Wise Business Solutions

07/17/2026

Providing a gift of stock can make sense if handled properly. Read more.

Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.

07/10/2026

Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business?

Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.

07/10/2026

What do you see in the mirror? Your current self or your future self? You can’t achieve what you can’t envision.

07/07/2026

📢 Big news for small business owners!

The new tax law has made several temporary tax provisions permanent, giving business owners more certainty when planning for the future.

Some of the biggest changes include:
✅ The QBI deduction stays in place
✅ Tax rates remain unchanged
✅ Higher standard deductions continue
✅ The Child Tax Credit increases
✅ Higher estate and gift tax exemptions remain

Understanding these changes could help you make smarter financial decisions for your business—not just at tax time, but all year long.

We've broken down what these updates mean in our latest blog.

👉 Read the full article here:https://www.wisebusinesssolutionsde.com/taxlawchanges/

Learn how the new tax law impacts Delaware small businesses. Discover permanent tax changes, QBI deductions, and expert guidance from your trusted local CPA in

07/03/2026

The ensure you're ready for an audit, tax returns should be kept indefinitely and supporting documents should be kept a minimum of three years.

After filing your tax return, do not close the book on your taxes until you have set up next year's files, purged unneeded old records, and prepared your records in case of an audit. Here are some tips.

07/03/2026

Happy 4th of July from all of us at Wise Business Solutions! 🇺🇸

This weekend we celebrate the freedom, determination, and entrepreneurial spirit that make our communities and small businesses thrive.

As you enjoy time with family, friends, and fireworks, we hope you also take a moment to appreciate the hard work that makes your business possible. Thank you for trusting us to be part of your journey.

We wish you a safe, relaxing, and joyful Independence Day!

❤️🤍💙 Happy 4th of July! ❤️🤍💙

06/30/2026

Tax-Free Tips! Here are the details.

06/26/2026

It's not always a good idea to amend a tax return. Do you know how to choose?

Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.

06/24/2026

You know you're a small business owner when:
✔️ You know customers by name
✔️ You know their kids' names
✔️ You know their coffee order
✔️ And somehow you're invited to graduation parties. 😂

06/22/2026

📬 Received a letter from the IRS? Don't panic—but don't go it alone.

An IRS audit isn't a DIY project. IRS agents handle audits every day and know the tax code inside and out. One missed deadline, missing document, or poorly worded response could lead to additional taxes, penalties, and unnecessary stress.

Here’s why professional help matters:
✔️ We know your rights and the tax rules that apply to your situation.
✔️ We help gather and organize the records the IRS is requesting.
✔️ We ensure you provide the right information—without opening the door to additional audit scrutiny.
✔️ We manage deadlines and communicate with the IRS on your behalf.

If you've received an IRS notice, the sooner you act, the more options you may have.

At Wise Business Solutions, we're here to help you navigate the process with confidence and peace of mind.

📞 Contact us today if you've received an IRS notice and aren't sure what to do next.