by Allison Chaumont, CPA | Dec 3, 2025 | Uncategorized
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct up to $3,000 against ordinary income ($1,500 if married filing separately). Unused losses carry forward...
by Allison Chaumont, CPA | Nov 27, 2025 | Uncategorized
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless to...
by Allison Chaumont, CPA | Nov 18, 2025 | Uncategorized
Key TakeawaysWhen your business gives back, make sure itâs documented correctly so your tax professional can secure any potential tax benefits. Charitable contributions to qualified 501(c)(3) organizations can be deductible. Marketing-related giving...
by Allison Chaumont, CPA | Nov 11, 2025 | Uncategorized
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employeeâs start date. The potential tax savings can be worth up to $2,400 per...
by Allison Chaumont, CPA | Nov 5, 2025 | Uncategorized
Key Takeaways Profit doesnât equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...
by Allison Chaumont, CPA | Oct 30, 2025 | Uncategorized
Key TakeawaysKeep every contractorâs Form W9 on file before the first payment. If your contractor wonât give you a W9, follow the three-step written request process to prove due diligence. Use the IRS TIN Matching tool before filing your 1099s to verify...
