Most business owners think about taxes once a year — when they hand their documents to a tax preparer and find out what they owe. By that point, the opportunity to change the outcome has passed. The business owners who consistently pay less in taxes are not doing anything illegal. They are doing something structural. They have clean books, a proactive tax plan, a retirement strategy, and in many cases a real estate component — all working together before the tax return is fil

If you are a business owner in Irvine or Orange County and your income has pushed you into the 32% federal tax bracket, you are paying 32 cents of every additional dollar you earn to the IRS — before California takes its share. For business owners in this bracket, tax planning is not optional. It is the difference between keeping a meaningful portion of what you built and writing a check that did not have to be that large. Whether you are looking for a tax professional near m

Most people assume investment income gets taxed heavily. For the right investor, structured the right way, qualified dividends can be taxed at 0%. This post covers who dividend investing is suitable for, how to qualify for the lower rate, and the specific strategies used to reduce the tax burden on investment income. Who Is Dividend Investing Suitable For? Not every investor belongs in dividend-paying investments. From a financial planning standpoint, dividend investing tends

TWC outlines the top tax planning strategies for business owners in 2026 — entity structure, QBI deduction, retirement accounts, OBBBA changes, and more.

Every year the IRS adjusts tax brackets for inflation. For 2026, those adjustments were published in IRS IR-2025-103 on October 9, 2025, and detailed in Revenue Procedure 2025-32. On top of the standard inflation adjustments, the One Big Beautiful Bill Act signed on July 4, 2025 made the seven-bracket structure permanent and introduced several new benefits for taxpayers. This post gives you the official 2026 federal income tax brackets and key changes packaged clearly so you

When you hire a financial advisor, you assume they are working in your best interest. Unfortunately, that assumption is not always correct. Not all financial advisors are legally required to prioritize your interests over their own. Understanding the difference between a fiduciary and a non-fiduciary advisor is one of the most important steps you can take before trusting anyone with your financial future. What is a Fiduciary? A fiduciary is a person or organization that is le

Orange County is one of the most desirable places to live in California, and one of the most expensive. If you are planning to retire here, the national retirement benchmarks you read about in most financial articles may not apply to your situation. The cost of living in Irvine, Newport Beach, Laguna Hills, or Huntington Beach is significantly higher than the national average, and your retirement plan needs to reflect that reality. This guide walks through how much money you

According to SBA, PPP recipients can early apply for loan forgiveness. The new interim final reflects that a borrower can submit the loan forgiveness application form any time and no need to wait until the covered period ends. A borrower may submit a loan forgiveness application any time on or before the maturity date of the loan – including before the end of the covered period – if the borrowers have used all of the loan proceeds for which the borrower is requesting forgiven

On Saturday, July 4, 2020, President Donald Trump signed a new law extending the deadlines for applying for the Paycheck Protection Program (PPP) loan from June 30 to August 08, 2020. Besides the PPP application date extension, there are some other updates: 1. For people who received the loan before June 05, 2020, you can choose the applicable covered period for your loan (8 weeks or 24 weeks). 2. For people who received the loan after June 05, 2020, you are required to use a

The IRS has issued the 2018 optional standard mileage rates and starting on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54.5 cents per mile for business miles driven (up from 53.5 cents in 2017) 18 cents per mile driven for medical or moving purposes (up from 17 cents in 2017) 14 cents per mile driven in service of charitable organizations (currently fixed by Congress) 25 cents per mile is the depreciation on the