Winter Is Coming… and So Are These 3 Accounting Mistakes for MGAs and Insurance Carriers
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.
AI-Ready or Just AI-Loud? What Really Matters in Accounting Tech
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.
Don’t Let 2026 Wreak Havoc With Payroll
A rare calendar quirk in 2026 is adding a 27th pay period for bi-weekly employers. Learn how to manage this extra payday to avoid budget spikes and compliance issues.
You Have Tax Rights — Do You Know Them?
The IRS Taxpayer Bill of Rights protects you through 10 essential principles, ensuring fair treatment and legal protection. Learn how these rights safeguard your privacy and guarantee quality service throughout the tax process.
IRS Third-Party Representation: Someone in Your Corner
If you need help with tax matters, the IRS allows you to authorize a third party to act on your behalf, with options ranging from full Power of Attorney (Form 2848) to short-term oral disclosure.
Selecting an Employer of Record
Utilizing an Employer of Record (EOR) allows your business to expand globally, hire international talent quickly, and drastically reduce the legal and administrative risks associated with foreign employment and compliance.
Starting a Business? Know Your Taxes!
Launching a small business requires an understanding of tax obligations, including self-employment tax, state fees, and critical deductions (like home office) and credits to minimize your tax burden. This startup tax guide will help you on the way.
Year-End Financial Checklist for Small Businesses
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 Affects Charitable Giving and Estate Planning
The OBBBA (One Big Beautiful Bill Act) introduces permanent changes to charitable deduction limits and significantly increases federal gift and estate tax exemptions, requiring a strategic review of all philanthropic and estate plans.
IRS Makes Retirement Plan Changes for 2026
The IRS has finalized major retirement plan changes for 2026, including increased 401(k) and IRA contribution limits and new catch-up contribution rules under the SECURE 2.0 Act.