by Gilbert CPA | Mar 2, 2026
S-corporations 101: FAQs for business owners S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. You’ve likely heard that they can help reduce taxes, especially self-employment taxes. And in...
by Gilbert CPA | Feb 26, 2026
Understanding the IRS’s new deduction for qualified overtime compensation The IRS has issued detailed guidance on a new federal income tax deduction for qualified overtime compensation. This measure, effective for tax years 2025 through 2028, provides a federal...
by Gilbert CPA | Feb 23, 2026
Living trust myths vs. reality: what a revocable trust really does Revocable living trusts (RLTs) are common in estate planning, and commonly misunderstood. They’re sometimes presented as a clean, all-purpose solution that avoids probate, reduces taxes, and...
by Gilbert CPA | Dec 19, 2025
IRS grants employers penalty relief for 2025 tip and overtime reporting The IRS is offering employers a break for 2025, easing penalties as businesses work to comply with new reporting rules for tips and overtime pay. In Notice 2025-62, released November 5, the...
by Gilbert CPA | Dec 1, 2025
Individuals & Families: 2025 year-end tax moves As 2025 draws to a close, individual taxpayers face a familiar but evolving tax landscape. Many provisions from the Tax Cuts and Jobs Act (TCJA) have been preserved or extended under the One Big Beautiful Bill Act...
