Year-End Entity Structure Review: Are You Set Up for Success in 2025? As the year comes to a close, now is the perfect time to pause and review your business’s legal structure. Why? Because the right entity can do more than just keep you compliant. It can lower your tax bill, protect your personal assets, and open the door to new tax incentives. Why a Review Matters: • Tax laws and incentives change every year • Your business income, size, or goals may have shifted • The wrong entity could...
8 days ago • 1 min read
Unlock Big Tax Savings: How Accelerated Depreciation Can Boost Your Bottom Line in 2025 Did you know that when you buy equipment, vehicles, or improvements for your business, you don’t always have to wait years to write off the cost? Thanks to accelerated depreciation, you may be able to deduct more or even all of the purchase in the first year, putting tax savings and cash flow back in your hands faster. What Is Accelerated Depreciation? Accelerated depreciation allows you to take bigger...
15 days ago • 2 min read
Unlock Big Tax Savings: How Accelerated Depreciation Can Boost Your Bottom Line in 2025 Did you know that when you buy equipment, vehicles, or improvements for your business, you don’t always have to wait years to write off the cost? Thanks to accelerated depreciation, you may be able to deduct more or even all of the purchase in the first year, putting tax savings and cash flow back in your hands faster. What Is Accelerated Depreciation? Accelerated depreciation allows you to take bigger...
15 days ago • 2 min read
Why Tax Planning Is Your Most Powerful Financial Tool (A Q&A) As we enter the final quarter of the year, it’s time to shift focus from what’s behind us to what’s ahead. While tax filing is an annual obligation, tax planning is a year-round opportunity—one that can save you money, improve cash flow, and set you up for long-term success. That’s why we’re kicking off a new series this month, breaking down a key tax planning topic each week. Our goal? To help you keep more of your hard-earned...
22 days ago • 1 min read
Major Update: The IRS is Phasing Out Paper Checks Get ready for a big change! To boost security and efficiency, the IRS is discontinuing most paper checks for federal tax refunds and payments after September 30, 2025. This is a major step toward modernizing the U.S. financial system and will affect how you receive money from the IRS and how you pay them.Why the Change?This shift is part of a broader federal initiative to streamline transactions, lower costs, and reduce fraud.Faster Access:...
29 days ago • 2 min read
Tax Alert: Don't Miss These September 15th Deadlines! The busy tax season continues! For many US businesses, September 15th is a critical date with two important deadlines approaching fast. Make sure you're prepared to avoid penalties. 1. Extended S Corporation & Partnership Returns Due If your business operates as an S Corporation (Form 1120-S) or a Partnership (Form 1065) and you filed for an extension earlier this year, your extended federal tax return is due by September 15, 2024. S...
about 1 month ago • 1 min read
Don’t Panic! What to Do When You Receive a Letter from the IRS or State Agencies If you’ve ever opened your mailbox to find a letter from the IRS or a state tax agency, your first reaction may have been anxiety. But here’s the truth: not all tax notices are bad news. In fact, many are simply informational—confirming a change, requesting verification, or reminding you of a deadline. The key is knowing how to read the notice, what steps to take, and when to get professional help. Below is a...
about 1 month ago • 2 min read
Can You Grow Your Business Blindfolded? A Tax Pro's Wake-Up Call Imagine trying to drive a car with a foggy windshield. You might get where you're going, but it's risky, slow, and you're bound to miss important signs along the way. Your business financials are your clear view of the road ahead. At RSK Tax and Consulting LLC, we've seen firsthand how messy books can lead to missed opportunities, wasted time, and unnecessary stress. Here are the most common questions we get and our...
about 2 months ago • 2 min read
Financing Q&A: Strategies for Investors and Business Owners Interest rates remain elevated, and traditional bank financing is tighter than ever. But savvy investors and entrepreneurs are adapting — finding funding through creative, lender-friendly strategies. In this edition, we answer your top financing questions and share practical tips you can use right now. Q1: Banks keep rejecting me. What are my best options right now? DSCR Loans – Approval based on rental income, not personal income....
about 2 months ago • 1 min read