The Power of Clean Books: Why Year-End Reconciliation Matters
Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.
Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.
How To Retire Gradually From Your Business
Retiring from a business you founded is both a personal and financial journey. Planning your exit thoughtfully helps preserve your legacy while easing into the next chapter.
Smart Giving: Tax-Efficient Ways for Businesses to Support Causes They Care About
Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.
Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.
Sunrise, Sunset and the OBBBA
Sunrise, Sunset and the OBBBA Taxpayers who worried about the expiration of several tax cuts from the Tax Cuts and Jobs Act of 2017 can now breathe easier. The One Big Beautiful Bill Act made most of those provisions permanent, which provides more stability for long-term tax planning. While this is welcome news, the law […]
Household Help and Taxes
Learn what defines a household employee, when taxes apply, and how to stay compliant with federal rules for nannies, babysitters, and home workers.
Get Ahead on Your 2025 Taxes
Prepare for the 2025 tax year with strategic planning under the One Big Beautiful Bill Act. Learn how to maximize deductions, credits, and retirement contributions.
Bringing Adult Children Into the Business
Involving your adult children in the family business can strengthen both your legacy and theirs, but it requires structure and clear expectations. Early planning, defined roles, and open communication are key to a smooth transition.
Restricted-vs-Unrestricted-Funds-What-Nonprofit-Leaders-Need-to-Know
Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.
Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.
OBBBA and Pass-Through Entities
The One Big Beautiful Bill Act (OBBBA) brings major changes for S corporations, partnerships, and LLCs. From permanent tax breaks to enhanced deductions, these updates could significantly impact how small businesses plan and save.
AI Isn’t Replacing Accountants, It’s Making Them Superpowered
Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.
Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.