Article Highlights: Ghost Preparers PTIN Requirement Signing the Return Preparation to Boost Refund Taxpayer Left Holding the Bag Misdirection Regarding Tax Law Changes How to Report Ghost Preparers Professional Tax Preparation As people begin to have their 2025 tax returns prepared, this is a reminder to avoid unethical “ghost” tax return preparers. A ghost preparer […]
Article Highlights: Awareness Seniors Are Frequent Targets How to Spot a Scam Common Phishing Emails Common Smishing Texts How to Protect Yourself Social Media Tax season is a busy time for taxpayers. It is also a busy time for criminals as they ramp up efforts to trick people into sharing sensitive personal information. Identity thieves […]
Article Highlights Standard Deductions Increased New Senior Deduction Qualified Sound Recording Production Expenses Required Minimum Distributions (RMD) No Tax on Tips No Tax on Qualified Overtime New Vehicle Loan Interest Deduction Adoption Credit Changes Child Tax Credit Increase Environmental Tax Credits Sunset Qualified Small Business Stock Gain Exclusion SALT Deduction Limit Increase Expensing Research or […]
February 2026 Individual Due Dates February 2 – Individuals Who Must Make Estimated Tax Payments If you didn’t pay your last installment of estimated tax by January 15, you may choose (but aren’t required) to file your income tax return (Form 1040 or Form 1040-SR) for 2025 by February 2. Filing your return and paying […]
Growth is exciting. New customers, higher demand, bigger opportunities — all of that feels energizing. But here’s the truth most business owners don’t realize: Growth can actually make your problems bigger if your profitability isn’t solid first. If margins are already tight, more sales won’t fix the problem. If cash flow feels unpredictable, faster growth […]
Most people think their financial professional focuses on the past: last year’s tax numbers, last quarter’s profit, last month’s expenses. That’s the compliance world. It’s essential, of course. But it’s focused on what already happened. Advisory is something different. Advisory is about shaping what comes next. It’s a shift from “Here’s your report” to “Here’s […]
There’s something about the start of a new year that makes everything feel possible again. Fresh calendars. Clean notebooks. A sense that you can finally catch up, get ahead, or at least get organized. But here’s the truth most people don’t realize: A better financial year doesn’t start with dramatic resolutions. It starts with a […]
There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right — feel the same jolt of panic when they receive an IRS notice. But here’s the truth: Most IRS notices […]
Article Highlights: Introduction What is a Designated Roth Account? Benefits of Designated Roth Accounts Contribution Limits Catch-Up Contributions Reasons for Increased Limits Treatment of Distributions Tax Treatment Considerations and Issues Compelling Retirement Saving Strategy In the realm of retirement savings, the designated Roth account stands out as a unique option that offers tax-free growth and […]
Article Highlights: One Big Beautiful Bill Act What Constitutes R&E Expenses R&E Expensing– A Short History R&E Expensing After the OBBBA Domestic vs. Foreign Differentiation Options to Accelerate Expenses Currently Being Amortized Retroactive Expensing via Amended Returns Interplay With Other Tax Provisions Research and Experimental (R&E) expenditures are critical components of innovation and development within […]