News and Updates

Employee vs. Independent Contractor: Where Businesses Get This Wrong

For many businesses, worker classification doesn’t start as a formal decision. It develops gradually. Someone begins helping out, the relationship works and payments continue without much thought given to how that individual should be classified.

5 Potential Tax Breaks for Boat Owners

Do you own a boat that you use for recreation, business or perhaps a little of both? If so, you...

Claiming the QBI Deduction for Rental Real Estate

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, made permanent the federal income tax...

Is Your Business Eligible for Tariff Refunds?

The U.S. Supreme Court recently ruled that certain tariffs imposed under the International...

How to Grow Your Post-Tax Net Worth

There’s a point where increasing income stops being the main lever.

Most business owners hit it at...

Records Retention: What to Keep, What to Toss and Why It Matters

With tax season in the rearview mirror, many individuals and business owners wonder how long they...

Exploring Whether to Make Roth Contributions to Your 401(k)

A Roth option is now almost universally offered by 401(k) plans, according to the Plan Sponsor...

Business Tax Update: IRS Guidance on QPP Depreciation Rules

Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year...

The Stepped-Up Basis Rules Are More Important Than Ever in Estate Planning

Because of recent tax law changes, income taxes—not estate taxes—are now a more significant focus...

Leaving Your Job? How to Handle Company Stock in Your 401(k)

Conventional wisdom dictates that, when leaving a job, you should generally roll over the balance...