Year-End Tax Planning Strategies for Individuals and Small Businesses
Most people don’t start thinking about taxes until April — but by then, it’s too late to make a real
November 7, 2025
Catch up on the latest news, information, and insight from your team at JHM.
Most people don’t start thinking about taxes until April — but by then, it’s too late to make a real
Choosing the right CPA firm can make or break your business, ask any experienced business person out there. A reliable
Discover the latest inflation-adjusted tax changes for the 2026 tax year, driven by the One, Big, Beautiful Bill Act (OBBBA). From standard deduction hikes and modified marginal tax rate thresholds to expanded credits for adoption and employer-provided childcare, these updates can significantly influence your financial planning.
Unlock the power of pre-tax spending to optimize your financial strategy and significantly reduce tax burdens. Discover how strategic spending can transform everyday expenses into effective wealth-building tools through educational assistance programs, healthcare accounts, and charitable giving policies. Learn how high-earning individuals and businesses can deploy these tactics to preserve more income and enhance future growth.
Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on incentives for renewable energy and clean vehicles. This article covers several upcoming deadlines for anyone planning energy-efficient upgrades or investments.
Spend your nest egg in the wrong order, and taxes soar while future security shrinks. Get the sequence right, and the same dollars stretch further, cost less, and safeguard your legacy. Here’s the smart roadmap, from Social Security timing to precision RMDs.
Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements.
Explore the intricacies of partnership distributions and uncover how they offer flexibility in profit allocation while presenting unique tax considerations.
Summer brings not just sunshine but also critical 401(k) audit deadlines for many organizations. This comprehensive guide breaks down when an audit is necessary, common pitfalls to avoid, and best practices to streamline the process. Prepare proactively to maintain compliance and the trust of your plan participants—don’t let the season catch you off guard!