Maximizing Tax Benefits for Charitable Contributions: Strategies for Individuals and Businesses
Charitable giving can be a powerful way to support a cause you believe in and leave a lasting legacy. When approached strategically, it can also provide significant tax advantages for both individuals and businesses. Understanding how to align your philanthropic goals...
The One Big Beautiful Bill Act of 2025: What You Need to Know
This article was first featured in the April 2026 issue of Fairfield Lifestyle, which you can find linked here. ARTICLE BY RYAN C. SHEPPARD, CPA, CFF PHOTOGRAPHY BY ALEX TORRES | PARK CITY STUDIOS As a CPA I'm frequently fielding questions about the One Big Beautiful...
How to Handle Taxes on Retirement Accounts After Divorce
Retirement accounts are often among the largest marital assets that must be divided in divorce. Whether you are splitting a 401(k), IRA, pension, or defined benefit plan, it’s crucial to be aware of the potential tax consequences before any transfer occurs. A misstep...
Alimony vs. Child Support: Understanding the Tax Differences
Alimony and child support are often key issues in divorce. Not only do these forms of financial support serve very different purposes, but they are also treated very differently when it comes to tax matters. Understanding the distinctions between alimony vs. child...
Tax Considerations for Cryptocurrency Investors and Traders
Digital assets have become a widely recognized component of today’s financial landscape. As many major banks now offer crypto products and more merchants accept digital assets as payment, regulatory scrutiny of cryptocurrency has intensified. If you are a...
How to Navigate Multi-State Tax Filings for Growing Businesses
Expanding your business operations across state lines can create significant opportunities for growth and long-term success. It can also bring tax implications that can be challenging for an entrepreneur to navigate. Without a clear compliance strategy in place, you...
5 Ways Professional Bookkeeping Services Can Save Your Business Time and Money
From managing the company’s operations to marketing and supervising employees, small business owners often wear many hats. Bookkeeping in particular is one of the most time-consuming and arduous tasks an owner can take on. While a do-it-yourself approach might seem...
Should I Do a Roth Conversion?
A Roth conversion can be a highly effective tax planning tool. This financial maneuver allows you to move pre-tax money from a traditional IRA or 401(k) into a Roth IRA, enabling tax-free withdrawals in retirement. However, whether you would benefit from a Roth...
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