ARTICLES

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.

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.

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.

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.

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.

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.

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.

Hiring your child to work in your small business can offer valuable tax benefits while teaching them responsibility and providing income. Learn how.

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.

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.

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.

Small business owners: Cut your 2025 tax bill with deductions for heavy vehicles and home offices. Learn how to qualify and maximize your savings.

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.

Learn which tax documents to keep, how long to retain them, and what you can safely shred after filing your return.

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.

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.