Business Planning & Consulting

5 tax breaks on the table: What business owners should know about the latest proposals

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June 9, 2025
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A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean […]
#BusinessTaxPlanning, #FederalTaxUpdates, #TaxReform
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Business Planning & Consulting

Mission and vision statements help businesses rise above the din

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June 6, 2025
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Many of today’s businesses operate in a cacophonous marketplace. Everyone is out blasting emails, pushing notifications and proclaiming their presence on social media. Where does it all leave your customers and prospects? Quite possibly searching for a clear perception of your company. One way — well, two ways — to rise above the din is […]
#BrandIdentity, #MissionStatement, #VisionStatement
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Estate Planning

The advantages of a living trust for your estate plan

A, magnifying, glass, highlighting, the, words, "Living, Trust, &, Estate, Planning", placed, over, a, calculator, with, a, small, potted, plant, in, the, background, symbolizing, financial, planning, and, attention, to, detail.
June 4, 2025
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Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in 2025)? Well, think again. Even with this substantial exemption, creating a living trust can offer significant benefits, especially if your goal is to avoid probate […]
#AvoidProbate, #EstatePlanning, #LivingTrust
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Estate Planning

Family business focus: Addressing estate and succession planning

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May 30, 2025
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The future often weighs heavier on the shoulders of family business owners. Their companies aren’t just “going concerns” with operating assets, human resources and financial statements. The business usually holds a strong sentimental value and represents years of hard work involving many family members. If this is the case for your company, an important issue […]
#BusinessSuccession, #EstatePlanning, #FamilyBusiness, #SuccessionPlanning
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Tax Planning

Digital assets and taxes: What you need to know

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May 28, 2025
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As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To help you stay compliant and avoid tax-related complications, here are the basics of digital asset reporting. […]
#CryptocurrencyReporting, #CryptoTax, #DigitalAssets, #IRSCompliance
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Employee Benefit Plans

The IRS recently announced 2026 amounts for Health Savings Accounts

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May 27, 2025
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The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can […]
#EmployeeBenefits, #HealthSavingsAccount, #HSA2026, #TaxCompliance
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Tax Planning

How working in the gig economy affects your taxes

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May 21, 2025
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The gig economy offers flexibility, autonomy and a way to earn income, but it also comes with tax obligations that can catch many workers off guard. Whether you’re driving for a rideshare service, delivering food, selling products online or offering local services like pet walking, it’s crucial to understand the tax implications of gig work […]
#EstimatedTaxes, #SelfEmploymentTax, #TaxPlanning
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Human Resources

Hiring independent contractors? Make sure you’re doing it right

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May 19, 2025
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Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could lead […]
#IRSGuidelines, #TaxCompliance, #WorkerClassification
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