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Tax Advice: What Families Need to Know About the New Tax Law

August 7, 2025

The sooner you start planning for the changes in the One, Big, Beautiful Bill Act, the better positioned you’ll be. Here are some of the new provisions affecting families.

For Small Businesses: The New Law & Depreciating Eligible Assets

August 7, 2025

Some of the biggest and best changes in the new tax law involve the rules for depreciating business assets. Here’s how you can benefit.

Tax Advice: Understanding Spousal IRAs & Retirement Planning

July 30, 2025

If you’re married and don’t work outside the home, can you contribute to a retirement plan? You may be eligible for a spousal IRA. Here are the rules for 2025.

Tax Advice: What the New Tax Law Could Mean for You

July 30, 2025

In case you haven't yet heard about how the One, Big, Beautiful Bill Act will affect you, read on.

For Small Businesses: Favorable Changes For You in the One, Big, Beautiful Bill

July 30, 2025

You’ve probably heard that the One, Big, Beautiful Bill Act has been enacted. What will it mean for taxes and your business?

For Small Businesses: Tap Into the 20% Rehabilitation Tax Credit

July 15, 2025

Thinking of investing in, or restoring, a historic building for your business? The federal tax code may reward you with a tax credit. Here’s how it works.

Tax Advice: What to Know About Digital Assets & Taxes

July 15, 2025

Curious how your crypto, NFTs or stablecoins could impact your taxes? We break down what the IRS expects and how to stay compliant when reporting digital asset transactions.

For Small Businesses: 2026 Amounts for Health Savings Accounts

July 15, 2025

Health Savings Account (HSA) update for employers: If your business offers HSAs, the IRS recently released the 2026 inflation-adjusted amounts. Here they are, along with the benefits of HSAs.

For Small Businesses: Starting a Startup? Know Your Costs & Taxes Before Filing

July 7, 2025

Before you open for business, learn how start-up expenses are handled on a federal tax return.

Tax Advice: How Age Affects Certain Tax Provisions

July 7, 2025

Some birthdays come with tax consequences. Take a look at these age-related tax milestones.

Tax Advice: Is College Financial Aid Taxable?

July 7, 2025

Can college financial aid trigger a tax bill? Here are the tax rules for scholarships, fellowships, tuition discounts, work-study programs and other types of financial aid.

For Small Businesses: DOs and DON'Ts to Protect Your Expense Deductions

July 7, 2025

To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and DON’Ts based on a recent court case.

Tax Advice: How The One, Big, Beautiful Bill Could Change '25 Tax Breaks

June 29, 2025

Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.

For Small Businesses: 5 Tax Breaks Currently on the Table

June 29, 2025

You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?

Tax Advice: Are You Missing a Valuable Tax Deduction for Medicare Premiums?

June 23, 2025

Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.

For Small Businesses: Why the Deductibility of R&E Expenses Could Change

June 23, 2025

The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful Bill may significantly improve the deduction. Here’s the story.

Tax Advice: Rules for Recipients of Legal Awards & Settlements

June 9, 2025

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Tax Advice: The Advantages of a Living Trust for Your Estate Plan

June 9, 2025

Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.

For Small Businesses: On Summer Business Trip Tax Deductions

June 6, 2025

Turn business trips into tax breaks! Here are the rules for deducting travel without hitting turbulence with the IRS.

For Small Businesses: Can You Turn Business Losses Into Tax Relief?

June 1, 2025

Having a tough year? Find out how net operating losses can convert today’s setbacks into brighter tax savings in the future.

Tax Advice: How Working in the Gig Economy Affects Your Taxes

June 1, 2025

The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.

For Small Businesses: Hiring Independent Contractors? Do It Right

May 26, 2025

Many businesses turn to independent contractors to fill open roles and reduce costs. To avoid costly issues with the IRS, it’s important to understand the key rules that govern worker classification.

Tax Advice: Tax Rules for Recipients of Legal Awards & Settlements

May 26, 2025

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Tax Advice: Still Have Tax Questions? You're Not Alone

May 12, 2025

Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.

For Small Businesses: Is Your Salary Reasonable in the Eyes of the IRS?

May 12, 2025

As a C corporation or S corporation business owner, setting your own salary can be tricky. If it’s too high or too low, the IRS may step in. Here’s how to help ensure your compensation is considered reasonable, which helps keep your tax deductions intact.

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