Plumbers, electricians, HVAC technicians, landscapers, painters, cleaning services, roofers, and other home service providers are the backbone of the local economy. They are also some of the most underserved small business owners when it comes to financial guidance. If you run a home service business, here is what you need to understand about accounting and … Read More
Tax
Trump Accounts: What Every Family Needs to Know
A new category of tax-advantaged savings account for American children officially launched July 4, 2026. Established by the One Big Beautiful Bill signed into law in 2025, Trump Accounts give every eligible American child a $1,000 government-funded head start in the stock market. The official source for information and enrollment is trumpaccounts.gov. Here is what … Read More
Mid-Year Tax Planning Checklist for Small Business Owners
Most small business owners think about taxes once a year: in April, when the deadline is breathing down their neck. The result is missed deductions, underpaid estimates, and last-minute scrambling. July is the ideal time to step back, review where your business stands, and make adjustments that can meaningfully reduce your tax bill before December … Read More
10 Small Business Tax Deductions You’re Probably Missing in 2026
Most small business owners overpay their taxes every year. Not because they are doing anything wrong, but because they simply do not know which deductions they are entitled to. The IRS does not send you a reminder about write-offs you missed. That is our job as your CPA. Here are 10 commonly overlooked tax deductions … Read More
Understanding Individual Federal Estimated Tax Payments: A Guide for Taxpayers
As a taxpayer, ensuring you meet your federal tax obligations is crucial to avoiding penalties and staying compliant with the IRS. For individuals who earn income that isn’t subject to withholding—such as freelancers, self-employed individuals, investors, or small business owners—making federal estimated tax payments is often necessary. In this post, we’ll break down what estimated … Read More
Small Business Accounting for LLCs: Understanding the Basics and Tax Implications
Running a small business as a Limited Liability Company (LLC) comes with many benefits, including flexibility in taxation and liability protection. However, managing the accounting for an LLC requires a clear understanding of key financial concepts—assets, liabilities, equity, revenue, cost of goods sold (COGS), expenses, and net income—and how these elements flow into your income … Read More
A PORSCHE FOR YOU!
In 2023, Shohei Ohtani, the celebrated Dodger, bestowed a Porsche upon Ashley Kelly, wife of his teammate, in a gesture of gratitude. Ashley played a pivotal role in Ohtani’s decision to join the Dodgers, notably by offering her husband’s jersey number, 17, to him. Regarding the taxation of such gifts: Under IRS guidelines, the responsibility … Read More