Tax Hoots

Roth Conversions: When to Say Yes and When to Wait
Deciding whether to convert retirement savings from a traditional account to a Roth IRA is not just an investment decision — it is a tax planning decision that can shape

Restricted Stock Units: Taxation and Common Mistakes to Avoid
Restricted Stock Units, commonly known as RSUs, are a significant component of compensation for many professionals, particularly in technology and growth-focused companies. While RSUs can meaningfully increase total earnings, they

Tax Preparation: What’s New for Businesses in 2026
Many businesses approach year-end tax preparation the same way every year: gather documents after December, file on time, and move on. As 2025 comes to a close, that approach is

RMD Rules: Understanding the 2025 Updates
If you have a traditional IRA, 401(k), 403(b), SEP IRA, or SIMPLE IRA, understanding Required Minimum Distributions (RMDs) and the current RMD Rules is essential. Recent changes to retirement tax

Tax Myths: 7 Costly Mistakes That Are Hurting Your Business
Running a business is a constant balancing act. You manage customers, cash flow, staff, marketing, and growth opportunities. In the middle of all that, taxes often feel like a confusing

California Tax Compliance in 2025: Critical Dates and Penalty Risks
California continues to tighten its tax enforcement systems as 2025 approaches, making compliance more essential than ever for business owners. Whether you operate as an LLC, S Corporation, C Corporation,

Year-End Tax Planning: Tips for Businesses Preparing for 2026
As the year ends, every business, whether a sole proprietorship, partnership, LLC, S corporation, or C corporation, gains a critical opportunity to organize financials, reduce tax liabilities, and strengthen compliance.

Signing Partnership Tax Returns: Essential Guidelines
For many business owners, signing a tax return feels like a simple administrative step. However, when it comes to signing partnership returns for partnerships and multi-member LLCs, signature authority becomes

Tax Dependents: How to Claim The Right Way
Supporting a child, elderly parent, or other relative often comes with the added responsibility of understanding tax rules. Many taxpayers assume claiming tax dependents is straightforward, but the IRS has