phased In) The IRS is rolling this out slowly: 2024 tax year: You’ll get a 1099-K if you receive more than $5,000 ...

Being your own boss is awesome… until tax season hits. Scrambling for receipts? Guessing mileage? Wondering what you can even deduct? ...

Running your trade business is no joke—jobs, crews, supplies, invoices—it’s a lot. But boosting your cash flow doesn’t have to be...

The OBBBA introduces several key tax changes that can greatly benefit small businesses. Let's explore these changes in detail. Key Tax...

No doubt, you've seen constant media coverage about the OBBBA (One Big Beautiful Bill Act), signed July 4, 2025. There are significant...

We all know business isn’t always  booming. No matter your industry, there are busy seasons—and then there are those times when...