How the Social Security wage base will affect your payroll taxes in 2026

The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal … [Read more...]

Keep packages safe from theft this holiday season

In 2024, a whopping 22.4 billion parcels were shipped in the United States, according to shipping management vendor Pitney Bowes. The average American received … [Read more...]

Year-end tax planning for accrual-basis taxpayers

Projecting your business’s income for this year and next can allow you to time income and deductible expenses to your tax advantage. It’s generally better to … [Read more...]

What are Stay Interviews?

Question of the Week: Our CEO asked if we should be doing stay interviews. What are they? How do we do them? Answer: A stay interview is a simple, planned … [Read more...]

Is an HDHP plus an HSA a financially smart health care option for you?

Health care costs continue to increase. Pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA) can help. Insurance premiums will be … [Read more...]

Making the most of the new deduction for seniors

For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). … [Read more...]

Review your business expenses before year end

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and … [Read more...]

Boost your tax savings by donating appreciated stock instead of cash

Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate … [Read more...]

Should your business maximize deductions for real estate improvements now or spread them out?

Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — … [Read more...]