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…
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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…
Zero-Based Budgeting: The Bold Way to Stop Wasting Money and Start Growing
Picture this: You’re hunched over last year’s budget, crossing out line items you think you can live without. And then what happens? The same stuff makes it back on the…
Why Updating Beneficiaries is Crucial After Life Changes
In the realm of estate planning, naming beneficiaries is a critical step that ensures your assets are distributed according to your wishes after your passing. However, the process doesn’t end…
BOI Update
On February 18, 2025, the U.S. District Court for the Eastern District of Texas reinstated the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. For the majority…
The Key Differences Between Traditional and Roth IRAs You Need to Know
Individual Retirement Accounts (IRAs) are essential tools for retirement planning, offering tax advantages that can help you grow your savings over time. Two of the most popular types of IRAs…
Essential Tax Credits Every Parent Should Know About
Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things new parents…