by Lori Bowden | Aug 2, 2026 | Business, Newsletter, Tax
With year-end fast approaching, now is a good time to review strategies that could affect your business’s 2026 tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizing a...
by Lori Bowden | Aug 1, 2026 | Individuals, Newsletter, Tax
If you’re single with no children, an estate plan can help ensure your wishes will be carried out and important decisions remain in trusted hands. Without a will, state intestacy laws generally determine who inherits assets. While beneficiary designations may control...
by Lori Bowden | Jul 4, 2026 | Business, Newsletter
Offering employees retirement options can be an effective way for small business owners to attract and retain talent. If you’re concerned about cost and administrative complexity, you’re not alone. Fortunately, several options are available, including a Simplified...
by Lori Bowden | Jul 3, 2026 | Individuals, Newsletter, Tax
When you’re not using your vacation home, renting it out can generate extra income. But it can also affect your taxes, depending on how often you rent and use the property personally. The 14-Day Rule In some situations, renting out a vacation home can generate...
by Lori Bowden | Jul 2, 2026 | Individuals, Newsletter
An emergency fund is key to long-term financial security. Over time, changes in expenses, income, family needs and financial priorities can affect how much emergency savings you need. Regularly reviewing your reserves can help ensure they’re sufficient to support your...
by Lori Bowden | Jul 1, 2026 | Business, Newsletter, Tax
In most cases, you aren’t required to withhold taxes from payments to independent contractors. However, there are situations in which the “backup withholding” rules apply. Backup withholding is most commonly required when a contractor fails to provide a correct Social...
