Category: Accounting & Tax Planning

If your business generates $1.5 million or more in revenue, how do you capture the tax benefits of family payroll while keeping your business fully...

If you're setting aside money for your kids or grandkids, the new IRC Section 530A may be a tax-smart way to do it....

Cryptocurrency may have gone mainstream, but tax compliance is rapidly catching up with updated IRS property classifications and Form 1099-DA broker reporting to evolving regulations....

Under certain circumstances, an S corp election can be great for tax savings, but it’s not always great for growth. Here’s what you should know...

As a business owner, what can you do to eliminate tax surprises? Before jumping on tax liability insurance to insure your tax bill, consider what...

Used wisely, 100% bonus depreciation can fuel growth and protect cash flow; used poorly, it can create unnecessary debt and future tax friction....

In the eyes of the IRS, student-athletes landing NIL deals are now self-run businesses. Learn the tax implications and four golden rules critical to their...

While you might not be signing an addendum with the Acting Attorney General, you CAN use closing agreements and statutes of limitation to create your...

When building wealth in Texas, poor planning can result in hefty taxation as you earn your way to the top....

A new precedent is forming in the tax courts that can cost even innocent taxpayers hundreds of thousands of dollars....

George Clooney's recent relocation to France highlights a complex financial dilemma: maintain dual citizenship and face dual tax systems, or renounce U.S. citizenship and trigger...

A business seizure is a last-ditch effort following many other attempts at tax collections. Here’s what to watch for and how to respond....

Tax preparer oversight might soon be getting a rehaul thanks to a bipartisan Senate bill that aims to impose stricter standards and penalties for misconduct....

Small businesses are often the target of employee fraud. Forensic accountants share three hard truths they may be ignoring about their employees....

Have 2025 business losses? They may become NOL carryforwards that can offset up to 80% of taxable income in future profitable years....

The IRS math errors bill will finally shed light on what exactly the IRS decided to correct on your math homework and how long you...

If you're 50 or older, these tips can help you max out your retirement contributions and lower your tax bill....

America's AI Action Plan emphasizes rapid deployment of AI across federal agencies. Learn how this impacts the IRS and taxpayers....

Texas has changed the rules for franchise tax. To be sure you're covered, review these remaining requirements....

Charitable giving incentives have changed for 2026. Here's what to consider now and as you move into the New Year....

Discover how proposed program changes could deliver crucial tax break updates and unlock new development areas....

Are scary tax surprises lurking around the corner? These tips can help protect your business from an unexpected audit, payroll snafu or tax bill....

Navigating no tax on tips and overtime rules can be confusing for employers. Here we share key tips to ensure compliance and clarity....