Gov. Ferguson says he would support a ‘millionaires tax’ in Washington state
OLYMPIA, Wash. — Washington Gov. Bob Ferguson said Tuesday that he would support a proposed “Millionaires’ Tax” on high-income earners, signaling a significant shift in the state’s tax debate while acknowledging the proposal would almost [...]
Options for Claiming the 2025 Deductions for Tips and Overtime
Under Notice 2025-62, the Internal Revenue Service has issued guidance clarifying how employers and employees should document and report qualified tips and qualified overtime compensation for the 2025 tax year. This notice is especially important [...]
House Passes Bills Strengthening Taxpayer Protections on IRS Penalties and Tax Court Proceedings
The U.S. House of Representatives approved two bipartisan measures this week aimed at reinforcing taxpayer protections and increasing accountability within the federal tax system. Together, the bills focus on limiting improper penalties imposed by the [...]
Social Security and What You Need to Understand
Social Security and What You Need to Understand For many business owners and high-income earners, Social Security is often treated as an afterthought—something distant, fixed, and largely out of their control. In reality, the decisions [...]
Turning a Break-Even Business Into a Profitable One: The Power of an Outside Perspective
Many business owners find themselves in a familiar but frustrating position: the company is surviving, bills are paid, employees are compensated, and the doors remain open—but profits remain flat. Breaking even can feel like stability, [...]
Economic Outlook: Navigating Today’s Economy with Confidence and Clarity
Economic uncertainty has become a defining feature of today’s business climate. Inflation, interest rate volatility, rising labor costs, and shifting regulatory requirements are affecting organizations across industries. For business owners and executives, the challenge is [...]
