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Plain-language guidance on tax preparation, bookkeeping, financial planning, and business decisions.
Latest guidance
Articles and practical updates
Use these articles to prepare better questions for your accountant.
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The kiddie tax: what families should know
Investment income in a child’s name can create a filing requirement—and may be taxed using a parent’s rate.
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Employee or contractor? Check the working relationship
The label in a contract is less important than the facts of how the work is controlled and performed.
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The mom-and-pop rental exception
A rental loss is usually passive, but active participation may let some small landlords use a limited loss against other income.
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Home office deductions: qualifying use and useful records
A desk at home does not automatically create a deduction; the use of the space matters.
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What business advisory services actually do
Advisory turns accounting information into a decision process: what changed, why it matters, and what the owner should evaluate next.
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Estimated tax payments: build a quarterly checkpoint
Business and investment income can create a payment obligation before the annual return is due.
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What your monthly books should tell you
Accurate books are useful for more than filing. They should help you understand what happened and decide what to do next.
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When to revisit your paycheck withholding
A short withholding check after a life or income change can prevent a painful balance due.
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A practical recordkeeping rhythm
A simple weekly, monthly, and quarterly routine for keeping business records current and useful.
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