Tax Planning Archives

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.

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.

Two professionals in business attire discuss financial strategies in a modern office setting—symbolizing the importance of early planning and advisory when managing Net Investment Income Tax (NIIT) during major liquidity events.

Liquidity Events and the NIIT Tax Rate: How to Manage the 3.8% Surtax

Smart strategies to minimize the 3.8% surtax.

Consumer Interest Tax Deductibility in 2025: What You Can and Can’t Deduct

Car loan interest is now tax-deductible for eligible taxpayers under rules in effect through 2028. Learn what qualifies, what doesn’t, and how to make sure you meet the requirements.

Overhead view of a businesswoman analyzing financial documents at a home office—illustrating how entrepreneurs can use contribution margin insights to evaluate profit drivers and control costs.

Contribution Margin on an Income Statement

Understand how the contribution margin on an income statement helps business owners make smarter decisions.

Image of paperwork on a table with a calculator on top.

2025 Tax Brackets: A Guide to New Income Thresholds & Deductions

Learn how the updated 2025 tax brackets and standard deduction increases impact your federal tax rate.

Two startup founders collaborate on a go-to-market strategy—capturing the high-stakes planning tech entrepreneurs must undertake in response to the OBBB’s new tax and regulatory landscape.

How the One Big Beautiful Bill Impacts Venture Tech

Explore how the OBBB reshapes venture tech—from QSBS perks and AI rules to M&A trends, tax planning, and foreign entity restrictions.

Entrepreneur standing aside from her team at work around a conference table. Business owners everywhere stand to gain big from Trump's signature legislation, "One, Big, Beautiful Bill" (OBBB).

How the One Big Beautiful Bill Impacts Startups and Founders

The “One, Big, Beautiful Bill” introduces permanent tax breaks, expanded QSB stock rules, and 100% expensing. Learn how entrepreneurs can leverage it to reduce taxes and increase returns.

A focused accountant reviews documents and uses a calculator at her desk, illustrating the careful review and adjustments needed at period-end to ensure accurate financial statements.

Why Are Adjusting Entries Necessary? The Simple Answer

Discover why adjusting entries are the key to accurate financial reporting.

A close-up of a white calendar page, symbolizing key deadlines and timing considerations related to SECURE Act 2.0 provisions, such as required minimum distributions and the 10-year rule for inherited IRAs.

How to Help Clients Minimize Taxes with the Secure Act 2.0

Explore the changes brought by SECURE Act 2.0, including the elimination of stretch IRAs. Learn alternative tax-efficient strategies for managing inherited retirement assets, including Roth conversions, charitable trusts, and life insurance solutions to minimize tax burden.