INSIGHTS
We See Things Differently
When we’re not addressing clients’ needs for business and financial advisory, assurance or tax matters, we’re researching, learning and thinking about related subjects. Check out some of our thinking on a broad variety of topics that may impact your organization. And if you’d like to learn more about any of these topics, we’re always happy to talk.
Looking Ahead: Key 2026 Tax & Financial Trends to Watch
Here’s what should be on your radar for 2026.
Business Year-End Planning Checklist: 5 Essential Steps
Before December 31st: Complete the year-end planning checklist for your business.
New Retirement Rules for High Earners: What You Need to Know About the SECURE 2.0 Act
Roth rules are changing for high earners over 50—here’s what the 2026 IRS delay means for your retirement.
Maryland Tax Law Changes Now in Effect: What Individual Taxpayers Need to Know
Maryland's tax structure has undergone several modifications that may impact individuals
Individual Tax Prep Questionnaire and Organizer
Download our Individual Tax Prep Questionnaire and Organizer to help simplify your tax filing process.
Individual Tax Prep Checklist
Be ready for your taxes! We’ve put together a checklist of everything you may need to make this year’s taxes fast and easy.
What Are the 2025 Tax Deadlines for Businesses?
Here are the 2025 tax deadlines for businesses you need to be aware of.
What Are the 2025 Individual Income Tax Deadlines
While the official deadline to file your 2025 taxes is April 15, 2025, there are a few key dates you should be aware of to avoid penalties and ensure a smooth tax filing process.
When Are Gift & Estate Taxes Due?
Are you aware of the deadlines for gift and estate taxes? Unlike traditional tax schedules, gift, estate, and inheritance taxes don’t have a specific day each year that they are due, making it easy to accidentally miss a deadline resulting in penalties or late fees.
What You Need to Know About Filing a Tax Extension
Filing taxes can be stressful, and even well-prepared individuals may need more time. Opting for a tax extension can be a practical solution in these situations. Here is a brief overview of some important things you’ll want to know about before filing a tax extension.
Tax Credits vs Tax Deductions: What’s the Difference?
Two of the most common terms when doing taxes are “deductions” and “credits.” However, it can be challenging to differentiate between the two and how they influence your taxes. Here is a breakdown of the definitions of both terms and their key differences.
Overview of the Latest Cost of Living Updates for 2024
Each year, the IRS, Social Security Administration, and other federal agencies adjust policies to account for inflation. These adjustments are called Cost of Living Adjustments, or COLA. While more changes continue to be set in motion, here is a brief overview of the main cost of living adjustments for 2024 so far.
Claiming the Standard Deduction Vs. Itemized Deductions: What’s the Difference?
Standard deduction. Itemized deduction. Which one to take? It comes down to simple math. Here is a breakdown of the differences between the standard deduction vs. itemized deductions and what they mean for taxpayers.
Latest IRS Updates to the 1099-K Reporting Threshold for Businesses
The IRS recently announced several significant changes to the 1099-K reporting threshold for the 2023 and 2024 tax years. Here is a breakdown of the latest updates to the 1099-K reporting threshold and what they mean for businesses.
Extended & Increased: A Breakdown of the Latest Changes to Solar Energy Tax Credits
The federal solar energy credit is a tax credit that can be claimed on federal income taxes for both individuals and corporations. The credit was recently extended and increased starting FY2023. Here is a breakdown of the latest changes.
Updates to the Standard Deduction for 2024
The IRS recently announced several important inflation-related updates for the 2024 tax year that will be applied to returns filed in 2025. Among those changes was an increase to the standard deduction. Here is a breakdown of the new standard deduction amounts for 2024.
An Overview of IRS’ Changes to the FY2024 Tax Brackets
On November 9, 2023, the IRS announced its annual inflation adjustments for the upcoming FY2024 tax year. Among the changes were several adjustments to the different income tax brackets.
Is Tax Planning Worth It?
Tax Planning is an expense. How do you know if that expense is worth it for you? Check out our breakdown to see if it's right for you.
