Many small business owners want to give back by supporting causes that are important to them. Enter charitable donations – a way to give back while building trust with customers and employees, improving your brand visibility in the community, and lowering your tax...
Rob Yeend
How the One Big Beautiful Bill is Changing College 529 Plans
American families have long relied on 529 plans to save for their children's college education. Now that the One Big Beautiful Bill (OBBB) has been signed into law, significant updates are set to launch. Whether you’re just starting a 529 or already have one in place,...
How Trump’s One Big Beautiful Bill Could Impact Social Security Taxes for Seniors
The newly passed One Big Beautiful Bill (OBBB) has stirred considerable interest, especially regarding Social Security, and there has been some confusion about whether the bill eliminates taxes on Social Security. While President Trump himself has said that it does,...
Maximize Your Retirement Nest Egg: Lesser-Known Advantages of 401(k)s
A 401(k) fund tends to be a passive piece of an employee’s retirement plan—automatic contributions, company match, and occasional check-ins. But if you haven’t reviewed your plan recently, you might be missing out on some newer features that can significantly enhance...
How the IRS Is Cracking Down on Venmo, PayPal, and CashApp in 2025
If you get paid through PayPal, Venmo, or CashApp for freelance work, side gigs, or online reselling, it’s important to know how IRS rules are changing in 2025. With stricter reporting requirements taking effect, even a small amount of side income could lead to tax...
Why More Americans Are Converting to Roth IRAs in Today’s Unpredictable Market
With the economy facing ups and downs—from rising interest rates to inflation and global trade issues—many Americans are reevaluating how they plan for retirement. One option that more people are exploring is converting traditional retirement accounts to a Roth IRA....
Social Security Fairness Act: What Retirees Need to Know About Retroactive Payments and Taxes
The Social Security Fairness Act of 2025 restores benefits to retirees affected by WEP and GPO, providing many with retroactive Social Security payments. However, these lump-sum payments can significantly impact taxable income, potentially pushing recipients into a higher tax bracket. Understanding the tax implications and exploring strategies like the IRS lump-sum election can help retirees minimize their tax burden.
