From the firm
Notes from the firm.
Plain-English tax and small-business notes. Indiana-specific where it matters. Updated when something matters, not on a content calendar.
Tax
Cash vs. Accrual Accounting: What Makes Sense for Your Business — and When Is One Required?
Most small businesses can choose cash or accrual accounting, but the right pick depends on your size, structure, and how clearly you want to see your finances.
6 min read
Accounting
Best practices with inventory and how it affects your accounting and taxes
How you track inventory directly shapes your tax bill, profit margins, and the accuracy of every financial statement your business produces.
7 min read
Tax
When Does a Side Hustle Become a Business?
Your side hustle crosses into business territory the moment the IRS decides you're running it for profit—and the tax rules change immediately.
6 min read
Bookkeeping
Why Your CPA Firm Should Drive Your Bookkeeping — Not You
When your CPA firm owns the bookkeeping — not you — your records stay clean, your taxes stay accurate, and nothing falls through the cracks.
6 min read
Tax
You're Quietly Handing Money Back to the IRS: If You Pay Business Costs Out of Your Own Pocket and Never Reimburse Yourself
Every dollar you pay for a legitimate business expense but never reimburse yourself is a deduction you forfeit—and extra tax you pay for no reason.
6 min read
Tax
If You Want a Great Business, Do the Work — If You Want Great Tax Breaks, Do the Work
The best tax breaks aren't handed out — they're earned by business owners who track, document, and plan deliberately all year long.
7 min read
Planning
C-Corporations Back in Vogue: The section 1202 Small Business Stock Exit Strategy
The One Big Beautiful Bill Act, signed July 4, 2025, expanded Section 1202 QSBS—cutting holding periods and raising gain caps for stock issued after that date.
11 min read
Tax
Buy Equipment, Cut Your Tax Bill, and Run a Better Business
Current tax law lets business owners deduct the full cost of many equipment purchases in 2026, making reinvestment one of the smartest tax moves available.
9 min read
Tax
Understanding the New Federal Tax Credit for K-12 Scholarship Donations
A new federal tax credit lets donors reduce their 2027 tax bill by contributing to qualified K-12 scholarship organizations.
6 min read
Tax
Cost Segregation for Real Estate Investors: What It Does (and Doesn't) Do
Cost segregation accelerates depreciation deductions you already have — it doesn't conjure new ones — and it works best on higher-value commercial properties.
9 min read
Tax
Indiana's 2026-Only Tax Deductions for Tips, Overtime, and Car Loan Interest
Indiana created 3 new deductions for 2026 only covering tips, overtime pay, and vehicle loan interest — that can lower your state and local tax bill if you act before year-end.
7 min read
Personal Finance
Can You Roll a 529 Into a Roth IRA in Indiana Tax-Free?
Yes — since 2024, Indiana families can roll up to $35,000 in unused 529 funds into a Roth IRA tax-free if key IRS requirements are met.
7 min read
Tax
Opportunity Zones and Opportunity Funds Under the New Tax Law
Opportunity Zones let investors defer/reduce capital gains tax by reinvesting into designated low-income areas across the US
7 min read
Tax
IRS Standard Mileage Rate Change for 2026
The IRS standard mileage rate for 2026 changed — here's what Indiana business owners need to know to maximize their deduction
7 min read
Payroll
How does Unemployment work for employers in Indiana?
Indiana employers fund unemployment through an employer tax and rate depends on your claims history — here's how it works.
10 min read
Tax
How Health Savings Accounts work
An HSA lets you contribute pre-tax dollars for medical costs — and small-business owners can use it to reduce both income and payroll taxes.
6 min read
Tax
TAX PLANNING SEASON just started!
Would you rather know how much you will owe far ahead or are you last-minute larry?
4 min read
Tax
Indiana tax amnesty program underway!
Amnesty opened July 15 for those with tax liabilities from before 2024.
3 min read
Business Owners
You don't 'just need' Quickbooks! You don't need more reports! You need clarity!
Do you really want to work nights and weekends as a bookkeeper?
1 min read
S-Corporations
S-Corp Reasonable Compensation in Indiana: A 2026 Field Guide
A defensible S-corp salary starts with owner-maintained facts and an owner decision—not continuous monitoring or a salary decision by the tax preparer.
8 min read
S-Corporations
Should Your Indiana LLC Elect S-Corp Status? 2026 Break-Even Guide
Owners—not the tax preparer—must decide whether an S election earns its keep after reasonable wages, filings, and recurring administration.
9 min read
Business Owners
Can You Save Money Setting Up Your Own LLC in Fort Wayne?
DIY LLC formation saves $500 upfront but often costs more long-term thru mistakes, compliance errors, and missed deductions.
9 min read
Advisory
5 Hidden Cash Flow Killers for Fort Wayne Businesses in 2026
Poor inventory timing, delayed invoicing, tax surprises, forgotten subscriptions, and weak payment terms silently drain Fort Wayne businesses.
9 min read
Business Owners
How Fort Wayne's Downtown Renaissance Affects Small Business Taxes
Fort Wayne's downtown revitalization creates property tax reassessments, new TIF districts, and growth incentives that directly impact small business tax planning.
9 min read
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