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Getting Divorced? Consider Taxes When Splitting Up Retirement Accounts

Divorce is a major life event that can have significant personal and financial consequences. In addition to addressing family and emotional concerns, you’ll need to determine whether your assets are divided equitably. When assessing the…
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Self-Employed? You May Be Eligible for the Home Office Deduction

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer’s convenience. But such deductions were suspended for 2018…
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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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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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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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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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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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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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