Our Financial Blog
Year End Stock Strategies for Savvy Investors
As the year draws to a close, taxpayers with substantial stock holdings have a unique opportunity to engage in strategic planning to optimize their tax positions. This article explores various strategies, including understanding the annual loss limit, navigating wash...
Inflation Into Opportunity: How Smart Businesses Turn Rising Costs Into Margin Gains
Inflation isn’t gone—it’s just quieter. Around 3% feels tame compared to the chaos of the past few years, but that doesn’t mean it’s harmless. For most business owners, small shifts in pricing, payroll, and supply costs have become the new normal—slow, steady pressure...
Unlock Hidden Savings: Master the American Opportunity Tax Credit with These Essential Strategies
The American Opportunity Tax Credit (AOTC) is a valuable educational credit designed to help students and their families offset the cost of higher education. Maximizing this credit can lead to significant financial benefits when managed strategically. In this...
Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones
The holiday season is a time of giving, and while the joy of gifting is often its own reward, there are ways to make your generosity even more impactful through strategic tax planning. By understanding the tax implications of certain gifts, you can maximize the...
Year-End Individual Tax Planning Opportunities
Year-end is rapidly approaching, as are the holidays. So, before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for your 2025 tax filing. Here are last-minute tax issues you...
Last-Minute Year-End Tax Tactics: Maximize Your Business Savings Now!
As the year draws to a close, small business owners find themselves in a crucial period for financial organization and tax strategy optimization. With the potential to significantly reduce your 2025 tax bill, implementing effective tax strategies now becomes...
Life Events that Impact Your Business Taxes
When Change Hits Your Business, So Do Tax Consequences In business, change is constant. You start strong, add partners, grow fast, face challenges, and eventually think about what’s next. Each of those turning points—what we’ll call “life events”—comes with tax and...
Understanding the Taxation of Lawsuit Settlements: What Taxpayers Need to Know
Receiving proceeds from a lawsuit settlement can significantly impact your financial situation, and understanding the tax implications is crucial for effective financial planning. The Internal Revenue Service (IRS) provides comprehensive guidelines on how to determine...
Multiple Side Hustles, One Big Tax Headache
The Rise of the Multi-Hustler Economy Welcome to the new normal—where a single paycheck is no longer the goal. Gen Z entrepreneurs are monetizing everything from TikTok sponsorships to Etsy crafts to freelance design work. It’s creative, empowering, and often more...
Cash Flow vs. Profit: The Hidden Reason Healthy Businesses Struggle
When a “Good Year” Still Feels Tight You finally have a year where sales are up and the books show a profit—yet your bank account feels like it missed the memo. You’re working harder than ever, but cash seems to disappear the moment it hits your account. If that...
Considering Selling Your Second Home? Read This First!
Owning a second home can be a cherished asset, providing a haven for relaxation, a profitable rental, or a long-term investment. However, as life circumstances evolve, so might the reasons for holding onto or getting rid of this property. Here are a few scenarios that...
Why Cash Flow Planning Gets Harder as You Grow
Growth Feels Great—Until It Doesn’t At first, running your business feels simple: money comes in, bills go out, and if there’s something left over, you’re doing fine. Then growth happens.More clients. Bigger projects. Higher payroll. Maybe even a second location....
When Your S-Corp Investment Tanks: Can You Write It Off — and When?
You’ve lost money — now you’re wondering if you can at least get a tax break for it. You believed in your business. You invested in an S-corporation — maybe as a founder, maybe as an early investor — and now things have gone south. The company’s struggling, cash is...
Remote Employees, Reimbursements & Taxes: The Two Paths You Can Take
Your team's remote. They've got internet bills, home office gear, maybe extra phone costs. And you - being the good boss you are - want to cover these costs. But here’s the catch: how you reimburse them changes everything. There are really only two paths: Path 1: The...
IRS Shifts to Paperless Refunds: What This Might Mean for You
In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has announced the gradual phasing out of paper tax refund checks starting September 30, 2025, as mandated by Executive Order 14247....
Unlocking Tax Savings with Deductions Beyond Itemizing
In the complex world of tax deductions, understanding the distinctions between above-the-line deductions, below-the-line deductions, and standard and itemized deductions is crucial for effective tax planning. Each category serves a distinct purpose within the tax...
Maximize Retirement Savings: Don’t Overlook Catch-Up Contributions for Taxpayers Aged 50 and Over
As retirement approaches, many older Americans seek strategies to maximize their savings and ensure financial stability. Retirement plans often provide "catch-up" contributions, a frequently overlooked opportunity to significantly boost retirement funds. This article...
IRS Releases Contingency Plan During Government Shutdown
The IRS has updated its contingency lapse plan, detailing how operations will proceed past the first five days of the federal government shutdown. The plan, which took effect on Oct. 8, 2025, outlines which functions will continue, which will pause and how employees...
Who Claims the Kids When Parents Divorce?
Divorce or separation doesn't just lead to emotional and familial upheaval; it also introduces complexities in financial matters, particularly when children are involved. One often misunderstood and hotly contested issue is determining which parent claims the children...
Vehicle Loan Interest Deduction A Restrained Tax Benefit
In the swirling complexities of tax legislation, even well-intentioned provisions can seem like offers of relief that arrive weighed down with restrictions. The OBBBA provision, which allows taxpayers to deduct up to $10,000 of interest paid on passenger vehicle...