Innovation Tax Service

05/05/2026

Berkshire Hathaway CEO Greg Abel celebrates Buffett's legacy and provides a playbook for leaders stepping into big roles.

05/04/2026

Private credit has been a source of anxiety in markets this year. Mohamed El-Erian said this year that stress in the sector may be a "canary in the coal mine" moment. Goldman found that credit stress isn't a reliable indicator of broader financial market stress.

05/04/2026

Receiving Online Payments - Did You Know?

If you are self-employed and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may overreport your income.

05/03/2026

Strategist Jim Paulsen says tech stocks are poised to underperform. When the yield curve steepens, tech earnings tend to lag behind the market within 18 months, he said. Economic conditions are easing, which can lead to stronger performance in other parts of the market.

05/02/2026

As landscaping costs rise, these projects offer lessons in making smart design decisions—whether you’re looking to spend $5,000 or $500,000

05/01/2026

Shoppers are buying less where prices are rising fastest, showing that inflation isn’t being driven by demand but by companies passing on costs

04/30/2026

Four of the biggest companies in the US — Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp. — report earnings after the bell. And if they hit at the same time as last quarter, it will all play out in just 80 seconds.

04/29/2026

The good news is that teens are highly interested in investing. The bad news is that they can be exposed to a horde of online influencers peddling dubious advice about how to go about doing it.

04/28/2026

04/27/2026

Updated Withholding Estimator Available for 2026

Having the right amount of tax withheld from your pay protects you against unpleasant spring surprises, while ensuring that you do not unnecessarily sacrifice take-home pay. The IRS recently made important updates to its Withholding Estimator tool (link below), to account for tax law changes enacted in 2025. Those changes include the "No Tax on Tips" and "No Tax on Overtime" deductions, the car loan interest deduction and special deduction for seniors, and the new deduction rules for charitable donations.

Verifying the accuracy of your withholding a couple of times a year is especially important if you and your spouse both work, or if you owed tax this spring, work multiple jobs, or have self-employment or investment income. It is also a good idea to complete a withholding checkup anytime you experience a major life change like marriage, or the birth or adoption of a child. Using the Withholding Estimator typically takes 25 minutes or less, and you do not have to log in or provide any personally identifying information. If an adjustment to your withholding is needed, the tool can help you complete a new W-4 form to submit to your employer.

IRS Withholding Estimator Tool: https://www.irs.gov/individuals/tax-withholding-estimator