One Big Beautiful Bill Act: What You Need to Know and Plan For Now

OBBBA-optimizing your tax situation

The comprehensive tax legislation signed on July 4th brings major changes affecting your 2025 taxes and beyond. From permanent lower tax rates and enhanced standard deductions to new credits for families and special deductions for seniors, these provisions create significant planning opportunities—but only if you act now.

The Truth About the “Big, Beautiful” Tax Bill and Social Security Benefits

Tax Break for Seniors Under New Social Security Tax Rules

If you’ve seen recent headlines—or even received an email from the Social Security Administration—you might be wondering whether Social Security benefits are now completely tax-free under the newly passed One Big, Beautiful Bill. Some messages have claimed that nearly 90% of recipients will no longer owe any federal income tax on their benefits. That would […]

Tariffs and the Economy: What Business Owners Should Do Now

Staying Ready When the Economy’s Unclear

Tariffs and the economy are hot topics right now. Economic indicators are mixed. Whether we’re heading into a recession or continuing in a strong market, small and mid-sized businesses can control the anxiety by focusing on cash flow. Now is the time to tighten operations, protect your margins, and preserve working capital. You don’t need […]

Report of Foreign Bank and Financial Accounts

Foreign Asset Reporting for U.S. Taxpayers

Taxpayers with foreign financial accounts have specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Whether you’re a U.S. citizen, green card holder, or resident alien, the IRS requires detailed reporting on certain foreign accounts, investments, and transactions. Failing to report foreign assets properly can lead to […]