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Should Your Business Pay You Rent? Smart Tax Strategies for Small Business Owners Who Own Property
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Ever wondered if you can charge your business rent for using your home office? Or if it’s better to move your office into an LLC you own? Maybe you’ve asked your CPA questions like:
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2025 Tax Law Update: The Biggest Changes for Individuals
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On July 4, 2025, the One Big Beautiful Bill (OBBB)—officially called the 2025 Tax Act—was signed into law. This sweeping legislation brings major updates to individual taxation. While some provisions are extensions of past rules, others introduce brand-new opportunities and considerations for taxpayers. Here’s a breakdown of the most impactful changes and how they may…
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Don’t Leave Money on the Table: The Overlooked Value of Carryforward Losses and Excess Home Office Deductions
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When it comes to maximizing tax savings, few areas are more commonly overlooked than carryforward losses and excess home office deduction carry-forwards. These hidden assets can dramatically reduce future tax bills—yet many taxpayers either forget about them or fail to track them properly. Understanding how these carry-forwards work and when they can be applied can…
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Is Your Rental an Investment or a Business? The Tax Differences That Matter
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Determining whether your rental property should be reported as an investment or as part of an active business can have far-reaching tax and financial implications.
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Filing is a Deadline—Tax Planning is a Strategy
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If you’re only filing taxes and not planning them, you’re likely leaving money on the table. A tax plan isn’t a set of forms—it’s a proactive roadmap to reducing your tax liability, keeping more of your hard-earned income, and aligning financial decisions with long-term goals.
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Do You Need to Charge Sales Tax on Services? Understanding What’s Taxable in Texas
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In Texas, sales tax applies broadly to the sale of tangible personal property and to specific taxable services listed in the Texas Tax Code. In general, materials and products including sales of digital products are taxable in Texas, while labor charges for services—such as consulting, fitness training, nutrition and counseling, real estate agent commissions, or…
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Your Financial Support System: The Roles of a CPA, Bookkeeper, and Wealth Advisor
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Think of your financial team the same way you think of your healthcare team — you wouldn’t ask a dermatologist to set a broken bone or expect your primary care doctor to perform heart surgery. Each specialist has a specific role. In the same way, a CPA, bookkeeper, and financial advisor each provide expertise in…
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The Health Insurance Deduction for Self-Employed
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This deduction allows you to reduce your federal taxable income by the cost of certain insurance premiums — even if the policy isn’t in the business’s name.
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How to Avoid Surprise Tax Bills with the Premium Tax Credit
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The premium tax credit (PTC) is designed to make health insurance affordable, but if your income is higher than expected or your life changes, you may have to repay part or all of that credit with you file your tax return.
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Tax Strategies for Rental Real Estate Owners: 2025 and Beyond
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Whether you’re optimizing a single family home rental or scaling a portfolio of furnished Airbnbs, the best tax strategy depends on how your properties are used, how long you plan to hold them, and how actively you’re involved.
