Nov 13 How To Retire Gradually From Your Business
Learn how to retire gradually from your business with a clear plan, smart exit strategies, and a smooth transition that protects your legacy and finances....
Oct 30 Could Your Child Be Liable for Taxes? Here’s What You Need to Know
It’s easy to assume that children don’t need to worry about taxes. However, if your child earns unearned income, like dividends or interest from investments, the IRS may require them to file a tax return. There are two primary scenarios that could make this necessary....
Oct 30 IRS Warns of Social Media Tax Credit Schemes
The IRS reports a rise in fraudulent refund claims tied to social media advice. Posts are pushing credits that many taxpayers do not qualify for, such as the Fuel Tax Credit or the Sick and Family Leave Credit. Since 2022, the agency has imposed more...
Oct 30 IRS Announces 2026 Tax Inflation Adjustments
The IRS has released its inflation adjustments for tax year 2026, covering more than 60 provisions. These changes reflect updates from the One, Big, Beautiful Bill (OBBB) and will apply to returns filed in 2027. Here's what stands out:...
Oct 16 Are You Eligible for a Home Office Deduction?
If you work from home, you might be eligible to claim a home office deduction. This can help reduce your taxable income by allowing you to write off certain home expenses related to your business use. Here’s what you need to know to determine if...
Oct 16 How IRAs Help You Now and Later
Saving for retirement doesn’t have to be overwhelming. One good place to start—or revisit—is with an individual retirement account (IRA). These accounts offer tax benefits that can make saving more manageable over time....
Oct 16 Turning State Tax Complexities into a Plan for Success: The Role of Trusted Advisors
State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules, aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies operating across multiple U.S. states face an increasingly complex state tax compliance landscape. What was once a manageable state filing...
Oct 02 Employers Can Help Cover Education Expenses, Tax-Free
Under IRS rules, educational assistance programs can be used by employers to help with employees’ student loans and other qualified education expenses, without adding to their taxable income....
Oct 02 How to Deduct Business Travel Expenses
Ordinary and necessary travel expenses are deductible when you travel away from home on business. You are considered to be traveling away from home if:...
Oct 02 Get Prepared Before Disaster Strikes
While National Preparedness Month officially wrapped in September, the reminders from the IRS still stand strong this October. With hurricane season still active, winter storms on the way, and wildfire risks lingering, it's a good time to double-check that your emergency plan is ready to...