In this episode, Director of Tax Services Angie Adames, CPA, shares new opportunities and some the common mistakes made by owners of rental and vacation properties.
Businesses in or relocating to California have two opportunities in 2026 to apply for more than $600 million in valuable California Competes Tax Credits (CCTC) that they may use over multiple years against the personal or corporate income taxes they pay to the state. The online application periods for fiscal year 2025-2026 are Jan. 5, […]
Social Security recipients, including senior citizens, widows and people with disabilities and special needs, will receive a 2.8 percent cost-of-living adjustment (COLA) to their benefits in 2026. The increase represents an additional $56 per month in payments for benefits that include Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI). The Social Security […]
In this episode, Director of Tax Services Christian Burgos, CMI, JD, LLM, shares details of Washington State’s new law that taxes a wide ranges of services, including advertising, software development and more.
Charitable giving is a great way to support causes that are important to you and your community while establishing a legacy of philanthropy for your family members to carry on long after you are gone. For some, it also allows them to reduce their tax bill by understanding some basic rules. Who Can Claim Charitable […]
In this episode, Director of Tax Services Patti Giarratano, CPA, explains the sections of the recent tax law change and how they could impact high-net-worth individuals.
The IRS released the annual inflation adjustments to more than 60 provisions of the tax code. Taxpayers will use these figures when filing their 2026 federal income tax returns in 2027. Income Tax Rates The income individuals use to determine how much tax they pay each year increases in 2026. However, unless taxpayers’ income rises […]
The IRS and Department of the Treasury recently issued final regulations concerning the SECURE Act that require certain high-income taxpayers’ 401(k) and 403(b) plan catch-up contributions to be designated as after-tax Roth contributions, beginning in tax year 2026. Background For more than two decades, individuals aged 50 and older have had the opportunity to supercharge […]
In this episode, Director of Transaction Advisory Services Fabio de Filippo, CPA, shares the importance of getting books in order when contemplating the sale of a business.
Under a new law that took effect on Oct. 1, 2025, the state of Washington is imposing and collecting retail sales tax on certain business activities that were previously exempt from taxation. Vendors providing services, such as advertising, IT support and temporary staffing, must prepare their businesses to comply with the law and begin collecting […]