Most people think their financial professional focuses on the past: last year’s tax numbers, last quarter’s profit, last month’s expenses. That’s the compliance world. It’s essential, of course. But it’s focused on what already happened. Advisory is something different. Advisory is about shaping what comes next. It’s a shift from “Here’s your report” to “Here’s […]
There’s something about the start of a new year that makes everything feel possible again. Fresh calendars. Clean notebooks. A sense that you can finally catch up, get ahead, or at least get organized. But here’s the truth most people don’t realize: A better financial year doesn’t start with dramatic resolutions. It starts with a […]
There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right — feel the same jolt of panic when they receive an IRS notice. But here’s the truth: Most IRS notices […]
Article Highlights: Introduction What is a Designated Roth Account? Benefits of Designated Roth Accounts Contribution Limits Catch-Up Contributions Reasons for Increased Limits Treatment of Distributions Tax Treatment Considerations and Issues Compelling Retirement Saving Strategy In the realm of retirement savings, the designated Roth account stands out as a unique option that offers tax-free growth and […]
Article Highlights: One Big Beautiful Bill Act What Constitutes R&E Expenses R&E Expensing– A Short History R&E Expensing After the OBBBA Domestic vs. Foreign Differentiation Options to Accelerate Expenses Currently Being Amortized Retroactive Expensing via Amended Returns Interplay With Other Tax Provisions Research and Experimental (R&E) expenditures are critical components of innovation and development within […]
Article Highlights: Transactions With a Profit Motive Eligibility Criteria for Profit-Driven Casualty Losses Profit Motive Type of Transaction Nature of Loss Application of IRS Guidance Some Not So Good Tax Ramifications Examples Navigating the tax implications of scams and theft losses can be complex, especially considering legislative changes that generally limit casualty and theft losses […]
January 2026 Individual Due Dates January 2 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded. January 12 – Report Tips to Employer – […]
Article Highlights: Annual Loss Limit Navigating Wash Sale Rules Recognizing Year-End Gains and Losses Donating Appreciated Securities Managing Employee Stock Options Dealing with Worthless Stock Leveraging the Zero Capital Gain Rate Netting Gains and Losses As the year draws to a close, taxpayers with substantial stock holdings have a unique opportunity to engage in strategic […]
The end of the year always sneaks up faster than we expect. One minute it’s pumpkin spice season, the next you’re staring down year-end deadlines, open enrollment, and tax planning checklists. But here’s the truth: November and December are the most important months of the year for your financial health. It’s when you can still […]
Article Highlights: Time to Gather Your Information New for 2025 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax appointment—whether in person, by videoconference or telephone. […]