U.S. Supreme Court rules against the IRS on critical FBAR issue

U.S. Supreme Court rules against the IRS on critical FBAR issue

The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling in Bittner v. U.S. is welcome news for U.S. residents who “non-willfully” violate the...
Retirement and Tax Saving Strategies For Entrepreneurs

Retirement and Tax Saving Strategies For Entrepreneurs

By Glenn Harper, Julie Smith, and Kristin Taylor Let’s face it. You’re living the American dream. You have the opportunity to do work you love, create opportunities for others, and live out your mission. You are an entrepreneur.  But being an entrepreneur comes...
What is the Secure Act 2.0, and how will it impact you?

What is the Secure Act 2.0, and how will it impact you?

The Secure Act 2.0 was signed into law at the end of 2022, making significant changes to help Americans save more for retirement. It has important implications for business owners. This is a great example of a business advisory topic business owners should be trusting...
Business travel…what can you deduct?

Business travel…what can you deduct?

Now that the world is traveling again, here is exactly what you need to know about business travel deductions for tax compliance. First, let’s define ‘business travel’ for purposes of tax compliance. You are an employee or business owner who needs to leave your main...