Articles

Government building façade with multiple national flags flying in front, evoking the imagery of federal authority, national closure, and institutional powers.

Tax Advisor Weekly — October 3, 2025

This week’s roundup covers a government shutdown, Trump’s tariffs on movies, ACA premium tax credits, new truck and furniture tariffs, and Amazon’s tax-deductible FTC settlement.

Harness Selected for AWS x Meta Llama AI Program to Accelerate AI Innovation for Tax Advisors

Harness joins the AWS x Meta Llama AI Program to accelerate AI innovation for tax advisors, pioneering new use cases and shaping the future of AI.

When Should an LLC Become an S-Corp? The $80K Rule Explained

Curious when to elect S-Corp status for your LLC? Learn how the $80K income rule affects tax savings, compliance, and whether this structure is right for your business.

Close-up of accountant using laptop and calculator with digital tax icons.

Tax Advisor Weekly — September 26, 2025

This week’s roundup covers the projected 2026 Social Security increase, IRS phasing out paper refund checks, expiring home energy credits, inflation’s test of the Fed, and expanding tip‑tax clarity.

A mother leans over to help her young son with homework at the kitchen table, representing how 529 plan savings can support a child’s future education.

10 Rules for Superfunding a 529 Plan in 2025

Our guide details the 10 essential rules for superfunding a 529 plan in 2025, helping you transfer wealth and secure your child's education.

A desk covered with tax forms and economic forecasts reflects the rapid policy shifts of August 15, 2025. This week’s roundup includes IRS turnover, domestic R&D hiring boosts, and early winners and losers from the OB3 tax law.

Tax Advisor Weekly — September 19, 2025

This week’s roundup covers Gen X’s wealth-building gap, new IRS rules targeting crypto payroll and cash businesses, a $141K tax-free retirement strategy, and a deepening debt vs. equity tax crackdown.

Harness Named to the Inc. 5000 List of America’s Fastest-Growing Private Companies for Second Straight Year

Inc. magazine announced that Harness has again been named to the Inc. 5000 list, which highlights some of the nation’s fastest growing companies. 2025 marks the second consecutive year Harness has earned a spot.

A professional woman in a modern office setting attentively listens during a discussion—symbolizing the importance of expert tax guidance when navigating inheritance strategies like the Step-Up in Basis.

What is a Step Up in Basis?

Understand the Step-Up in Basis provision and how to use it effectively to preserve a client’s inherited wealth.

Flat lay of tax documents including W‑2 and W‑4 forms, with a calculator and pen—highlighting upcoming tax form complexity under 2026 payroll changes.

Tax Advisor Weekly — September 12, 2025

This week’s roundup covers new W-2 and W-4 changes under the OB3 Act, Supreme Court escalation over Trump’s tariffs, and deep downward jobs revisions raising concerns about economic health.

IRA Recharacterization Deadline 2025 – Rules, October 15 Cut-Off & How-To Guide

An essential guide to IRA recharacterization for the 2025 tax year, including key deadlines, rules, and strategies to optimize your retirement savings.