deepdive.

2025 brought significant changes to pension contributions by introducing an additional catch-up amount for taxpayers aged 60 through 63, followed in 2026 with a requirement that catch-up contributions for higher income taxpayers mandatorily be Roth contributions.

As people begin to have their 2025 tax returns prepared, this is a reminder to avoid unethical ghost tax return preparers whose sloppy, uneducated or fraudulently prepared returns could cause you to miss out on the many new tax deductions and leave you holding the bag if the IRS comes knocking. Who are you going to call then?

Most business owners track revenue closely — but overlook the number that actually determines sustainability. Here’s why gross margin matters more than you think, and why it’s a CFO advisory conversation worth having.

In recent years, the financial landscape has seen tremendous shifts, with rising participation in the gig economy and increased online sales activities. Accompanying these changes is the heightened need for transparent income reporting. One tool designed to aid in this pursuit is Form 1099-K, which has become a crucial part of tax documentation for many individuals and businesses.

Your business is profitable, but cash feels tight. Discover how tax timing, debt, owner compensation, and entity structure can quietly drain cash flow.

Scholarships and grants are essential for many student-athletes, providing financial support for tuition, fees, and other educational expenses, plus student-athletes, thanks to some recent court cases, can now receive both NIL income and direct payments from colleges. The tax treatment of these types of income can vary.

Beneath the surface of the One Big Beautiful Bill Act’s touted benefits lies a complex web of provisions that may not deliver on all political promises, especially no tax on Social Security, tips and overtime.

Inflation hangover, payroll creep, tariffs, subscriptions, and tax surprises are draining SMB cash flow. Learn what to watch and how to respond.

Modified Adjusted Gross Income (MAGI) often emerges as a silent yet powerful factor that can dramatically influence a taxpayer’s tax outcomes. This amount, which determines eligibility for key tax benefits, can stealthily transform anticipated tax savings into liabilities, leading to what is commonly referred to as a "tax torpedo."

Navigating the complexities of drug and alcohol addiction poses not only profound personal and health challenges but also significant financial and tax-related hurdles. As individuals strive towards recovery, understanding the intricate web of tax issues becomes crucial in managing the economic impact of addiction.