What’s a “Small Business,” and Why Does It Matter?
Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If…
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IRS Notice CP53E: What Taxpayers Need to Know
Many taxpayers are receiving unexpected IRS Notice CP53E letters recently, creating confusion about whether the communication is legitimate and why…
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Tax Mitigation Strategies When Rebalancing Your Investment Portfolio
Large stock market gains in recent years, coupled with some significant volatility in 2026, have left many investors with portfolios…
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How the New Trump Accounts for Children Will Work
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful…
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There’s Still Time to Set Up a SEP and Reduce Your 2025 Taxes
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one…
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Is Your Business Ready for the Tax Deadline That’s on Groundhog Day This Year?
Normally, businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But…
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Tax Filing FAQs for Individuals
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the…
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Not All “Business” Expenses Are Tax Deductible
With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time…
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More Individuals With Disabilities Will Be Eligible for Tax-Advantaged ABLE Accounts in 2026
Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar…
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Significant Changes to Information Reporting Go Into Effect for the 2026 Tax Year
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful…
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New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production…
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What You Need to Know About Deducting Business Gifts
Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits…
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