Tax Strategy Blog for Business Owners

Starting with the 2025 tax year, the IRS is officially turning on a new spotlight for digital assets: Form 1099-DA. If you use centralized exchanges, hosted wallets, or payment processors to buy, sell, or spend crypto, you can expect this new form to land in your inbox in early 2026—along with a lot more attention […]

Your family decisions have tax deadlines. Most people find out in April, when it's too late to do anything about it. The IRS uses one day to decide whether you're married for the whole year: December 31. It uses the calendar year to decide whose bracket a dollar lands in. A few moves before the […]

If you own a business that isn't a C corporation, the QBI deduction lets you deduct up to 20% of its profit. For many owners it happens automatically. For others, it shrinks or disappears, and what decides that is your taxable income for the year. That's why the QBI deduction is a year-end issue. Your […]

New to crypto tax terms? Explore our quick-reference Crypto Tax Glossary for Business Owners to understand key concepts before diving in. 2025 has been a big year for cryptocurrency. If you’ve held Bitcoin or other digital assets through new highs, your portfolio might look great on paper—but that also means a bigger potential tax bill. […]

If you run a small business with fewer than 50 employees, your 2025 year-end medical plan strategies can make a big difference in how much tax you pay and how well you take care of your team. The law doesn’t force you to offer a health plan if you have under 50 employees – but […]

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: […]

When taxes draw blood, that’s usually the tipping point. For most people, it takes that one painful moment before they finally get serious about tax strategy for business owners. Like having to come up with $35K you’d saved for your child’s college tuition…Or getting slapped with a $140K tax bill at 5 p.m. the day […]

Bonus depreciation tax strategy can save both high-earning W-2s and business owners a LOT on taxes. However, it can be done wrong. The Wrong Way to Approach Bonus Depreciation Tax Strategy NO. NO. NO. NO. The Right Way to Apply Bonus Depreciation Tax Strategy NOW make the call to your tax strategist.  NOW.  Then take […]

Bonus depreciation class rule is something most business owners don’t hear about until it’s too late. Imagine this: you finally buy the big SUV for your company — $85,000. Perfect for client visits and hauling supplies. And yes, because it weighs over 6,000 lbs and is used 100% for business, you can write it off […]