ARTICLES

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.

Retirement brings freedom—and tax challenges. Smart planning helps you save more. Here are 4 key tax tips to prep for retirement.

Succession planning is a smart way to protect your legacy and can be a deeply personal process. Review five common succession strategies and key tax considerations for each.

When figuring out how to structure your business, one option to consider is a C corporation. Let's break down its perks and drawbacks.

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.

For 2025, several tax-related limits have increased. We’ve summarized the major changes that may affect you and your business.

Save for college with tax-advantaged tools like 529 plans, Coverdell ESAs, and savings bonds. Plan ahead to maximize tax savings!

The Child Tax Credit remains $2,000 per child for 2024-25 but may drop to $1,000 in 2026. Stay updated on potential changes and eligibility.

If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.

TCJA limits business interest deductions to 30% of ATI. Manage the deduction limit with 3 options. Read more.

Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.

Navigating the tax implications of selling business assets, particularly Section 1231 property, requires careful planning.

HSAs offer tax benefits but have rules. Thinking of offering them? Contact us! Note: Contribution limits and deductibles increased for 2025.

The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.

If your 2024 tax bill is higher than expected, you can lower it by making a deductible contribution to a traditional IRA by April 15, 2025.

At 73, RMDs from IRAs are required. Early withdrawals may face taxes and penalties. Missing an RMD incurs a 50% penalty—plan wisely!

The Work Opportunity Tax Credit offers up to $2,400 per eligible hire. Consult with us to apply this credit to your 2024 tax returns.

Managing business finances can be uncertain, but flash reports provide quick insights between formal statements. Learn more.

Tips are taxable. Employees should report and record cash and non cash tips for tax returns. Learn more.

Intangible assets require complex tax treatment. Know what costs must be capitalized, exceptions, and how to maximize tax benefits.