News & Updates

From Passion to Profit: How to Stop Wearing All the Hats in Your Business As a small business owner, you likely started your venture with a passion—whether it’s crafting delicious recipes, building with your hands, caring for others, or working with animals. But over time, you may have found yourself desiring to stop wearing all […]

Demystifying Estate Planning: Wills, Trusts, and Essential Tips Estate planning can be a daunting topic for many, but it’s a crucial step in ensuring that your assets are managed and distributed according to your wishes. In my latest video, Demystifying Estate Planning: Wills vs. Estate Plans, Trusts, and More!, I cover key aspects of estate […]

401(k) Strategies for Small Business Owners As a small business owner, you’re likely accustomed to reinvesting your earnings back into your business, hoping that the payoff will come when you sell it at retirement. However, statistics show that only 30-40% of businesses that are listed for sale actually find a buyer. The same goes for […]

A New Temporary Break for Overtime Workers If you’ve ever worked extra hours to get ahead, there’s a brand-new reason to smile. Beginning in 2025, the Big Beautiful Tax Bill introduces a temporary tax break that makes overtime pay tax-free—up to a point. This new rule runs from 2025 through 2028 and allows qualifying taxpayers […]

If you earn tips as part of your regular income, there’s a new tax rule coming that could make a real difference in your take-home pay. Beginning in 2025, qualifying workers in industries where tips are regular and customary may be able to exclude up to $25,000 in tips from taxable income each year. This […]

As entrepreneurs, we should fail every single day, but we often chase perfection. We want every launch, hire, and idea to be flawless. But here’s the truth — success doesn’t come from avoiding failure; it comes from embracing it. When you fail, you learn. And when you learn faster than everyone else, you grow faster, […]

When you hear “Research & Development,” what comes to mind?If you’re picturing scientists in lab coats, bubbling beakers, and million-dollar labs — you’re not alone. But here’s the truth: the R&D Tax Credit applies to far more businesses than most realize.From steel mills and software companies to bakeries and breweries, innovation looks different in every […]

Many investors assume that buying property in an Opportunity Zone (OZ) automatically provides a tax break. Unfortunately, that’s not the case. To benefit from OZ incentives, you must invest through a Qualified Opportunity Zone Fund using capital gains. Let’s break down the rules and the real tax benefits. Why You Need a Qualified Opportunity Zone […]

Opportunity Zone Funds have been one of the most powerful tools for investors since they were created under the 2017 Tax Cuts and Jobs Act. They allow you to defer capital gains, potentially eliminate taxes on new growth, and at the same time, invest in communities that need it most. But as with most tax […]

Many small business owners loan money to their business at some point — whether it’s to cover startup costs, manage cash flow, or fund growth. But here’s the problem: most don’t realize that failing to properly document these loans can put both their business and personal assets at risk. If the IRS ever reviews your […]

Getting laid off is one of the most stressful situations anyone can face. Beyond the immediate concerns of finding new work and managing day-to-day expenses, there’s often a big financial question hanging over your head: What should you do with your 401(k)? For many, a retirement account is one of their largest assets. Unfortunately, it’s […]