by Megan Kosciolek, MST | Aug 13, 2025 | Blog, Business, Tax
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity and regulatory compliance obligations....
by Megan Kosciolek, MST | Jul 23, 2025 | Blog, Tax
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA not only...
by Megan Kosciolek, MST | Jun 12, 2025 | Uncategorized
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current...
by Megan Kosciolek, MST | Jun 5, 2025 | Blog, Estate Planning, Tax
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in 2025)? Well, think again. Even with this substantial exemption, creating a living...
by Megan Kosciolek, MST | May 13, 2025 | Blog, Business, Tax
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income in later years. Who qualifies? The net operating loss (NOL) deduction levels the...
