Blog
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Four Planning Windows That Are Still Open
A research election, a four-year SALT window, two ways to miss a pass-through election, and the second hand on the 1031 clock.
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Payroll and Tips: What Changed for 2026
A payroll tax credit that now covers salons and barbershops, two traps in the new tips deduction, and the wage floors that move every January.
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Two Things Most Owners Are Still Doing the Old Way
The 1099-NEC threshold moved from $600 to $2,000, and US-formed companies stopped filing beneficial ownership reports. Neither is a reason to change your paperwork habits.
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What Stopped Being Temporary
Section 199A, bonus depreciation and domestic research costs all lost their expiry dates. What that changes about planning.
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Your Lease Is on the Balance Sheet Now
Under ASC 842 an operating lease sits on the balance sheet as an asset and a matching liability. Your profit does not change. Your ratios do.
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Missed Rental Depreciation? Form 3115 Claims Every Year at Once
If the IRS is going to treat you as if you depreciated the property, you might as well get paid for it.
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Maximizing Tax Benefits: Understanding the Home Office Deduction
As a CPA, I often encounter clients seeking ways to reduce their taxable income effectively. One such avenue, especially relevant for those who work from home, is the Home Office Deduction.
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How the Secure Act 2.0 might change your retirement
The SECURE Act 2.0, also known as the Setting Every Community Up for Retirement Enhancement Act, is new legislation enacted by the United States Congress. This legislation intends to make it simpler for Americans to save for retirement by expanding access to retirement plans and increasing flexibility in how those plans can be utilized.
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2022 Tax Planning: Standard vs Itemized Deductions
When it comes to filing your federal income tax return, there are two ways to take deductions: itemizing or using the standard deduction. Deductions lower the amount of your taxable income, so it's important to consider which method will result in a lower tax for you.
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Top 9 Tax Credits and Incentives for Individuals
There are many tax credits and incentives available to individuals that can help reduce the amount of tax they owe or increase the amount of their tax refund. Dollar figures below are for tax year 2022 and are adjusted most years, so check the current amount before relying on one.
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Seven ways tax planning minimizes tax liabilities
Tax planning is the process of organizing your financial affairs in a way that minimizes your tax liability. It involves anticipating and arranging your financial transactions in a way that takes advantage of available tax credits, deductions, and exemptions to reduce the amount of tax you owe.
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SOLO 401(K) TAX PLANNING
A Solo 401(k) is a type of retirement account designed specifically for self-employed individuals or small business owners who don't have any employees other than themselves and their spouses.
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How a CPA can represent you in front of the IRS
If you are facing a tax audit or other issues with the Internal Revenue Service (IRS), the process can be intimidating and overwhelming. That's where a Certified Public Accountant (CPA) comes in.
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6 Reasons Why You Should Hire an Accounting Firm
As a business owner or individual, it's important to have a trusted financial advisor to help you manage your finances and make informed decisions. One professional that can provide valuable assistance in this area is a Certified Public Accountant (CPA).
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How to Use a CPA to Save You Money
A Certified Public Accountant (CPA) is licensed by the state in which they practice. That license requires passing the Uniform CPA Examination, meeting education and experience requirements, and completing continuing education every year to keep it.
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Tax Benefits of Cost Segregation
Business and individual taxpayers who acquire nonresidential real property or residential rental property have an opportunity most never take. They can stop depreciating the entire building over 39 years and start depreciating large parts of it over 5, 7 and 15.
Reading is not the same as deciding. Tell us what you are filing and what you are weighing up, and we will come back with a scope and a fixed price before any work starts.