Whether managing personal finances or running a business, this article provides essential questions to ask your CPA for informed decision-making. Discuss everything from tax planning to retirement and succession planning. Stay on top of your financial game by making your CPA meetings count.

Basis-shifting transactions are under intense scrutiny by the IRS, and new regulations aim to curb these practices within partnerships. Even if your partnership isn't engaging in tax avoidance, the broad scope of these rules means you could still be affected. Learn what basis-shifting entails and how to prepare for these potential regulatory changes.

Are pre-startup costs deductible before your business officially launches? This article examines the tax rules and a recent court case that clarifies the issue, offering insights on how to maximize deductions.

Are you a business owner considering acquiring a vehicle? Uncover the hidden costs and benefits of leasing and buying, and find out which one is right for your business.

Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.

Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.

Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.

Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.

With the rise of legal sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.

Severe storms and flooding have significantly impacted multiple counties in Minnesota. The damage incurred has led to the President approving a Major Disaster Declaration for the state, leading to the provision of federal funding to aid recovery efforts.

The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.

Learn how to effectively plan and save for your child's higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.

Discover how the Department of Labor's recent expansion of overtime protections could impact your business. This article discusses the key changes and implications of the new regulations.

Set your financial targets for the year with this comprehensive guide that uses the SMART framework. Learn about strategies for debt repayment, evaluating your emergency fund, and early tax planning. If you need more guidance, our office is ready to provide personalized advice.

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.