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Building bench strength for effective succession planning

Building bench strength for effective succession planning

by Jaclyn Lorimer | Jul 24, 2026 | Latest News

Every business will eventually face leadership transitions. Whether key people retire, pursue new opportunities or become unable to do their job, your business must maintain continuity. Often, smooth transitions depend on “bench strength.” This refers to the depth of...
Don’t let the IRS treat your sideline as a hobby

Don’t let the IRS treat your sideline as a hobby

by Jaclyn Lorimer | Jul 23, 2026 | Latest News

Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar at a local venue, you’ll need to report the income from your sideline activity on your tax return. But can you deduct...
Self-employed? Don’t overlook valuable tax deductions

Self-employed? Don’t overlook valuable tax deductions

by Jaclyn Lorimer | Jul 22, 2026 | Latest News

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that...
Summer’s for vacation — encourage your workers to take one

Summer’s for vacation — encourage your workers to take one

by Jaclyn Lorimer | Jul 21, 2026 | Latest News

Ahh, summer! You’re probably looking forward to time off from work — anything from a long-anticipated trip abroad to a U.S. road trip to a “staycation,” where you might enjoy reading a good book with an iced drink in your own backyard. But not everyone takes a summer...
When the sale of an appreciated home triggers taxes — and when it doesn’t

When the sale of an appreciated home triggers taxes — and when it doesn’t

by Jaclyn Lorimer | Jul 15, 2026 | Latest News

Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of course a large profit is generally a good thing. But, depending on the amount of your gain, how long you’ve...
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