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Unlocking Tax Savings with Deductions Beyond Itemizing
In the complex world of tax deductions, understanding the distinctions between above-the-line deductions, below-the-line deductions, and standard and itemized deductions is crucial for effective tax planning. Each category serves a…
Essential One Big Beautiful Bill Tax Changes Every Senior Needs to Know
In recent legislative developments, the Omnibus Budget Reconciliation Bill for 2025 and Beyond (also known as the One Big Beautiful Bill Act, or OBBBA) has introduced significant tax provisions, some…
Navigating SALT Deduction Changes and Passthrough Entity Strategies for Maximum Benefit
The State and Local Tax (SALT) deduction allows taxpayers to deduct either their state and local income taxes or their state and local sales taxes, in addition to property taxes,…
See How the “One Big Beautiful Bill” Act Will Impact Your 2025 Taxes and Transform Your Financial Landscape!
On July 4th, the President signed into law the so-called “One Big Beautiful Bill” Act (OBBBA), a significant piece of legislation that ushers in a plethora of tax provisions designed…
Congress Passes Major Tax Bill: What Businesses and Individuals Need to Know
On July 3, Congress passed the sweeping One Big Beautiful Bill Act (OBBBA). This bill is a landmark tax and spending package that makes key provisions from the 2017 Tax…
LS&Z Strengthens Expertise at AICPA ENGAGE 2025 Conference
Lutz Selig & Zeronda Partners Jeff Klahr, Edward Selig, Paul Jankowski, Gregory Abbattisti, Jennifer Klahr, and Evan Chamberas, along with Principal, Sylvia Skoney, recently attended the AICPA ENGAGE 2025 Conference,…
Strategies for Maximizing Your Roth IRA Contributions: A Comprehensive Guide
When planning for retirement, one of the most critical decisions involves choosing the right type of retirement account. Among the various options available, Roth accounts and traditional IRA accounts stand…
FinCEN Rule Ends BOI Reporting for Domestic Companies
Business owners across the United States can breathe a sigh of relief with the latest announcement from the Financial Crimes Enforcement Network (FinCEN) about BOI reporting. On March 21, 2025,…
Navigating the Complexities of Estimated Tax Payments to Avoid Underpayment Penalties
Tax planning is a crucial aspect of financial management, yet it often remains underutilized by many taxpayers. One area that frequently causes confusion and potential financial strain is the management…

Penalties That Can Wreck Your Finances
The IRS Doesn’t Send Thank-You Notes—Just Penalty Notices You file a little late. You miss an estimated payment. You hire a remote employee in another state and forget to register for payroll taxes…