Blogs for Accounting Firms

Every week our experienced editors write blogs covering a wide range of topics to include in our email newsletters.

Real Estate Tax Benefits: How Property Investing Can Strengthen Your Financial Strategy

Real estate remains one of the most consistent and attractive investment options for building long-term wealth. Beyond potential rental income and property appreciation, real estate …

Feb 25, 2026

Real Estate Tax Benefits: How Property Investing Can Strengthen Your Financial Strategy

Smart Tax Planning: Proven Strategies to Lower Your Taxable Income

As the saying goes, “The only certainties in life are death and taxes.” While taxes are unavoidable, smart tax planning can significantly reduce your taxable …

Feb 18, 2026

Smart Tax Planning: Proven Strategies to Lower Your Taxable Income

How Bankruptcy Impacts Tax Debt: What You Need to Know

Facing financial distress is a challenging reality for many individuals and businesses. When debts become unmanageable, bankruptcy can offer a fresh start. However, it’s essential …

Feb 11, 2026

How Bankruptcy Impacts Tax Debt: What You Need to Know

Above-the-Line Tax Deductions: Maximize Savings and Reduce Your Taxable Income

Finding legitimate ways to reduce taxable income can help you keep more of your hard-earned money. While many taxpayers are familiar with standard deductions, such …

Feb 4, 2026

Above-the-Line Tax Deductions: Maximize Savings and Reduce Your Taxable Income

How to File a Tax Amendment: Correct Errors and Protect Your Refund

Filing taxes can be complex, and even the most diligent taxpayers may make mistakes. If you discover an error or omission on a previously filed …

Jan 28, 2026

How to File a Tax Amendment: Correct Errors and Protect Your Refund

How to Obtain Copies of Past Tax Returns Efficiently and Securely

Keeping copies of past tax returns is essential for financial planning, loan applications, resolving tax disputes, filing amended returns, or simply maintaining organized personal records. …

Jan 21, 2026

How to Obtain Copies of Past Tax Returns Efficiently and Securely

The Tax Benefits of Marriage: What Couples Should Know

Marriage is a meaningful milestone that blends emotional commitment with practical considerations. Beyond companionship and shared goals, marriage can also offer notable financial advantages—especially when …

Jan 14, 2026

The Tax Benefits of Marriage: What Couples Should Know

How to Handle an IRS Tax Audit: A Step-by-Step Guide

Receiving a notice from the Internal Revenue Service (IRS) about an upcoming tax audit can be intimidating. However, it’s important to remember that an audit …

Jan 7, 2026

How to Handle an IRS Tax Audit: A Step-by-Step Guide

How to Organize Your Paperwork for a Stress-Free Tax Season

Tax season can be overwhelming for both individuals and businesses. One of the biggest challenges is managing the paperwork required to file accurately and on …

Dec 31, 2025

How to Organize Your Paperwork for a Stress-Free Tax Season

Understanding Tax Benefits When Paying for College

Paying for college is a significant financial investment for many families. Tuition, books, housing, and related expenses can add up quickly, making it essential to …

Dec 24, 2025

Understanding Tax Benefits When Paying for College

How Divorce Impacts Your Taxes: Key Considerations for Financial Planning

Divorce is a challenging and emotional process that can significantly impact many areas of your life, including finances. One critical aspect often overlooked is how …

Dec 17, 2025

How Divorce Impacts Your Taxes: Key Considerations for Financial Planning

How to Amend Your Taxes: A Step-by-Step Guide

Filing taxes can be complex, and even careful taxpayers may discover errors on their returns. The good news is that mistakes can be corrected by …

Dec 10, 2025

How to Amend Your Taxes: A Step-by-Step Guide

Understanding Tax Debt After Death: What Executors Need to Know

Death is inevitable, but its financial implications, including tax debt, often catch families and heirs by surprise. While passing may end many personal obligations, it …

Dec 3, 2025

Understanding Tax Debt After Death: What Executors Need to Know

Understanding Required Minimum Distributions (RMDs) and Their Tax Implications

As individuals diligently save for retirement through vehicles like IRAs and 401(k)s, the government requires that a portion of these tax-advantaged savings be withdrawn annually. …

Nov 26, 2025

Understanding Required Minimum Distributions (RMDs) and Their Tax Implications

Understanding Above-the-Line Tax Deductions: Maximize Your Tax Savings

Tax season can be a stressful time for individuals and businesses alike, but understanding the proper deductions can ease the burden and potentially reduce your …

Nov 19, 2025

Understanding Above-the-Line Tax Deductions: Maximize Your Tax Savings

Understanding the Difference Between Earned Income and Adjusted Gross Income

When it comes to understanding your financial picture and preparing your taxes, two essential terms you'll encounter are “earned income” and “adjusted gross income (AGI)”. …

Nov 12, 2025

Understanding the Difference Between Earned Income and Adjusted Gross Income

Understanding the Difference Between Tax Credits and Tax Deductions

Taxes are an essential part of maintaining a healthy economy and funding public services, but for many individuals and small businesses, they can also feel …

Nov 5, 2025

Understanding the Difference Between Tax Credits and Tax Deductions

Avoiding Common Tax Return Errors in 2025: Tips for a Stress-Free Filing Season

Tax season can be a stressful time for individuals and small businesses alike. Filing your return accurately and on time is essential to avoid penalties, …

Oct 29, 2025

Avoiding Common Tax Return Errors in 2025: Tips for a Stress-Free Filing Season

5 Smart Reasons to File a Tax Extension (and How It Can Benefit You)

Tax season can be a stressful time for both individuals and business owners. Between gathering paperwork, managing deadlines, and double-checking calculations, it’s easy to feel …

Oct 22, 2025

5 Smart Reasons to File a Tax Extension (and How It Can Benefit You)

How Gambling and Lottery Wins are Taxed: What You Need to Know

Winning a large sum of money through gambling or a lottery can be an exciting, life-changing moment. However, before you celebrate too freely, it’s essential …

Oct 15, 2025

How Gambling and Lottery Wins are Taxed: What You Need to Know

Understanding Tax Rates vs. Tax Brackets: A Clear Guide

Taxes are an essential part of our financial lives, funding public services and government programs. Yet, the tax system can be complex, leaving many individuals …

Oct 8, 2025

Understanding Tax Rates vs. Tax Brackets: A Clear Guide

A Step-by-Step Guide on How to File a Tax Amendment

Filing your taxes can be daunting; mistakes or overlooked deductions can sometimes result in incorrect returns. The good news is that you can amend your …

Sep 24, 2025

A Step-by-Step Guide on How to File a Tax Amendment

Steps to Take If You Owe Back Taxes

Owing back taxes can be a stressful and overwhelming situation. Whether you've fallen behind on your income taxes or have unresolved tax debt from previous …

Sep 17, 2025

When Medical Expenses Are Tax-Deductible: A Comprehensive Guide

Medical expenses can be a significant financial burden for many individuals and families. However, some relief is available in the form of potential tax deductions. …

Sep 10, 2025

When Medical Expenses Are Tax-Deductible: A Comprehensive Guide

Understanding the Difference Between Tax-Deferred and Tax-Exempt Retirement Accounts

Planning for retirement is a crucial aspect of financial stability and peace of mind. One key decision you'll face when saving for retirement is choosing …

Sep 3, 2025

Understanding the Difference Between Tax-Deferred and Tax-Exempt Retirement Accounts