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Category: Accounting News

Accounting News

How To Reduce the Cost of Your Childs College Education

If you’re the parent of a college-aged child, you already know how pricey higher education has become. According to EducationData.org’s Education Data Initiative (EDI), the average annual cost of college in the United States in…
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Accounting News

What’s the Right Entity Choice for Start-Ups Today?

Launching a start-up involves many decisions. Among the most important is choosing the right business structure for federal tax purposes. Last year’s One Big Beautiful Bill Act (OBBBA) made permanent and modified several provisions of…
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Accounting News

Estate Planning: Review Your Beneficiary Designations Regularly

You may think of a will or living trust as the primary place to dictate who’ll receive your assets after your death. But for many people, a large portion of their assets — perhaps even…
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Accounting News

Investing in a Limited Partnership? Beware of the PAL Rules

In businesses structured as limited partnerships, the advantage of being a limited partner (as opposed to a general partner) is that you’re typically not personally liable for the partnership’s debts. This is why many ventures use limited…
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Accounting News

2026 Midyear Tax Planning Tips for Individuals

Summer may feel far removed from tax-filing season. But for strategic taxpayers, it’s a great time to gather information and plot moves that may pay off when they file their 2026 return. Here are some…
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Accounting News

Midyear Tax Planning for Noncorporate Small Business Owners

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to the individual federal income tax regime…
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Accounting News

Tax Planning After the Loss of a Spouse

The death of a spouse is, first and foremost, a profound personal loss with intense emotional and psychological impact. But it can also bring about major financial changes at a difficult time. One that many…
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Accounting News

After-tax-day tips

It’s never too early to organize your tax documents With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your…
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Accounting News

Why Now Is a Good Time to Review Your Withholding

Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax planning. For example, if you receive a large refund or owe significant taxes for 2025, you can benefit from…
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Accounting News

4 Types of Deductible Interest Expense for Individuals

How can you deduct interest expense on your 2025 individual federal income tax return and beyond? Let us count the ways. Although personal interest expense isn’t deductible in general — for example, you can’t deduct…
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