This month’s issue covers key topics for individuals and business owners alike, including innocent spouse relief, common living trust misconceptions, S-corporation basics, and the IRS’s new deduction for qualified overtime compensation. Each article is designed to provide practical insights to support informed financial and tax decisions.

Remote staff have created a shift for employers that has created a complex web of tax and regulatory obligations. Learn how employees who work in different states than your company’s primary location create nexus and what you as an employer are responsible for doing to stay compliant.

Spring is a natural checkpoint for payroll tax compliance. Overlooking key considerations can create mistakes that compound through the year and potentially result in penalties, interest, or administrative headaches that can divert your energy from running your business.

Innocent spouse relief can protect you from being held responsible for a tax bill caused by your spouse’s or ex-spouse’s mistakes. This article explains how the IRS evaluates these claims, the types of relief available, and what to expect if you apply. If you’ve received a notice or suspect something was wrong with past returns, it may be time to talk to a CPA.

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on joint returns) of the overtime premium they earn above their regular rate of pay. This deduction reduces is available to FLSA-covered employees who meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

Revocable living trusts are widely used and widely misunderstood. This article explains what revocable trusts actually do, what they don’t do, and why proper design, funding, and coordination matter. Understanding these nuances can help prevent surprises and improve estate planning outcomes.

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren’t automatic – they depend on your income level, involvement in the business, and whether you’re ready to manage the added compliance responsibilities. Here’s what you need to know about how S-corps work, who they’re right for, and what’s required to maintain one.

From helping parents understand new savings tools for children to exploring tax-smart gifting and retirement strategies, we’re covering topics that can make a meaningful difference over time. Whether you’re laying a financial foundation for the next generation or fine-tuning your own plans, these insights are designed to help you move forward with purpose and confidence.

When we talk about gifting as part of a tax strategy, many people assume it’s something only the ultra-wealthy need to worry about. But gifting is actually one of the simplest and most powerful financial planning tools available – and a thoughtful gifting strategy can make a meaningful difference for your family, both now and in the long run.

For many parents, providing financial security for their children is a top priority. But building that security involves more than funding college or opening a savings account. The real goal isn’t just to transfer wealth – it’s to prepare the next generation to manage, grow, and protect it.

For high-income professionals locked out of traditional Roth contributions, mega Roth conversions offer a powerful alternative. By contributing after-tax dollars to fill unused space under the $72,000 annual 401(k) limit and immediately converting them to Roth, eligible savers can funnel tens of thousands annually into tax-free growth.

Trump Accounts are a new type of tax-advantaged retirement account for children, created under 2025 legislation and clarified by recent IRS guidance. While contributions can’t begin until mid-2026, families can begin preparing now. This article explains what is currently known, what remains uncertain, and how Trump Accounts compare to other common savings tools like Roth IRAs and 529 plans.

Every year, accountants see the same do-it-yourself mistakes that lead to missed deductions, IRS notices, penalties, or even audits. While DIY filing works well in straightforward situations, understanding where things commonly go wrong can help you avoid costly surprises.

For many business owners, tax deadlines arrive at the worst possible time, right in the middle of managing employees, serving customers, and keeping cash flowing. When the deadline rolls around, it’s common to wonder, “Should I file now, or should I extend?”

Are you equipped to handle a sudden financial gain? Learn four steps you can take to navigate tax planning and potential tax burdens associated with a financial windfall.

Concierge medicine offers a more personalized healthcare experience with longer visits, faster access, and fewer patients per doctor, but it comes at a premium. For busy professionals and families, the real question is whether it aligns with your health goals and lifestyle. Here’s what to consider before making the switch.

The IRS is offering penalty relief for 2025 as employers struggle to comply with new reporting requirements for tips and overtime pay under the OBBBA. While businesses won’t face penalties this year for failing to separately report qualified tips, overtime compensation, and occupation codes, this transition period is explicitly temporary—and smart employers will use it to prepare for full compliance in 2026.

Smart outsourcing isn’t about luxury – it’s strategically identifying tasks that drain mental bandwidth without delivering value, from meal prep and household management to admin work and scheduling. The key is starting small with fractional support, establishing clear systems, and focusing delegation on areas where you procrastinate or that create decision fatigue. By protecting what only you can do and handling the rest, you create more space for higher-impact work and reduce daily friction.

Whether you’re an individual taxpayer or business owner, preparing early for tax time can reduce delays, minimize errors, and help your tax pros do their best work on your behalf. Our team has put together a practical guide to get you started on the right foot this tax season, including key deadlines, commonly required documents, and planning considerations.

The IRS and Congress have enacted tax law changes and regulatory updates that take effect this month and will impact individual taxpayers, employers, retirement plan sponsors, and businesses of all sizes. From tax filing to retirement planning, here are a few key things you should know about what’s new this year.

It’s a new year, and we have new information for you to kick off 2026! With practical strategies for managing sudden financial gain and updates about penalty relief for 2025 tips and overtime reporting to the rise of concierge medicine and outsourcing to buy back your time, we’ve gathered some great news for you to begin this year’s journey.

The holiday season offers more than a revenue spike for business owners; it’s a unique window to build lasting customer relationships. Let’s explore how to align your messaging with the shopper mindset, position your offers, leverage multi-channel reach, and convert one-time buyers into loyal customers while keeping your operations strong.

Hiring your child in your business can offer powerful tax advantages while teaching financial responsibility and supporting long-term wealth planning. Learn how to structure it properly, avoid IRS pitfalls, and make the most of this overlooked family strategy.

Financial literacy starts early, and families that treat money as a life skill, not a taboo topic, often raise more confident, capable decision-makers. From introducing real responsibility to modeling values-based spending, here’s how parents are helping their kids build lasting financial judgment.