Irrevocable trusts offer powerful estate planning benefits, but life changes and shifting tax laws can make them feel like a trap. Trust decanting, the process of transferring assets from an old trust into a new one, may offer the flexibility your estate plan needs to keep working for you.

Medical costs can take a serious toll on your finances, but the IRS may offer some relief. If your out-of-pocket expenses exceed 7.5% of your adjusted gross income, you may qualify for an itemized deduction covering medical, dental, and vision care. Here is what you need to know to make the most of it.

Health Savings Accounts (HSAs) give individuals and businesses a smart, tax-advantaged way to handle rising healthcare costs. By pairing a high-deductible health plan with pre-tax savings, HSAs allow funds to grow and be used tax-free for qualified expenses, with no "use it or lose it" rule and updated contribution limits for 2026.

Applying for a business loan can feel overwhelming, but preparation makes all the difference. Lenders look beyond your credit score, they want to understand your purpose, your plan, and your ability to repay. From financial statements to collateral and personal guarantees, knowing what to expect can help you walk in ready and walk out funded.

High-earning families often give generously throughout the year, but poor documentation and incomplete tracking leave thousands in tax deductions unclaimed. From non-cash donations to appreciated securities, each type of gift has specific IRS requirements that must be met to maximize benefits and avoid audit risk. By building a simple tracking system and understanding the rules, you can ensure your generosity works as efficiently as possible.

When the economy feels uncertain, families worry about job security and rising costs, but financial downturns don't require panic - they call for clarity and preparation. By focusing on building liquidity, reviewing spending priorities, ensuring proper insurance coverage, and avoiding fear-based decisions, you can create stability during volatile times.

Aprio Insights on the Opportunity Zones Are Given New Life – A Tax Advisor's Thoughts. Read the article.

Companies that have experienced M&A activity or internal reorganizations within the past three years may be eligible for refunds on overpaid payroll taxes.

The One Big Beautiful Bill Act introduced a new federal income tax deduction for auto loan interest on qualifying new vehicles, available for tax years 2025 through 2028. Before you claim it, there are eligibility rules, income limits, and IRS requirements you need to understand. Here is what taxpayers should know.

The IRS has increased the standard mileage rate for business driving to 72.5 cents per mile for 2026, up from 70 cents in 2025. Whether you use the standard rate or the actual expense method, understanding the rules and recordkeeping requirements is essential to maximizing your deduction and avoiding IRS scrutiny.

The rules for deducting business meals and entertainment expenses have been a moving target, and recent changes under the One Big Beautiful Bill Act add new wrinkles for 2026. Here's what business owners need to know about what qualifies, what's been eliminated, and how to protect your deductions.

Nonprofit boards should focus on aligning their finance and strategic growth initiatives to create more cohesion and improve impact. Here are the top governance practices nonprofit boards should know.

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on joint returns) of the overtime premium they earn above their regular rate of pay. This deduction reduces is available to FLSA-covered employees who meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities. Here's what you need to know about how S-corps work, who they're right for, and what's required to maintain one.

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances - even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.