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Insights is our series of articles written to help our clients navigate the financial landscape. Insights also provides the opportunity for our professionals to demonstrate their industry knowledge and experience through tax and business related tips, advice and news.
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DIY Guide: How to Prepare and File Your Business’s 1099 Forms (Step-by-Step)
This guide walks you through the full process, from collecting W-9s to filing with the IRS—without needing a payroll company or CPA to do it for you.
Christopher Fleming, EA
Jan 96 min read
Basis Basics for Business Owners: Partnerships & S Corporations (Without the Headache)
If you’re a business owner and your CPA keeps talking about “basis,” it can sound like accounting jargon that doesn’t affect your real life.
But basis is actually one of the most important numbers tied to your tax return—because it controls three big things:
Christopher Fleming, EA
Jan 55 min read
Playbook for Reducing Your Tax Liability in 2026
Here are practical, real-world examples of how businesses can reduce tax liability in 2026.
Christopher Fleming, EA
Jan 44 min read
Buying or Selling a Small Business: Pros, Cons, and Tax Strategies That Can Make (or Break) the Deal
Below is a practical breakdown of the pros and cons for both buyers and sellers, plus key tax strategies that can significantly improve results on either side.
Christopher Fleming, EA
Jan 46 min read
"If You Think Hiring A Professional is Expensive, Wait Until You Hire an Amateur" - Red Adair
When it comes to managing your finances, hiring an accountant can feel like a significant expense. But the right accountant can often save you far more than they cost.
Christopher Fleming, EA
Jan 24 min read
Understanding Depreciation: A Tax-Saving Strategy That Puts Money Back in Your Pocket
what exactly is depreciation, and how can it help you save on taxes? Let’s break it down in plain English.
Christopher Fleming, EA
Apr 24, 20254 min read
Protect What You've Built: Why Structuring Your Business Properly is Essential
The way your business is structured has far-reaching implications—not just for taxes, but for liability, asset protection, and long-term sus
Christopher Fleming, EA
Apr 9, 20252 min read
What Is the Kiddie Tax? A Simple Guide for Families and Investors
What is the kiddie tax?
Christopher Fleming, EA
Apr 4, 20253 min read
Understanding Estimated Tax Payments: What They Are and Why You Might Owe Them
Understanding estimated tax payments
Christopher Fleming, EA
Apr 4, 20253 min read
How to Read Financial Statements: A Guide for Business Owners and Investors
Understanding financial statements is crucial for business owners, investors, and stakeholders who want to assess a company’s financial heal
Christopher Fleming, EA
Feb 19, 20252 min read
DIR Fees and Your Pharmacy
DIR fees are killing independent pharmacies so it's especially important for your accountant to tracking them properly so you can stay infor
Christopher Fleming, EA
Jan 12, 20253 min read
Top 5 Financial Pitfalls Independent Pharmacies Face and How to Avoid Them
Here are five common financial pitfalls that independent pharmacies face and actionable strategies to overcome them.
Christopher Fleming, EA
Jan 12, 20252 min read
The Pharmacy Profitability Playbook: Understanding Key Metrics and Margins
Profitability is the cornerstone of a thriving independent pharmacy. Yet, many owners overlook the financial metrics that provide critical
Christopher Fleming, EA
Jan 12, 20253 min read
Demystifying Business Loans: What You Need to Know
Whether you’re looking to expand services, upgrade technology, or manage cash flow during challenging times, understanding your loan options
Christopher Fleming, EA
Dec 5, 20242 min read
Year-End Financial Checklist for Business Owners
By following this checklist, business owners can close out the year with confidence, knowing their finances are in order
Christopher Fleming, EA
Dec 5, 20242 min read
Exit Strategies and Succession Planning for Business Owners
Continuity Business operations can suffer when owners are embroiled in disagreements. A well-structured plan allows the bus
Christopher Fleming, EA
Dec 5, 20242 min read
Top 10 Most Valuable Tax Strategies for Small Businesses
As the end of the year approaches, now is the perfect time to take stock of your finances and make moves that could benefit your tax situati
Christopher Fleming, EA
Nov 16, 20243 min read
The Short-Term Rental Strategy: What Investors Need to Know
The short-term rental tax strategy is an advanced tax strategy that allows short-term rental investors to offset their earned income
Christopher Fleming, EA
Nov 14, 20245 min read
The History and Evolution of Income Tax in the United States
Before the introduction of income tax, the federal government funded itself primarily through tariffs, excise taxes, and land sales.
Christopher Fleming, EA
Nov 2, 20245 min read
The Corporate Transparency Act - What You Need to Know
The Corporate Transparency Act - What You Need to Know
Christopher Fleming, EA
Sep 26, 20244 min read
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