As the year wraps up, most people are busy with holiday shopping, charitable donations, and planning time with family. But if you’re an older taxpayer with one or more tax-advantaged retirement accounts—or a younger beneficiary… Read More »Required Minimum Distributions: Essential Year-End Guide for Taxpayers
Businesses can generally deduct interest they pay or accrue, but federal tax rules limit how much can be claimed each year. Recent changes under the One Big Beautiful Bill Act (OBBBA) will allow many companies to take larger… Read More »Business Interest Deduction Limits Eased Under New OBBBA Tax Law
Even though the year is nearly over, December still offers valuable opportunities to lower your 2025 tax bill. By acting before December 31, you may be able to meaningfully reduce your taxable income. Consider implementing… Read More »Last-Minute Tax Moves You Can Still Make for 2025
If you participate in an employer-sponsored flexible spending account (FSA) for health or dependent care expenses, now is the time to review your remaining balance. FSAs offer valuable tax savings — but most require you… Read More »Maximize Your 2025 FSA Benefits Before It’s Too Late
When you’re planning to sell your business or acquire another company, taxes can significantly affect both the structure and financial outcome of the deal. Understanding the potential tax implications early can make the difference between… Read More »Mergers & Acquisitions: Key Tax Factors Every Buyer and Seller Must Know
Beginning in 2026, individuals in the highest federal income tax bracket will face a new cap on itemized deductions. If you expect to fall into the 37% bracket, you may want to take proactive steps… Read More »New 2026 Tax Law: Itemized Deductions Shrink for Top Bracket Earners
The One Big Beautiful Bill Act (OBBBA) introduced a powerful new tax incentive: 100% first-year depreciation for qualified production property (QPP). This deduction applies to certain nonresidential real estate and differs from traditional bonus depreciation, which… Read More »How Qualified Production Property Can Slash Your Tax Bill Under OBBBA
Are you planning to make financial gifts to family members or other loved ones? If you also want to reduce the tax hit from appreciated investments, consider gifting stock instead of cash. With the right… Read More »How to Eliminate Capital Gains Tax Through Strategic Gifting
Introduction Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also bring tax advantages — if handled correctly. Unfortunately, the IRS limits most business gift deductions to $25 per… Read More »A Smart Guide to Business Gift Tax Deductions
The Social Security Administration has announced the 2026 wage base, and it’s set to rise again. Let’s break down what this means for both employees and self-employed individuals — and how it will impact your payroll… Read More »New 2026 Payroll Tax Limits: Social Security and Medicare Updates