Dec 18, 2025 | Business Planning, Personal Financial Planning
Fairness isn’t always about equal shares — it’s often about what makes sense based on each person’s needs and circumstances. Sometimes one child needs more financial support or hands-on help. Other times, it’s about who’s better equipped...
Nov 18, 2025 | Business Planning
Cyber liability insurance protects your business from any financial losses if it suffers a data breach, ransomware attack or any other type of cyberattack. This type of insurance has only become more important as a greater number of small businesses store customer...
Nov 13, 2025 | Business Planning
Ordinary and necessary travel expenses are deductible when you travel away from home on business. You are considered to be traveling away from home if: your duties require you to be away from the general area of your “tax home” substantially longer than an ordinary...
Nov 11, 2025 | Business Planning
The most successful small-business owners are not the ones who only have great original ideas. They are successful because they also know how to read the current and future marketplace and can quickly adapt to changes they see on the horizon. The ability to navigate...
Oct 23, 2025 | Business Planning, Tax News
The at-risk limitations are the result of Congress’ concern that taxpayers were deducting losses from tax-sheltering activities far in excess of their economic amount at risk in the activities. The thrust of the rules is that you can deduct losses only to the...
Oct 21, 2025 | Business Planning, Estate Planning, Personal Financial Planning
Revenue Ruling 2023-2, issued in March 2023, made a major change to how assets in irrevocable trusts are treated. The rule states those assets in an irrevocable trust that are not included in the grantor’s taxable estate cannot receive a step-up in basis. This...
