As we reach the halfway point of 2026, now is an excellent time to review your tax withholding and estimated tax payments. Taking a few minutes to evaluate your current tax situation can help you avoid surprises at tax time and keep you on track for the rest of the year. For Individuals: Many life
Mid-Year Tax Withholding Check: Avoid Surprises Next Tax Season Read More »
Many business owners are surprised to receive letters or emails from the U.S. Census Bureau requesting participation in the Annual Business Survey (ABS) or other economic surveys. Because these notices often arrive unexpectedly, they are sometimes mistaken for marketing solicitations or scams. In many cases, however, the request is legitimate and participation may be required. What
Have You Received a U.S. Census Bureau Annual Survey Notice? Read More »
As business owners, many of you receive emails, postcards, and letters regarding annual filings, corporate compliance, labor law posters, beneficial ownership reporting, business licenses, and other filing requirements. While some of these notices may advertise legitimate services, many are sent by private companies—not government agencies—and can easily be mistaken for official notices. Common Examples Business
Beware of “Official-Looking” Business Compliance Solicitations Read More »
The second quarter estimated tax payment for tax year 2026 is due on June 15, 2026. Estimated tax payments are generally required for individuals who expect to owe at least $1,000 in federal income tax after withholding and credits. This commonly includes: – Self-employed individuals– Independent contractors– Gig workers– Rental property owners– Investors with significant income not subject to
Reminder: Q2 2026 Estimated Tax Payments Due June 15 Read More »
The U.S. Department of the Treasury recently launched the new Trump Accounts mobile app, giving families a centralized way to enroll in, activate, and manage Trump Accounts for eligible children. The app became available nationwide in late May 2026 and serves as the primary interface for the program ahead of its full rollout on July
New for 2026: The Trumps Account App is Now Available Read More »
One of the most common questions business owners ask is: “What’s the best way to pay myself?”. The answer depends largely on your business structure, profitability, tax situation, and long-term financial goals. Paying yourself incorrectly can lead to tax problems, cash flow issues, or compliance concerns — especially as your business grows. Different Business Structures Handle
What Business Owners Should Know About Owner Compensation Read More »
One of the most common financial frustrations for both business owners and individuals is feeling like there should be enough money available — yet the bank account says otherwise. A business may be profitable but still struggle to pay bills on time. Similarly, an individual may earn a good income but still feel constantly short
Understanding Why Cash Flow Problems Happen Even When You’re Making Money Read More »
Receiving a letter from the IRS can feel stressful for both individuals and business owners. Fortunately, most IRS notices are routine and can often be resolved quickly when handled promptly and correctly. The most important thing to remember: don’t ignore IRS correspondence. Why the IRS Sends Notices The IRS sends letters and notices for many reasons, including,
IRS Notices & Letters: What to Do When You Receive One Read More »
For decades, Washington has stood out as one of the few U.S. states without a personal income tax. That could change soon. In early 2026, state lawmakers introduced legislation proposing a new income tax on households earning over $1 million annually, often referred to as the “Millionaires Tax.” Key Details of the Proposal: If the proposed Washington State
Washington State May Introduce an Income Tax for Individuals: What You Should Know Read More »
If you’re planning any business travel this year — conferences, client meetings, networking events, or even scouting new opportunities — this is something you’ll want to review first. Business travel can create valuable tax deductions… but only when it’s handled correctly. We regularly see business owners miss deductions because they didn’t keep proper documentation — or
Traveling for Business? Read This First Read More »
