Don’t Get Trapped by Fraudulent Tax Schemes

Tax scams are becoming more sophisticated, often disguised as social media “advice” from fake tax experts. Learn how to spot fraudulent credit claims and protect yourself from costly penalties.

Handling a Family Business

Passing down a family business involves more than financial decisions. Balancing fairness, family dynamics, and clear succession planning helps preserve both wealth and relationships.

Could Your Child Owe Taxes? Here’s What To Know

Children aren’t automatically exempt from taxes. If they earn unearned income like dividends or interest and meet certain criteria, they may need to file. Understanding the thresholds for the “kiddie tax” and the parent election option can help you steer clear of surprises at tax time.

Outsourced Accounting for Controllership Support

When your business outgrows spreadsheets and part-time help, you don’t have to build a finance department from scratch. An outsourced accounting team can provide the controllership support that keeps your numbers accurate, timely, and decision-ready.

Selling Isn’t the Problem. Seeing the Full Financial Picture Is

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.

Know the Rules for Reimbursing Employees

Reimbursing employees for business expenses may seem simple, but the IRS has strict guidelines. Following these rules ensures reimbursements remain tax-free and compliant.

De Minimis Benefits: IRS Rules and Compliance

The IRS permits employers to offer de minimis benefits like snacks, coffee, or small gifts without adding them to employee income. These perks must remain occasional and low in value to stay compliant.

OBBBA: Big Changes Ahead for Student Loans and Aid

The One Big Beautiful Bill Act brings sweeping changes to student loans, 529 plans, ABLE accounts, and Pell Grants. Families and students now have new opportunities to save, borrow, and receive aid more effectively.

Rebuilding a Small Business Finance Function with Just Two People

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.

Federal Tax Break for Tipped Workers

Under the OBBBA law, tipped workers such as waiters, bartenders, and hairdressers may deduct qualified tips, with average take-home pay rising by $1,675 per year. Because IRS reporting and payroll tax rules are complex, both employees and restaurant employers should consult a tax professional.