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...

Understand how the IRS taxes short-term rentals, from the 14-day rule to deductible expenses and 1099-K reporting. A must-read guide for short-term rental hosts...

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...

Explore essential 2025 year-end tax strategies for businesses, updated for the One Big Beautiful Bill Act (OBBBA). From QBI planning to bonus depreciation, entity structure, and reporting changes, this guide helps you make informed, compliant, and tax-smart decisions before year-end...

For the first time since 1986, dependent care flexible spending account limits are getting a major boost - rising from $5,000 to $7,500 for the 2026 plan year. But there's a critical catch: employers should amend their plan documents by December 31, 2025. Here's everything benefits administrators need to know to implement this historic change before time runs out...

Nonprofit organizations pursuing solar energy projects face compressed timelines and new compliance hurdles under the One Big Beautiful Bill Act (OBBBA). This article outlines critical deadlines, registration requirements for IRS Direct Pay, and strategic considerations to secure refundable clean energy tax credits. Immediate action is essential to avoid forfeiting substantial federal benefits...

Affluent travelers are spending more, but with new priorities around privacy, wellness, and meaning. For business owners in hospitality, wellness, and adjacent industries, these shifts present real opportunities. Here's how to align your offerings with what high-net-worth clients are willing to pay for now...

From expanded deductions and new above-the-line benefits to shifting phaseouts and sunsetting exemptions, 2025 offers unique opportunities for individuals to lower their tax liability before year-end. This guide highlights smart, timely moves to help you make the most of current law before key changes take effect in 2026...

Explore essential 2025 year-end tax strategies for businesses, updated for the One Big Beautiful Bill Act (OBBBA). From QBI planning to bonus depreciation, entity structure, and reporting changes, this guide helps you make informed, compliant, and tax-smart decisions before year-end...

Inheriting assets involves complex tax rules and time-sensitive decisions that can impact your financial outcome. This guide covers what heirs need to know about real estate, retirement accounts, and other inherited assets...

There's no perfect time to retire, but with the right planning, you can feel prepared in any economy. Learn how to evaluate your readiness, manage timing risks, and build a retirement plan that lasts...

New IRS guidance lowers the improvement threshold for rural Opportunity Zones and introduces enhanced tax incentives. Learn what’s changed and how investors can benefit ahead of the 2027 OZ redesignation window...