Tag: tax advice for 2025

As April 15th approaches, many taxpayers feel pressure to finalize their return — even when key information is still outstanding. The good news? Filing an extension can provide valuable breathing room without losing control of your tax position. An extension can give you additional time to file your 2025 tax return, while still allowing you to make a timely payment toward: any estimated balance due for 2025, and your first…  Read more

The answer, of course, is “it depends”—and it’s neither quick nor easy. As with most tax questions, the real answer depends on your specific facts, your goals, and the tax law itself. And in this case, the law is the One Big Beautiful Bill Act (OBBBA), Public Law 119-21 passed in July 2025. Since its passage, our office has spent countless hours ⏰ attending in-depth seminars devoted entirely to the…  Read more

Great question! Right now IS tax planning season.📅. We are meeting with clients and prospective clients every day, working to rearrange budgets shifting funds from 2025 estimate #4 💸 into tax-advantaged investments 💰. While there are no quick answers — and we always say “it depends” 🤷‍♀️ and “it’s not quick or easy” — there may still be opportunities out there for you. ✨ The key is to review your…  Read more

By now you know your quick questions take a minute to ask and our quick answer is “It depends”.  We already know, in order to get a valuable, actionable answer/plan we need to determine several things, including short-term and long-term goals and expected exit strategy. Starting a new business, or expanding your existing business is exciting 🎉, but one of the first steps—choosing your business structure—is often confusing, and working…  Read more

Our answer to most tax related questions, of course, is “it depends”; like most things tax-related, the answer is tailored to each client’s circumstances and goals.  Since it’s passing  our office has spent countless hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21. We’ve been learning the law and discussing how to educate our clients (and ourselves). Working up tax planning and tax minimization…  Read more

The answer, of course, is “it depends” — and it’s not quick or easy.  Like most things tax-related, the answer is tailored to each client’s circumstances and goals AND of course the tax law! Over the past few weeks, our office has spent 20+++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21.  We’ve been learning the law and discussing how…  Read more

The answer, of course, is “it depends” — and it’s not quick or easy. Like most things tax-related, the answer is tailored to each client’s circumstances and goals.  Over the past few weeks, our office has spent 20++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21. We’ve been learning the law and discussing how to educate our clients (and ourselves). Working…  Read more

The answers to these “quick and not so quick questions are never quick or easy.  Our answers are always based upon the situation, tailored to each client, their circumstances, and their goals AND of course the tax law!🙃 Over the past few weeks, our office has spent 20+++ hours attending seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21.  We’ve been  learning the…  Read more

The answer is of course not quick or easy and is always tailored to each client — your circumstances, your goals, your timeline. 💡 Just this week and last, our office spent over 20 hours attending tax seminars focused entirely on the newly passed One Big Beautiful Bill Act (OBBBA), Public Law 119-21  — yes, it’s BIG and so are the opportunities for tax savings, even as early as tax…  Read more

🔍 Yes, it’s that time again—time to review your year-to-date income and profitability results as we calculate 2025 estimate #2 due Monday June 16th.  Let’s put a positive spin on this exercise. 😊 It’s an opportunity to determine your 2025 tax liability, schedule an appointment with us so we can help you create or update your tax plan. Don’t forget to include a cash flow review and a business operations…  Read more

In last week’s blog I mentioned we were updating our website using the “slash and burn” method as we like to refer to edits or  our “less is more” approach to simplification… the review and edits have begun.  You can still find this week’s blog at the bottom of our home page; prior blogs are now in the “Latest News” Tab (we have eliminated the newsletters, Covid-19 sections and trimmed down our videos to…  Read more

How lucky we were to have such beautiful 60-degree weather this week; I continued to be able to take barefoot walks on the beach each morning…until this morning when the temperature here “plummeted” to 48 degrees (probably what is to be expected for a late October morning).  It was still so nice to be able to get out with layers of fleece, a down vest, hat and SNEAKERS!  This week…  Read more