Tax Strategies

The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of the tax year, there are some decisions you can make when filing your return that can […]

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to […]

Whether it’s down payments, birthday presents, or car repairs, a desire to share our good fortune with friends and family when they need it most is only natural. However, when tax time rolls around, both the giver and the recipient […]

Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll face two new limits. But there’s some good news for non-itemizing individuals who make charitable […]

Unlocking Retirement Savings: The Backdoor Roth IRA Strategy Retirement savings are a cornerstone of financial security, yet high-income earners often hit roadblocks when trying to contribute to Roth IRAs due to income limits. Enter The Backdoor Roth IRA – a […]

Setting the Stage In the ever-changing economic landscape, the “S-Corporation” (S-Corp) continues to be touted as a top option for business owners seeking favorable tax treatment. An S-Corp enjoys the limited liability protections of a corporation while also boasting the […]

As the tax deadline approaches, many business owners wonder how they can reduce their accounting and tax preparation costs. The quick answer is to do as much as you can before sending your information to your tax accountant. Many business […]

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to expire at the end of 2025. but there’s a chance that some (or all) of […]