The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, maintains federal income tax rates between 10% and 37%. The key… Read More »How to Review and Maximize Your Tax Savings Midyear
One of the first decisions small business owners face is choosing an accounting method for federal income tax purposes. While larger companies must use the… Read More »“Cash vs Accrual Accounting: Which Is Best for Small Business?
Many retirees wonder whether their Social Security benefits will be taxed. While the new “senior deduction” offers some relief, the actual taxability of benefits depends… Read More »Will Your Social Security Benefits Be Taxed?
Choosing the right legal entity is one of the most important decisions for any start‑up. The entity type you select affects taxation, liability, and flexibility… Read More »LLC vs S Corporation: Which Is Best for Your Start‑Up?
With home values rising across the country, many homeowners are seeing significant profits when they sell. While a large gain is usually welcome, it can… Read More »Capital Gains on Home Sales Explained
Running a side gig alongside your regular job can be rewarding, whether it’s selling handmade crafts online or performing music locally. But when it comes… Read More »IRS Rules: Is Your Side Gig a Business or Hobby?
Job loss is never easy. While your main focus may be finding new employment and replacing lost income, it’s important not to ignore the tax… Read More »Tax Issues to Watch After Job Loss
If you’re a real estate developer or small business owner with commercial property, selling an appreciated asset can trigger significant taxes. A Section 1031 like-kind… Read More »Demystifying Section 1031 Like-Kind Exchanges
Many families overlook the “kiddie tax” or assume it only applies to young children. In reality, this tax can affect full‑time students up to age… Read More »The Kiddie Tax: What Parents Need to Know in 2026
If you’re self‑employed, maximizing tax deductions is essential to reduce your taxable income. Whether you’re a freelancer, consultant, or small business owner, understanding what you… Read More »Top 5 Tax Deductions Self‑Employed Professionals Often Miss
If you participate in a company 401(k) plan, you already know the basics: you can contribute pre‑tax dollars to a traditional account or after‑tax dollars… Read More »Should You Make After‑Tax 401(k) Contributions?
Intangible assets play a major role in today’s business world. From goodwill and trademarks to customer lists, these assets often come into focus when a… Read More »Tax Pitfalls of Selling Self-Created Intangibles