On May 22, 2025, the U.S. House of Representatives passed the "One Big Beautiful Bill Act" (OBBB), which has now  moved to the Senate for consideration and includes a tax and spending package which will have a significant impact on tax liability and tax planning options for individual taxpayers and businesses. So what could it mean for you? 

Today, I want to talk to you about why analyzing your business using a segmented P&L is essential in today’s business environment if you want to remain/become competitive in growing your profitability. 

Maybe you’ve asked:

"My Revenue is up, we’re growing topline… but I don’t see my profits and more importantly, my cashflow reflecting this growth?"

Navigating the complex landscape of healthcare is already challenging, and when mixed with complicated business tax filing it can be a real headache. Whether you’re a physician, dentist, therapist, or practice owner, understanding how to strategically reduce your tax liability is essential to maximizing your income and growing your practice.

Taking shares for your fee is an excellent way to create upside for your consulting work, but make sure you are being smart about the transaction

At Visibility  we know that the word “loss” can cause concern for taxpayers—but it shouldn’t necessarily! In fact, tax losses are not just manageable; they can be powerful tax planning levers when understood and used correctly.

When it comes to saving for a child’s or grandchild’s education, 529 plans are a powerful tool—but understanding their tax treatment and contribution limits is essential for maximizing their benefits.

When it comes to taxes, many individuals and business owners take a reactive approach—waiting until the deadline looms to gather documents and file returns.

For individuals and businesses with income not subject to withholding—such as self-employment earnings, interest, dividends, or rental income—the IRS requires the payment of estimated taxes throughout the year.

Managing taxes feels like a burden for many business owners. But with the right approach, it becomes an opportunity to build wealth and make better financial decisions.

The Earned Income Tax Credit (EITC) is a refundable tax credit aimed at supporting workers with children. It reduces the amount of tax owed, and may even result in a refund.

Tax season isn’t just about paperwork and deadlines—it’s also a time to stay vigilant against potential scams. Each year, the IRS releases its Dirty Dozen list, highlighting the most common tax-related scams.

Recently it feels like changes to legislation are coming out of Washington every day, and here at Visibility CFO & Tax Advisors we have been eagerly watching for what impact new legislation will have on federal taxes.

It has been a few minutes since there has been an update with the Beneficial Ownership Information (BOI) reporting legal battles and deadline on again and off again. A February 17, 2025 court decision lifted the nationwide injunction in Smith v. U.S. Department of the Treasury, meaning BOI reporting requirements are back in effect.

The 2024 Tax Season is underway. Proper planning can help you avoid last-minute stress and ensure you maximize deductions and credits. Are you ready to complete your 2024 tax filing? Below, we outline the key deadlines and essential documents needed to file your 2024 taxes efficiently.

As a real estate professional, you work hard to build wealth and maximize your investments. But are you leveraging the best tax strategies to keep more of your earnings? At Visibility CFO & Tax Advisors, we help real estate agents, investors, and brokers implement smart tax planning strategies that minimize liability and maximize savings.

Choosing the right business entity is an  important decision for any entrepreneur. It can influence everything from liability protection to taxation and growth potential. Many business owners start their journey informally, often as sole proprietors or default partnerships, but, as the business grows, seeking expert advice to establish a formal entity becomes essential to protect assets and optimize operations.

Managing taxes can be challenging as a sole proprietor! By taking advantage of available deductions and credits you can significantly lower your taxable income- but knowing if you qualify, planning ahead and keeping compliant records isn’t always top of mind with everything else you have to do while running a business.

When it comes to maximizing tax savings for your business, understanding and leveraging accelerated depreciation can be a game-changer. This tax strategy allows businesses to deduct the cost of certain assets quickly, offering opportunities to unlock financial freedom and invest more in growth.

For small business owners, finding ways to save on taxes while planning for the future is essential. One important strategy for business owners to know about is contributing to a retirement plan. Not only does this help secure your financial future, but it also offers significant tax advantages that can benefit your business today.

On December 27, 2024, FinCEN issued a critical update regarding the reporting requirements under the Corporate Transparency Act (CTA). Due to ongoing litigation, businesses are not currently required to submit beneficial ownership information, and no penalties will be imposed for non-compliance while this situation remains in effect. However, companies may still choose to submit beneficial ownership reports voluntarily.