< Back to the Resource Gallery

Videos and Articles Search Results

Tax traps for real estate investors and how to avoid them

Tax traps for real estate investors and how to avoid them

Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements. Stay informed and effectively manage your investments amidst an ever-evolving tax landscape.
A tax-focused walk-through of the One Big Beautiful Bill Act 

A tax-focused walk-through of the One Big Beautiful Bill Act 

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.
The other half of retirement planning: a framework for spending

The other half of retirement planning: a framework for spending

Spend your nest egg in the wrong order, and taxes soar while future security shrinks. Get the sequence right, and the same dollars stretch further, cost less, and safeguard your legacy. Here’s the smart roadmap, from Social Security timing to precision RMDs.
Understanding Safe Harbor 401(k) Plans

Understanding Safe Harbor 401(k) Plans

Navigating the complexities of 401(k) plans can be daunting for small and midsize businesses. Discover how the safe harbor 401(k) offers a simplified solution by easing administrative burdens while fostering employee financial well-being. Explore the advantages, key components, and strategic considerations to determine if it's the right fit for your business.
When is an S-corp election the right move?

When is an S-corp election the right move?

Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it's time.
When saying “no” to an inheritance might make sense

When saying “no” to an inheritance might make sense

Most people spend time planning how to leave an inheritance—but far fewer consider when it might be smarter to decline one. In some cases, accepting assets can create unintended tax burdens or complicate long-term wealth planning. This article explores why, when, and how disclaiming an inheritance could be a strategic financial move.
What to do if you receive a notice from the IRS

What to do if you receive a notice from the IRS

Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.
House reconciliation bill: AICPA’s concerns over some proposals

House reconciliation bill: AICPA’s concerns over some proposals

The House's One Big Beautiful Bill Act introduces tax changes that could impact pass-through entities and professional service providers. With concerns from the AICPA about potential complexities and unfair advantages, the bill is under Senate scrutiny. Discover the implications for tax planning and compliance and what stakeholders can do as the legislative process unfolds.
Asset sale vs. stock sale: what business owners need to know before selling

Asset sale vs. stock sale: what business owners need to know before selling

Deciding to sell your business? Navigate the complexities of asset sales versus stock sales with our comprehensive guide. Discover how each structure impacts taxes, liabilities, and proceeds to make informed decisions that optimize your deal and safeguard your hard-earned success.
1031 Exchanges: what qualifies and where investors get tripped up

1031 Exchanges: what qualifies and where investors get tripped up

Discover how 1031 exchanges can be a game-changer for real estate investors, offering a strategy to defer capital gains taxes while reinvesting in like-kind properties. This guide dives into the mechanics, eligibility, and potential pitfalls of executing a successful 1031 exchange.
IRS priorities may be shifting under new administration

IRS priorities may be shifting under new administration

IRS enforcement priorities are shifting, and the ripple effects could impact everything from high-income audits to payroll tax compliance. With workforce changes, funding rollbacks, and new leadership shaping the agency’s direction, taxpayers and advisors alike should be paying close attention. Read the full article to understand what’s changing—and what it could mean for your compliance strategy.
CTA update: major change to BOI reporting requirements in interim final rule

CTA update: major change to BOI reporting requirements in interim final rule

U.S.-formed businesses are now exempt from beneficial ownership reporting under a new FinCEN rule. This change significantly reduces the compliance burden for many companies. Read the full article to see what’s changed, who still needs to report, and what steps (if any) you need to take.
How to optimize your business interest deductions

How to optimize your business interest deductions

Discover how optimizing interest expense deductions under IRC §163(j) can significantly impact your business's cash flow and financial planning. From legislative changes brought by the TCJA and CARES Act to strategies for maximizing deductions, this article explores the complexities and opportunities within this evolving tax landscape. Stay ahead with insights into managing debt structures and preparing for future regulatory shifts.
Tax obligations for household employees

Tax obligations for household employees

Hiring household help, such as nannies or housekeepers, brings convenience but also labels you as an employer with specific tax duties. This guide will walk you through your responsibilities, from classifying workers correctly to navigating Social Security and unemployment taxes, ensuring a compliant and rewarding experience for both you and your employees.
IRS appraisal rules: what you need to know before gifting or donating noncash assets

IRS appraisal rules: what you need to know before gifting or donating noncash assets

Looking to donate or gift noncash assets? Don't do it without understanding the IRS appraisal rules first! Delve into our article to make sure your generosity won't bring unexpected tax complications.
Treasury Suspends Corporate Transparency Act (CTA) Reporting for U.S. Companies

Treasury Suspends Corporate Transparency Act (CTA) Reporting for U.S. Companies

The Treasury Department has suspended the CTA filing requirement for U.S. businesses, signaling a major shift in compliance obligations. While the rule may still face legal challenges, domestic companies are no longer required to report beneficial ownership information—at least for now.
No results found.