Is Your Charitable Giving Strategy Still the Most Tax-Efficient Approach?
Many individuals and families support charitable organizations year after year using the same approach. They write checks to causes they care about, claim the available tax deduction, and move on. Beginning in 2026, taxpayers who itemize deductions will see a reduction in their total charitable contribution deduction through a 0.5% phaseout based on adjusted gross […]
Maryland Taxpayers Can Use New Online Portal Beginning Sept. 1
Beginning Sept. 1, Maryland taxpayers will have a new way to manage their state tax accounts. The Maryland Tax Connect portal, currently used by businesses, will expand to include individual taxpayers, allowing them to file income tax returns, make estimated tax payments, establish payment plans, and access their tax information online. The enhanced portal also […]
The Next Evolution of Our Firm
Built on more than a century of trusted relationships, the firm’s new identity reflects its expanded expertise and integrated approach. The transition also brings May Barnhard Investments under the Councilor name as Councilor Wealth.
How Councilor Saved a Client’s State Tax Bill After a New York State Audit
Councilor secured a full no-change opinion in a three-year New York State tax audit by proving Connecticut home office nexus and eliminating the client’s exposure.
From Cleanup to Confidence: Preparing Nonprofits for a Strong Year-End Close
Help your nonprofit prepare for a smoother year-end close with stronger records, controls, and financial clarity.
The Hidden Value of Uncertainty in Divorce
Uncertainty in divorce can become a path toward clarity, resilience, and stronger financial decisions.
From Deductions to Depreciation: How the OBBBA Reshapes Business Taxes
The OBBBA reshapes business tax planning with expanded deductions, preserved rates, and new opportunities for savings.
OBBBA and Your Family: Maximizing Savings, Navigating Tax Changes
OBBBA brings key tax changes that can help families plan, save, and navigate new financial opportunities.
The End of the Paper Trail: IRS and Treasury Stop Paper Checks This September
Federal payments are moving away from paper checks, making direct deposit setup more important for taxpayers and benefit recipients.
Lobbying and Political Contributions: A Guide to 501(c) Entities & PACs
Nonprofits can choose the right entity structure to support advocacy, lobbying, political activity, and compliance goals.