If you are considering skipping out on estate planning due to the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in 2025), you might want to reconsider. Even with such a high exemption, establishing a living trust can still provide valuable advantages – particularly if you’re looking to […]

If you or your employee are traveling for business this summer, it’s essential to know which travel expenses are deductible under current tax rules. To qualify, the trip must be necessary for business purposes and involve an overnight stay within the U.S. One key point: Under the Tax Cuts and Jobs Act, employees cannot deduct […]

As a family business owner, determining the future of the business can be a complicated process considering the business also holds sentimental value to the family. If you are running a business and want to keep the business in the family, you will want to address how to incorporate estate planning with succession planning. Question […]

As digital assets such as cryptocurrencies become more popular, it is important to stay compliant with the IRS guidelines with reporting these transactions on your tax returns. The definition of digital assets Digital assets are defined by the IRS as any digital representation of value that’s recorded on a cryptographically secured distributed ledger (also known […]

The IRS has released new contribution amounts for employees for 2026 Health Savings Accounts. These amounts are adjusted for inflation and will allow employees to save more in their HSA accounts. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” […]

$1 million in available tax credits will be released and become available on a first come first served basis. Historically, these credits will go fast so you should submit your application as soon as possible but no later than July 7th. The Endow Kentucky Tax Credit allows Kentucky income taxpayers (individuals and businesses) to receive […]

Developing a marketing strategy isn’t a one-time effort. As you’ve likely seen, staying connected with your audience requires regular updates to reflect shifts in the economy, the competitive landscape, and changing customer expectations. Here’s a high-level overview of how to refine your strategy and ensure it continues to deliver results. Refine target selection Consider each […]

The gig economy offers flexibility, independence, and unique income opportunities — but it also comes with unique tax responsibilities that often catch workers by surprise. Whether you’re delivering food, driving for a rideshare app, selling online, or offering services like tutoring or dog walking, it’s essential to understand how gig work impacts your taxes so […]

In today’s business climate many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. While this approach can offer flexibility and financial advantages, it also brings risks if not handled correctly. Improperly classifying a worker as an independent contractor instead of an employee can lead to IRS […]