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The Power of Estate Planning: Living Trusts
Learn how a living trust can help you avoid probate, maintain privacy, and streamline asset distribution — regardless of your estate size. Discover key benefits, tax implications, and common pitfalls to avoid.
5 days ago


Retirement Plan Leakage: Why It Matters and How Employers Can Respond
Is your retirement plan at risk from early withdrawals? Learn how “leakage” could be costing your business more than you think — and what you can do about it. Read the full article for actionable insights.
Jun 13


Is an Excepted Benefit HRA (EBHRA) a Smart Move for Your Business?
Considering ways to offer tax-smart employee health benefits? Discover how EBHRAs can give your business flexibility and savings. Read the full breakdown.
Jun 12


Tax-Free Education Benefits: How Your Business Can Support Employee Learning While Saving on Taxes
Looking for a tax-smart way to support your employees and even your own family members? Learn how a Section 127 plan can offer $5,250 in annual tax-free education benefits—see if your business qualifies.
Jun 11


Exploring SEP and SIMPLE IRA Plans: Tax-Advantaged Retirement Solutions for Small Businesses
Looking for a simple, tax-smart way to offer retirement benefits? Discover how SEP and SIMPLE plans can help your small business save big in 2025—without the paperwork hassle. Read more.
Jun 10


Is It Time to Rethink Your Company’s Health Insurance Strategy? HDHPs and HSAs Could Be the Answer
Explore how pairing a high-deductible health plan (HDHP) with Health Savings Accounts (HSAs) can help your business reduce costs, offer tax benefits, and enhance employee benefits.
Jun 9


Understanding the Step-Up in Basis When Inheriting Assets
When someone passes away, most capital assets — like stocks, real estate, and crypto — are adjusted to their fair market value as of the date of death, resetting their tax basis. In some cases, the estate can use a valuation from six months later if it lowers estate taxes. Need help? We’re here to guide you through these rules and create a strategy that works for you.
May 29


The Importance of Bookkeeping for Small Business Owners
Bookkeeping is essential for small business owners to maintain financial clarity, manage cash flow, and ensure tax compliance. It provides the foundation for informed decision-making, better business planning, and detecting financial discrepancies early. Learn more about how good bookkeeping practices can set your business up for long-term success.
May 19


Watch Out for the Wash Sale Rule When Harvesting Tax Losses
If you sell a stock or mutual fund at a loss and buy a substantially identical one within 30 days, the wash sale rule applies. This rule disallows the loss for tax purposes, deferring it by adding it to the cost basis of the new shares. Proper timing is key to successfully harvesting tax-saving capital losses. Learn more.
May 16


Thinking About Hiring Help This Summer? Consider Putting Your Child on the Payroll
Hiring your child to work in your small business can offer valuable tax benefits while teaching them responsibility and providing income. Learn how.
May 13


6 Tips for Staying Compliant with Payroll Tax Laws
Payroll tax compliance is a critical responsibility for small businesses. Even minor errors can result in costly penalties, damage employee trust, and create legal issues. To help you avoid common pitfalls, here are six essential tips to keep your payroll on track.
May 12


Have you Experienced Rental Property Loss?
Have you Experienced Rental Property Loss? As a rental property owner, there are several strategies and exceptions that can help you deduct losses from your tax returns. Learn how.
May 9


What Small Business Owners Need to Know About Business Loss Deductions
Large business or rental losses in 2025 may be limited by IRS rules, including the Excess Business Loss cap of $313,000 (or $626,000 for joint filers). Understanding these limits is key to effective tax planning.
May 8


How to Maximize Tax Savings with Heavy Vehicles and a Home Office in 2025
Small business owners: Cut your 2025 tax bill with deductions for heavy vehicles and home offices. Learn how to qualify and maximize your savings.
May 6


What’s Next for Student Loan Repayments? Key Updates from the Department of Education
After years of uncertainty, the U.S. student loan system is once again in transition. Here's a breakdown of the DOE's current approach to student loan repayments — and what it means for you.
May 2


Do you Qualify for “Head of Household” Tax Filing Status?
To file as Head of Household, you must be unmarried, support a qualifying dependent, and pay over half the cost of maintaining the home. A parent can qualify even if they don’t live with you. Learn More.
Apr 23


What Tax Documents Should You Keep — and What Can You Shred?
Learn which tax documents to keep, how long to retain them, and what you can safely shred after filing your return.
Apr 22


Make a Personal Loan to a Relative or Friend? Here’s What you Need to Know.
Thinking of lending money to a friend or family member? Learn how to properly structure a personal loan to avoid tax issues, including the importance of a written agreement, using the right interest rate (AFR), and potential tax deductions.
Apr 21


Turning Stock Losses Into Tax Breaks
You can deduct capital losses to offset gains and reduce up to $3,000 of ordinary income each year. Losses beyond that can be carried forward. Be aware of the wash sale rule and special rules for claiming losses on worthless stocks.
Apr 18


Retirement and Taxes: Four Smart Steps to Stay Ahead
Retirement brings freedom—and tax challenges. Smart planning helps you save more. Here are 4 key tax tips to prep for retirement.
Apr 17
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