The National Taxpayer Advocate issued a major alert stating that tens of millions of taxpayers may be entitled to refunds or abatements of penalties and interest assessed during the COVID-19 federal disaster period from 2020-2023. We’ve outlined the steps ...
S-Corp Basis: How Financing Creates Tax Traps And How to Fix Them In 2026
You just financed $150,000 of equipment for your construction business. With 100% bonus depreciation back now, you can write off the entire purchase this year. Great news, right?Not so fast.If you're an S corporation owner who took distributions this year ...
Unlock Hidden Deductions: The 7-Day Short-Term Rental Tax Strategy Explained
Real estate is one of the best investment vehicles in my opinion. I just love owning something tangible, something you can improve and something you can leverage other people to help pay for both with getting leverage on lending and by having tenants usin ...
Unlock $200K in Deductions: Why Western Washington Investors Are Moving Fast Before 2026
There’s a powerful tax strategy that many real estate investors overlook—one that can unlock $50,000 to $200,000 in first-year tax deductions on properties worth $750,000 or more.It’s called a cost segregation study, and if you own investment property in ...
Tax Planning Made Simple: Why Filing Alone Isn’t Enough
It's Halloween season, which means it's time to talk about something truly terrifying: business owners who think their CPA is protecting them... but really isn't.You know what's scarier than ghosts, goblins, and things that go bump in the night? Discoveri ...
S-Corp vs LLC: How to Slay the $50K Tax Monster
The Tax Vampire That's Been Draining Your BusinessWhat's scarier than hyper kids roaming the streets in search of your Halloween candy? Opening your tax bill and realizing you've been feeding a $20,000-per-year self-employment tax monster hiding in your L ...
Kill Your Estimated Tax Penalties: The Business Owner’s Survival Guide
What’s scarier than a haunted house? Opening a letter from the IRS about estimated tax penalties. If you’re a business owner, estimated taxes can feel like that dog in your neighborhood that everyone’s afraid to walk past. Estimates show up four times a y ...
SALT Tax Deduction Increased: A Simple Change That Will Save You Thousands in 2025
The state and local tax (SALT) deduction landscape has dramatically shifted after the One Big Beautiful Bill was enacted on July 4th 2025, creating substantial tax savings opportunities for construction business owners, real estate investors, and high-inc ...
Stop Bleeding Money: Tax Strategies to Save Big in 2025
How smart tax planning can transform your creative business from cash-strapped to cash-flowing.If you're running a marketing or media consulting firm, you're in the business of making other companies profitable. But here's the truth: most creative agencie ...
Don’t Wait Until December: Why Q4 Tax Planning Could Save You Tens of Thousands
After doing this for over a decade I have come to recognize some stark differences in how clients approach their taxes and their wealth strategies. While most business owners are scrambling in December trying to find last-minute tax deductions, the smarte ...