Sep 11, 2025 | Business Planning, Tax News
If your business is being audited, take a deep breath and understand the reasons behind it. Audits may be random or triggered by issues specific to small businesses, such as excessive expenses, misclassified employees or questionable deductions. While an audit...
Sep 2, 2025 | Business Planning, Personal Financial Planning, Tax News
The One Big Beautiful Bill Act allows certain employees to deduct a portion of their reported tip income from federal income tax. The law provides an above-the-line deduction of up to $25,000 in reported tip income. An above-the-line deduction reduces taxable income...
Aug 26, 2025 | Personal Financial Planning, Tax News
A 529 plan, operated by a state or educational institution, comes with tax advantages and potentially other incentives to make it easier to save for: College and other postsecondary training Tuition in connection with enrollment or attendance at an elementary or...
Aug 19, 2025 | Business Planning, Closely Held Business, Tax News
Tariffs are a long-standing tool of economic policy, but that doesn’t make them easy for companies to navigate. Recently, tariffs have been imposed, lifted and then revised, making it difficult for companies to predict short-term costs. U.S. businesses may face...
Aug 14, 2025 | Personal Financial Planning, Tax News
The One Big Beautiful Bill Act makes major changes to the ways Americans can save, borrow and pay for education. From ABLE accounts to student loan caps, the law overhauls many familiar programs. Some provisions will not take effect until July 1, 2026, while others...
Aug 7, 2025 | Real Estate, Tax News
“Gig economy” has become something of a buzzword — slang for what is formally known as the “independent contractor” model. But are you an employee or are you in business for yourself? Sometimes it may seem like a thin line between the two: What...
