As the year comes to a close, it’s important to check whether you’ve used up your 2025 flexible spending account (FSA) funds. FSAs are a great way to save on taxes, but they typically require […]
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Whether you’re selling your business or acquiring another company, taxes can significantly influence the success of the transaction. Understanding the tax consequences before negotiating is essential to avoid costly surprises. Asset Sale vs. Stock Sale […]
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Beginning in 2026, individuals in the highest federal income tax bracket will face a new cap on itemized deductions. If you anticipate falling into the 37% bracket, now is the time to take proactive steps […]
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The One Big Beautiful Bill Act (OBBBA) introduces a powerful new tax incentive for manufacturers and similar businesses. Under this legislation, companies can claim 100% first-year depreciation on nonresidential real estate classified as Qualified Production Property (QPP)—a significant […]
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Are you planning to make financial gifts to family members or loved ones? If you’re also looking to reduce your capital gains tax, consider gifting appreciated stock instead of cash. This strategy could eliminate or […]
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Thoughtful business gifts are a powerful way to express appreciation to clients, partners, and employees. When managed properly, they can also offer valuable tax deductions. However, the IRS generally limits business gift deductions to $25 per […]
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The Social Security Administration has announced the 2026 wage base: $184,500, up from $176,100 in 2025. This change directly impacts how much payroll tax employees and self-employed individuals will owe. Here’s what you need to know. FICA Tax […]
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Projecting your business income for both the current and upcoming year can help you strategically time income and deductible expenses. In general, deferring income and accelerating deductions is beneficial—unless you anticipate being in a higher […]
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Health care costs continue to rise, prompting many to explore more cost-effective insurance options. One increasingly popular approach is combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). This pairing can lower […]
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As 2025 winds down, now is the ideal time to assess your business expenses for potential tax deductions. Accelerating deductible costs into this year can reduce your 2025 tax liability—and in some cases, lead to […]
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