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2026 Tax Law Changes: What Business Owners Should Review Before December 31
As the year winds down, it’s a good time to take a closer look at your business finances and consider whether there are steps you can take now to prepare for tax season. A little planning before December 31 can make a big difference in how you approach your taxes and your financial goals for the year ahead.
Own a Vacation Rental? Make Sure Your Tax Strategy Is Working as Hard as You Are
A lake house on Lake Travis. A beach home in Port Aransas. A vacation property that brings families together while generating rental income throughout the year. For many owners, short-term rentals offer an appealing combination of personal enjoyment and investment potential. But behind the beautiful views and booked calendars is another important consideration: making sure the financial and tax side of your investment is working in your favor.
Get Ahead of Your Taxes Before Year-End
The best time to start year-end tax planning is well before December 31. A lucrative year or a major life change can shift your tax bill in either direction — and you still have time to make moves that keep more of what you earned. Here are eight areas worth reviewing before the year closes.
Turning Investment Losses Into Real Tax Savings
Investments rarely move in the same direction. While some may gain significant value, others may decline. And while seeing an investment lose value isn’t usually good news, a loss can sometimes create a valuable tax opportunity.
The Widow’s Tax: An Unexpected Retirement Surprise
Most married couples plan their retirement income together. They look at their combined Social Security, their combined pensions, and their combined required minimum distributions, or RMDs, and they build a plan around two people sharing the load. What often gets missed is what happens when one spouse passes away and the surviving spouse is left to manage the same income, alone, at a much higher tax rate.
This is sometimes called the widow’s tax, and it can catch families off guard at exactly the moment they’re least prepared to deal with it.
You Didn’t Start a Business to Become a Bookkeeper
Many owners end up carrying those tasks alone because traditional accounting support may not be providing the financial insights and decision making many business owners truly need.
Federal Rules Bring Changes to 2026 Overtime and Tips
Last summer’s One Big Beautiful Bill (OB3) Act created a new federal tax deduction for qualified overtime and qualified tips
Strategic Tax Planning Moves to Maximize 2025 Savings
As 2025 winds down, this season offers a valuable opportunity for CEOs, entrepreneurs, and families across Central Texas to pause and take a thoughtful look at their financial strategies. Year-end tax planning is more than a checklist item. It’s a chance to strengthen cash flow, reduce tax liabilities, and lay the groundwork for a more profitable and financial sound start to 2026.
Q4 Bookkeeping Prep: 10 Step Checklist for Clean and Accurate Books
As we approach the final stretch of the year, business owners across Texas are preparing for Q4 with a mix of anticipation and urgency. The transition from September into October, the beginning of Q4, marks a critical time to assess your financial records, streamline...
Understanding the One Big Beautiful Bill (OB3) Act
The Big Beautiful Bill (BBB) has officially passed, and it’s already sending ripples through households and boardrooms. Whether you’re a local café owner, a freelance designer, or a parent juggling multiple roles, this new legislation touches many aspects of daily life. Packed with tax reforms, business incentives, and personal finance updates, the BBB impacts how we earn, spend, save, and invest.