by Kimberly Cosens | Dec 5, 2025 | Blog, Tax
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31. Defer income and accelerate deductions Pushing income into the new year will reduce this...
by Kimberly Cosens | Nov 6, 2025 | Blog, Business, Tax
Projecting your business’s income for this year and next can allow you to time income and deductible expenses to your tax advantage. t’s generally better to defer tax — unless you expect to be in a higher tax bracket next year. Timing income and expenses can be easier...
by Kimberly Cosens | Oct 16, 2025 | Blog, Tax
Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving into one, taxes are probably not on your mind. But there may be tax implications. Here are five possible tax breaks. 1....
by Kimberly Cosens | Aug 28, 2025 | Blog, Business, Tax
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one of your largest personal assets, and in many cases, part or all of it will be considered marital property....
by Kimberly Cosens | Apr 16, 2025 | Blog, Business, Tax
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation, the IRS can assess the trust fund recovery penalty, also called the 100% penalty,...
