The cost of sending your child to college can be overwhelming. Tuition rates have skyrocketed in recent years. Add housing, food, books, supplies, transportation, and other expenses, and the total climbs even higher. Many students receive at least some financial aid, and your child’s chances to qualify for financial aid may be better than you …
Read more “Does College Financial Aid Count as Taxable Income?”
While much attention has focused on the One Big Beautiful Bill Act (OBBBA) business tax provisions, the legislation also delivers significant individual tax changes that directly impact business owners and their families. From enhanced estate planning opportunities to new temporary deductions, these personal tax modifications create both immediate benefits and long-term planning considerations that should …
Read more “How the One Big Beautiful Bill Act Affects Your Personal Taxes”
Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the deadline for making the first quarterly estimated tax payment for 2025 if you’re required to make one. Basic details You may have to make estimated …
Read more “An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing”
Understanding your business’s financial health is essential for long-term success. QuickBooks® offers a powerful reporting tool suite that can provide critical insights to support decision-making and help you comply with accounting and tax rules. Accrual-basis QuickBooks users should get in the habit of reviewing the following five reports monthly to keep their finances in check …
Dividing marital assets can be a long, complicated process, especially if a divorce case involves a private business interest. Failure to hire a business valuation professional — whether to try to save money or time — can prove disastrous in court. Complex valuation matters Business valuators can provide answers to five critical financial questions in …
Read more “Divorcing business owners can’t afford to skimp on valuation expertise”