Few things can rattle a business owner faster than seeing “Internal Revenue Service” on an envelope. The instinct is to panic. But the truth? An IRS notice doesn’t automatically mean you’ve done something wrong. In 2025, notices are more common than ever. Many are generated automatically when systems flag something for review — a missing […]
It started as a side hustle — a few clients, a few late nights, maybe some extra cash to ease the budget. But now the calls are coming in faster. The demand is growing. And you’re starting to wonder: Am I ready to take this full-time? The leap from side hustle to six figures is exciting […]
September 2025 Individual Due Dates September 2025 tax deadlines include tip reporting and estimated tax payments. Learn safe harbor rules, how to avoid penalties, and strategies to prepare for 2026. 2025 Fall and 2026 Tax Planning Tax Planning Contact this office to schedule a consultation appointment. September 10 – Report Tips to Employer If you […]
Section 529 plans are tax-advantaged savings plans designed to encourage saving for future education costs. They are legally known as “qualified tuition plans” and are sponsored by states, state agencies, or educational institutions. With rising education expenses, these plans offer a valuable option for families to invest in the future of a child’s education. Let’s […]
When it comes to running a successful small business, every dollar counts. Yet every year, many owners miss out on valuable tax deductions — and with them, the chance to strengthen their cash flow and reinvest in growth. In 2025, smarter tax planning isn’t optional. It’s a financial strategy that can give your business a […]
The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its permanent reinstatement under the “One Big Beautiful Bill Act” at 100% further emphasizes its importance, especially after considering […]
The recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers. Among these changes, the introduction of a new deduction for overtime pay is of particular interest. This article will explore […]
So you built something real. A business. A legacy. A family-run thing that’s weathered recessions, pandemics, and probably more sleepless nights than you care to count. Maybe it’s a restaurant. A dental practice. A small farm. Maybe it’s a consulting firm that started at your kitchen table with a laptop and a dream. And now? […]
For years, the myth persisted: Estate planning is only for the ultra-wealthy. But if you’re Gen X, a Boomer, or even one of the older Millennials, it’s time to rethink that mindset. A lot has changed. And waiting until it’s urgent could leave your family exposed to legal headaches, financial loss, and avoidable stress. Estate […]
Article Highlights: Prior Law on Tip Reporting and Employer Requirements Introduction of the Above-the-Line Deduction for Qualified Tips Above-the-Line Deductions Qualified Tips Definition Tips in Business Operations When the Deduction is Unavailable Specified Service Trades or Businesses Income Based Reduction Lacking Employment-Eligible Social Security Number Expanded FICA Tip Tax Credit for Employers The U.S. tax […]