H&B, Author at Hutchinson and Bloodgood LLP

Bad reputation: Why you should perform adverse media screenings

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January 19, 2026

Admit it, you’ve Googled your own name once or twice. The question is, how frequently do you Google your company’s name? Regularly checking online information about your business can help you manage any negative accounts and dispute false or misleading data. After all, many investors, lenders, customers, vendors and business partners will search your company’s online […]

#AdverseMedia, #DueDiligence, #RiskManagement

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Tax Planning

When medical expenses are — and aren’t — tax deductible

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January 14, 2026

H&B

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If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and other rules can make it hard to claim the medical expense deduction. At the same time, more types of expenses may be eligible than you might expect. Limits on the […]

#ItemizedDeductions, #MedicalExpenseDeduction, #TaxPlanning

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Tax Planning

SALT Digest Issue #5: Navigating U.S. Sales Tax

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January 12, 2026

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#SalesTax, #SALT, #UseTax

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Human Resources

Consider these issues before providing (or reimbursing) mobile phones

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January 8, 2026

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For many employees, mobile phones are no longer a perk — they’re an essential business tool. However, issuing company phones or reimbursing employees for use of their personal devices can create hidden security risks, unexpected tax consequences and productivity concerns for business owners. Here are some key issues to consider before rolling out or revising […]

#EmployeePolicies, #HumanResources, #WorkplacePolicy

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Tax Planning

Not all “business” expenses are tax deductible

January 6, 2026

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With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think. Most business deductions aren’t specifically listed in the Internal […]

#BusinessTax, #TaxDeductions, #TaxPlanning

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Tax Planning

A new year means new tax figures for individuals

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December 31, 2025

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Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are going into effect under the One Big Beautiful Bill Act, signed into law July 4, 2025. Here’s an overview of some important limits and other tax figures for 2026. Keep […]

#2026Taxes, #TaxPlanning, #TaxUpdates

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Tax Planning

More individuals with disabilities will be eligible for tax-advantaged ABLE accounts in 2026

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December 29, 2025

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Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar to saving for college expenses with a Section 529 plan? Achieving a Better Life Experience (ABLE) accounts can help fund qualified disability expenses for an eligible beneficiary. The SECURE 2.0 Act, signed into law in […]

#FinancialPlanning, #IndividualTaxPlanning, #TaxPlanning

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Tax Planning

Avoiding inadvertent S corp termination

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December 23, 2025

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S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the strict requirements that apply to these entities, preserving S corporation status requires due diligence. Reap the benefits Like a traditional C corporation, an S corporation shields its shareholders from personal liability for the corporation’s […]

#BusinessTax, #SCorporation, #TaxPlanning

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Business Planning & Consulting

Unite your company’s sales team around a USP

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December 18, 2025

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For today’s small to midsize businesses, a strong sales function doesn’t start with scripts, software or even the most talented representatives. It begins with clarity — everyone doing the selling must be on the same page. One way to achieve such clarity is to formally define your company’s unique selling proposition (USP). This is typically a […]

#SalesStrategy, #UniqueSellingProposition, #USP

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Tax Planning

There’s still time to save 2025 taxes

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December 16, 2025

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Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31. Defer income and accelerate deductions Pushing income into the new year will reduce this year’s taxable income. If you’re expecting a bonus at work, for example, ask if […]

#TaxPlanning, #TaxSavings, #YearEndTaxPlanning

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Author: H&B

Bad reputation: Why you should perform adverse media screenings

When medical expenses are — and aren’t — tax deductible

SALT Digest Issue #5: Navigating U.S. Sales Tax

Consider these issues before providing (or reimbursing) mobile phones

Not all “business” expenses are tax deductible

A new year means new tax figures for individuals

More individuals with disabilities will be eligible for tax-advantaged ABLE accounts in 2026

Avoiding inadvertent S corp termination

Unite your company’s sales team around a USP

There’s still time to save 2025 taxes

A Comprehensive Approach to Goal-Based Financial Planning