Starting a business is exciting, but success requires more than passion: it requires a clear financial foundation. From choosing the right business structure and paying yourself consistently to organizing cash flow and planning for taxes, understanding these core principles helps you make confident decisions, avoid surprises, and focus on growing your business with clarity and control.

The 2025 tax bill just became law, and it’s packed with changes. From retirement account strategies to small business deductions and new income tax rules, your 2025 plan may need a serious rethink. We break down what stays the same, what’s changing, and what you should be doing next.

Wondering if your kids will owe taxes on a gift you give them? The short answer is no, and in most cases, you won’t either. This article breaks down how gift tax rules work and why most families can give freely without owing anything.

Thinking about selling your home and wondering about the tax implications? Discover how the IRS’s section 121 can help you avoid paying taxes on significant gains from the sale of your primary residence. Michael Hollis walks through how exclusions and proper calculations can keep more money in your pocket and make your home sale as profitable as possible.

Roth IRAs are a powerful tool for tax-free growth in retirement, but there’s a key rule you need to know: the five-year waiting period for withdrawing earnings. This article explains how the rule works, how Roth conversions add complexity, and why starting early can maximize your tax-free retirement income.

If you’re a DIY tax filer, you may be just getting started and feeling overwhelmed. Here’s ten tips for tax filing to guide you along the way…

Tax season doesn’t have to be overwhelming. Our guide walks you through the Form 1040 step by step, explaining income, deductions, credits, and refunds in clear, easy-to-understand terms. Whether you file on your own or with a professional, understanding your tax return empowers you to take control of your finances.

Michael Hollis discusses what to know regarding retirement contributions and what you can do when.

Learn how older adults can make the most of their retirement and tax planning. From understanding available tax credits and required minimum distributions to deducting medical expenses, managing Social Security taxes, and leveraging spousal IRAs, this guide provides actionable strategies to maximize savings and plan effectively for a secure retirement.