Business Success Tips
Kimberly Bagley CPA PLLC is Now Trio Finance LLC: Same Dedicated Service, Expanded Expertise
Exciting News! After a lot of thoughtful consideration, I have sold my firm to Trio Finance LLC, effective July 10, 2026. This was not a quick decision, but one made with intention so I can continue serving you at a high level while also creating a more holistic...
OBBBA Overhaul: How the New 529 Rules Let You Save for More Than Just College
If you thought 529 plans were just for college savings, think again. The One Big Beautiful Bill Act (OBBBA) has officially expanded what these powerful education savings accounts can do—and the new rules make them far more flexible for families, entrepreneurs, and...
Can You Really Exclude Up to $25,000 in Tips from Taxes? Here’s Who Qualifies in 2025
If you earn tips as part of your income, the IRS just gave you a reason to celebrate. Starting in 2025, thanks to the One Big Beautiful Bill Act (OBBBA), qualifying workers can exclude up to $25,000 in tip income from their taxable earnings each year through 2028....
Before You Close the Books on 2025: Key Tax Moves That Can Save You Thousands (Updated Edition)
As we head into the final weeks of 2025, it’s time to take one last look at your books—and make sure you’re not leaving money on the table before the year wraps up. With the One Big Beautiful Bill Act (OBBBA) in full effect, there are several key strategies business...
How the New Solo 401(k) Tax Credit Works for Self-Employed Business Owners
If you’re self-employed, you already know the Solo 401(k) is one of the most powerful retirement planning tools out there. It allows you to contribute as both the employer and the employee—building retirement savings quickly while cutting your taxable income. Now...
Paper Refunds Are Ending — Here’s How to Make Sure You Still Get Paid Fast
The IRS has announced that it will phase out paper refund checks, requiring nearly all taxpayers to receive their refunds electronically starting soon. It’s a move toward speed, security, and modernization—but it also means you may need to update how you get paid. Why...
Gift Tax Returns: When You Need One and Why It’s Worth Filing Anyway
If you’ve given significant gifts of money or property, you might need to file a gift tax return—even if you owe no gift tax. And in many cases, filing is simply a smart move that protects you later. When You Must File You’re required to file a gift tax return (Form...
Should You Still Elect Pass-Through Entity Taxes Under the New OBBBA Rules
For years, pass-through entity taxes (PTETs) have been a popular strategy for business owners to get around the $10,000 SALT deduction cap. But with the One Big Beautiful Bill Act (OBBBA) increasing that cap to $40,000 through 2029, you might be wondering—should you...
Crypto Just Got Real: How the IRS Is Tracking Digital Assets Starting in 2025
The IRS is finally catching up with crypto. After four years of work, the agency has finalized new digital asset regulations—and reporting officially begins with your 2025 tax return. Starting next year, custodial crypto platforms such as Coinbase, Kraken, and Binance...