ARTICLES

The March 16, 2026 deadline is approaching for partnerships, LLCs taxed as partnerships, and S corporations. Be aware of key 2025 tax law changes that may impact your business.

Deciding to file jointly or separately as a married couple depends on your situation. Learn which status fits you best, and discuss your options with your spouse.

The IRS filing season is underway. Discover why filing your taxes early can help prevent fraud, speed up refunds, and give you more time to plan.

Many tax limits are updated yearly for inflation. This overview lists key individual tax figures for 2026: standard deductions, itemized deduction caps, retirement contributions, savings plans, and estate thresholds.

The new year brings updated tax limits and thresholds that can impact business deductions, retirement planning, and employee benefits. This overview highlights key 2026 business tax figures to help business owners plan ahead with confidence.

As December approaches, proactive tax planning can help you minimize liabilities and make filing easier. Our guide outlines ten smart steps to ensure you’re prepared for tax season and ready to take advantage of valuable deductions.

If you and your spouse jointly operate a small, unincorporated business, you may be paying more self-employment tax than necessary. Learn how spousal partnerships are treated for tax purposes and three effective strategies to help lower your tax burden.

A major tax win for innovators: the OBBBA restores immediate deductions for U.S.-based research and experimental (R&E) costs. Small businesses may even amend prior returns to claim refunds. Learn how to optimize these opportunities, accelerate deductions, and boost your tax savings strategy.

New tax updates offer significant opportunities for small businesses to reduce taxable income and boost cash flow in 2025 and future years. If you plan to acquire new equipment, vehicles, or property improvements, now is the time to review your depreciation strategy.

Protect your business from ownership disruptions. Learn how a properly funded buy-sell agreement ensures stability, liquidity, and tax efficiency.

Learn how the Qualified Business Income (QBI) deduction can lower your tax bill and which strategies help business owners maximize this valuable benefit.

High self-employment taxes can take a big bite out of your small business income. Converting to an S corporation may help reduce those taxes and boost your take-home pay. Learn how the structure works, what to consider before switching, and whether it’s the right move for your business.

As a new fiscal year approaches, now’s the time to improve your company’s budgeting process. This article outlines five key ways to create more accurate, collaborative, and effective budgets.

Accurate recordkeeping is more than just good business practice — it’s key to maximizing deductions and staying compliant. A recent Tax Court case shows how poor documentation can cost taxpayers thousands. Discover six practical ways to strengthen your recordkeeping system and safeguard valuable tax breaks.

Getting a letter from the IRS doesn’t have to be intimidating. This article explains the most common types of IRS notices, why they’re sent, and what steps you can take to respond effectively — often with simple solutions.

A safe harbor 401(k) plan can help business owners avoid complex IRS testing and allow highly compensated employees to maximize contributions. This article explains how these plans operate, their contribution requirements, and the potential pros and cons for employers.

Starting in 2025, certain workers may be eligible for new federal tax deductions on qualified tip and overtime income. These deductions, available through 2028, come with specific eligibility rules and reporting requirements for both employees and employers. While payroll taxes still apply, the changes may reduce taxable income for some workers.

Discover how the OBBBA impacts small businesses with new tax breaks, expensing rules, R&D deductions, and phase-outs of energy incentives.

Teachers often spend their own money on classroom supplies, and tax law offers ways to ease that burden. Eligible educators can currently deduct up to $300 in unreimbursed expenses as an above-the-line deduction. Beginning in 2026, the OBBBA introduces a new itemized deduction with broader eligibility and no dollar limit. Careful tracking of expenses can help maximize these valuable tax breaks.

Discover the new tax advantages of Qualified Small Business (QSB) stock under the OBBBA. Learn about updated asset limits, gain exclusions, and rollover opportunities to maximize your investment strategy.