Harness Articles

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.

A group of professionals seated at a table, reviewing documents together—representing the collaborative planning often involved in setting up an Intentionally Defective Grantor Trust (IDGT) for strategic wealth transfer.

IDGTs Explained: A Powerful Trust Strategy for Tax-Efficient Wealth Transfer

Learn about the unique structure and implementation strategies that allow Intentionally Defective Grantor Trusts (IDGTs) to achieve efficient wealth transfer for high-net-worth families.

Two business partners reviewing financial documents and digital reports—symbolizing the critical due diligence required when structuring buy-sell agreements to avoid costly tax traps.

Tax Traps in Shareholder Buy-Sell Agreements (And How to Avoid Them)

Explore the key tax risks in shareholder buy-sell agreements, and how tax advisors can optimize structures and avoid expensive mistakes.

Father and daughter are sitting on the couch together. The One, Big, Beautiful Bill (OBBB), like other major life events, is a key time to review your financial planning as this legislation offers major, time-sensitive benefits for high-net-worth individuals to preserve wealth and reduce tax burden.

How the One Big Beautiful Bill Impacts High Net Worth Individuals

Explore how the One Big Beautiful Bill transforms wealth management. New exemptions and time-sensitive strategies.

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 — August 15, 2025

This week’s roundup includes major IRS leadership turnover, new deductions for car loans and R&D, plus how Trump’s tax law is impacting jobs, markets, and insurance coverage.

Close-up of a W-2 tax form with a pen resting on it—illustrating the importance of reviewing Box 12 codes for accurate income reporting and tax planning.

W2 Box 12 Codes Explained—A Simple Guide for 2025

Confused about what is Box 12 on W2? This 2025 guide breaks down every code, what it means for your taxes, and how to make sure your return is accurate.

A man and woman sitting at a table with a laptop, smiling as they review documents—representing small business owners tackling S Corp tax filings with confidence.

The Easy Guide to Form 1120-S Instructions for S Corps

Discover the essential components of Form 1120-S for S Corporations. Learn about filing requirements, tax planning strategies, and how to maximize deductions while avoiding common mistakes.

A stack of tax and finance magazines sits on a wooden surface, symbolizing the rapid flow of policy updates covered in the August 8, 2025 Tax Advisor Weekly. Topics include global tariff escalations, IRS enforcement priorities, and what’s ahead for retirement planning.

Tax Advisor Weekly — August 8, 2025

This week’s roundup explores Trump’s sweeping tariff moves, IRS enforcement targeting e-commerce and cash-only businesses, the new overtime pay deduction, and Social Security changes for 2025.

Three colleagues review documents in an office setting—illustrating how tax advisors are collaborating to interpret and communicate the wide-ranging effects of the One, Big, Beautiful Bill (OBBB).

How the One Big Beautiful Bill Impacts Tax Advisors

Explore how the One, Big, Beautiful Bill is changing tax law for good. From new deductions to Trump Accounts, advisors must rethink planning and communication.

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