Whatley CPA Firm

21/07/2026

Charitable giving strategies, including qualified charitable distributions (QCDs), may provide tax benefits for eligible retirees.

20/07/2026

Maintaining your LLC requires ongoing responsibilities, such as filing annual reports, keeping records, and staying compliant with state requirements.

17/07/2026

16/07/2026

Life Changes Can Affect Your Taxes: Major events like marriage, having a child, buying a home, changing jobs, or retiring may affect your tax situation. It's a good idea to review your tax strategy after significant life changes.

15/07/2026

Don't Overlook Tax Credits: Tax credits can directly reduce the amount of tax you owe. Depending on your situation, you may qualify for education, child, energy-efficiency, or other valuable credits.

14/07/2026

Your adjusted gross income (AGI) is your taxable income minus certain deductions. It’s a key number because the IRS uses your AGI to determine whether you qualify for other tax credits or deductions.

13/07/2026

Your choice of entity—such as sole proprietorship, LLC, partnership, or S corporation—can affect how you pay taxes. As your business grows, it may be worth reviewing whether your current structure is still the most tax-efficient.

10/07/2026

"The future depends on what you do today."

09/07/2026

Starting a Business 101: Track startup costs carefully. Many expenses incurred before you officially “open” can still be deducted—things like website development, legal setup, branding, and early marketing. In many cases, you can deduct up to $5,000 of startup costs in the first year (with the rest amortized), so good recordkeeping early on matters.

08/07/2026

Understand the difference between types. A fixed annuity gives you a guaranteed interest rate and predictable value growth. A fixed indexed annuity ties returns to a market index (like the S&P 500) but typically caps upside in exchange for downside protection. A variable annuity invests in subaccounts and carries market risk, often with higher fees but more growth potential. Each serves a different purpose, and they are not interchangeable.