1. My Transylvanian Roots: Lessons in Resilience As a tax partner for business owners, I often get asked where my no-fear attitude toward the IRS comes from. I was born in Transylvania, Romania — yes, that Transylvania. A region that’s been conquered, partitioned, rebuilt more times than I can count. The people there are survivors: […]
AI data security for accounting firms matters—and clients are asking smart questions about privacy, transparency, and impersonation risks (see recent Talker Research findings). We want to be proactive and clear about how we handle security at our firm. AI data security for accounting firms - What consumers are worried about (and why it matters) I […]
Congress loves acronyms, and this year two of them can make quite an impact on the business owner’s wallet: Opportunity Zones (OZs) and Energy Community Zones (ECs). When comparing Opportunity Zones vs Energy Community Zones, it’s easy to mix them up. Yet, each offers a distinct path to lower your taxes — one through reinvestment […]
1031 Exchange Case Study: Here’s how a high-income business owner used a 1031 exchange to turn one underperforming property into four diversified, passive income streams—while deferring over $1.1M in taxable gains and saving roughly $358K in immediate taxes. Investor Profile Before the Exchange The problem: Too much equity concentrated in one asset and one location, […]
“Taxes are your greatest wealth-building expense.” And that’s why I chose tax strategy as my life’s work. I thought about what to write you today. What to say about taxes—on the day before the 4th of July—while we’re on the brink of a potentially sweeping tax bill, and in the middle of an era marked […]
Why Key Man Insurance Matters If your business relies heavily on one or two people to generate revenue, hold key relationships, or drive strategy — this is a question you have to ask yourself: What happens to your company if a key person dies or becomes permanently disabled? It happens. It’s unexpected. And it can […]
Small Business Health Insurance Strategy and Tax Benefits Health benefits tax deduction is a powerful strategy for small business owners looking to reduce their tax burden and offer real value to their teams. When you offer health care benefits to your team, you’re not just being generous—you’re being strategic. The choice to offer benefits can […]
You’ve probably heard that if you drive your personal vehicle for business, you can deduct mileage. But here’s what most business owners don’t realize: There’s a hidden vehicle depreciation tax deduction built into every mile you drive. See, when you take the IRS standard mileage rate—or your S or C corp reimburses you for it—that […]
You may have seen headlines recently about something called the “One Big Beautiful Tax Bill.” (We had two emails on it last week.) This bill has been labeled as either a much-needed economic catalyst and a fiscal time bomb. But here’s the truth: the bill itself isn’t the real issue. The U.S. has been on […]