Tax Planning

Separating or divorcing this year? Consider these tax issues before year end

Separation and divorce can have tax consequences that are often overlooked. If you’re in the process of a split with your spouse, it’s important to understand how a legal separation or final divorce decree could affect your 2026 filing status and tax liability.
October 13, 2026
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Dissolving a marriage involves numerous financial and nonfinancial decisions, and tax considerations can easily fall by the wayside. But decisions made before your divorce is finalized can affect your current-year income tax liability and your tax situation in future years. Let’s look at some of the most critical tax issues to consider as you work […]
#DivorcePlanning, #DivorceTaxes, #TaxPlanning
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Tax Planning

Expecting a big revenue year? Consider tax moves before year end

If your business is booming, congratulations! Higher profits are great news, but don’t overlook your 2026 income tax obligations. Let’s explore ways to lower taxes and avoid tax-filing surprises.
October 12, 2026
H&B
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For most small business owners, strong revenue growth is something to celebrate. But a profitable year can also significantly increase your income tax liability. If your business is on track for a banner year, now is the time to evaluate tax-reduction strategies. Here’s some guidance for sole proprietors and owners of pass-through entities (such as […]
#businesstaxes, #SmallBusinessTax, #TaxPlanning
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Tax Planning

What higher 2026 AMT risk may mean for your year-end tax planning

Year-end tax planning strategies may warrant a review with the alternative minimum tax (AMT) in mind — even if you haven’t owed the AMT in recent years.
September 25, 2026
H&B
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Tax law changes taking effect this year will increase alternative minimum tax (AMT) risk for some higher-income taxpayers. If you may be affected, consider the AMT before implementing income or deduction timing strategies. A move that would reduce your 2026 regular tax might provide little or no benefit under the AMT — or could trigger […]
#AlternativeMinimumTax, #FinancialPlanning, #TaxPlanning
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Tax Planning

What are the tax implications of cryptocurrency transactions?

Got crypto? Small business owners should beware of tax surprises when dealing with cryptocurrencies.
September 24, 2026
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If your small business accepts, uses or invests in Bitcoin, Ethereum or other forms of cryptocurrency, accurate reporting and detailed records are critical for federal tax purposes. The IRS continues to scrutinize digital-asset transactions. Today, business tax returns include a question about digital assets, and brokers are now required to report certain transactions to taxpayers […]
#CryptoAccounting, #Cryptocurrency, #TaxPlanning
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Financial Planning

Restricted stock deserves attention before year end

Did you receive a restricted stock award in 2026? Or did your restricted stock shares vest? Or perhaps you sold vested shares? A “yes” answer to any of the questions requires careful tax planning, probably sooner rather than later.
September 16, 2026
H&B
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Executives and key employees often receive stock-based compensation in addition to salaries and bonuses. If restricted stock is part of your compensation, considering the potential tax consequences well before December 31 is a good idea. You may have decisions to make if: 1) you’ve recently received an award or are expecting one soon, 2) your […]
#FinancialPlanning, #RestrictedStock, #TaxPlanning
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