The home office deduction: myths and must-knows
The home office deduction offers a valuable tax break for the self-employed, freelancers, and independent contractors. Learn about the deduction and how it may reduce your tax liability.
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Weinlander Fitzhugh
Practical strategies for managing a sudden financial gain
Are you equipped to handle a sudden financial gain? Learn four steps you can take to navigate tax planning and potential tax burdens associated with a financial windfall.
Financial analysis of leasing vs. purchasing a vehicle
Understanding the financial differences between leasing and purchasing a vehicle can save you a significant amount of money. This article provides a detailed breakdown to help you make an informed decision.
Expansion of energy tax credits under the Inflation Reduction Act
Discover how the IRA’s expanded energy tax credits offer substantial incentives for a range of projects, from solar power to energy storage. Delve into the specifics of these credits and learn how these changes can benefit project developers and innovators in the energy sector.
Navigating the new DOL guidance on worker classification
The U.S. Department of Labor’s new rule reinstates the “economic reality test” for distinguishing employees from independent contractors and underscores the significant legal and financial consequences of misclassification. This article provides an overview of the rule, its implications, and the steps employers must take to ensure their worker classifications are under the updated guidelines.
Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement
Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, and the strategic considerations for choosing between them. Learn about higher contribution limits, flexibility, and tax advantages these plans offer. Get insight into which plan best fits your retirement goals and business structure.
From partnerships to side gigs, who really owes self-employment taxes?
Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn how everyday activities could land you in the self-employment tax bracket and how to avoid potential penalties.
LLC liability: situations that could compromise your personal assets
Is your LLC really protecting your personal assets? Learn about the situations where an LLC may not fully safeguard your assets and discover practical measures to avoid them.
Team Member Advancements
We are excited to formally announce the following advancements within the Firm!
Understanding the Backdoor Roth IRA
Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective tool for you.