The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property in...
Trump Accounts are a new type of tax-advantaged retirement account for children, created under 2025 legislation and clarified by recent IRS guidance. While contributions can't begin until mid-2026, families can...
The One Big Beautiful Bill (OBBB) Act, which takes effect for the 2025 tax year, changes how tips are taxed, and many business owners and employees are likely to have...
2026 Social Security COLA Increase Social Security beneficiaries will see a 2.8% cost of living adjustment (COLA) beginning January 2026, increasing monthly benefit payments for tens of millions of recipients. Why the...
As we move into tax season, we’d like to share a few important reminders to help ensure your returns are prepared on time. Important Timing Reminder To meet filing deadlines and allow...
When we talk about gifting as part of a tax strategy, many people assume it's something only the ultra-wealthy need to worry about. But gifting is actually one of the...
For many parents, providing financial security for their children is a top priority. But building that security involves more than funding college or opening a savings account. The real goal...
Businesses must prepare 1099s for contractors and vendors by February 2, 2026. Understanding which forms to use and getting organized now can help you stay on track and avoid costly...