Best Practices for Small to Medium-Sized Company Tax Preparation

tysllpTax Accounting, Tax Prep

Best Practices for Small to Medium-Sized Company Tax Preparation

Maximizing Efficiency: Best Practices for Small to Medium-Sized Company Tax Preparation How do I get started and what are the best practices for small to medium-sized companies preparing to file taxes with a tax accountant? The most effective tax preparation begins with year-round, meticulous bookkeeping and culminates in a targeted, organized final review that focuses on maximizing deductions and ensuring … Read More

Advanced Tax Prep Tips for High-Net-Worth Individuals & Business Owners

tysllpCPA, Tax Accounting, Tax Planning, Tax Prep

Tax Prep Tips, Accounting Services

Don’t Leave Money on the Table: Basic tax prep tips—like organizing receipts and meeting the deadline—only get you so far. For small to medium-sized business owners and high-net-worth individuals, effective tax preparation is an aggressive, proactive strategy built on deep knowledge of the tax code and industry-specific regulations. The goal isn’t just compliance; it’s optimization. The TYS team, with a … Read More

Getting Your Taxes Ready

tysllpBusiness News, Tax Accounting, Tax Planning, Tax Prep

Getting Your Taxes Ready

Get Ahead of the Deadline: The Essential Checklist for Getting Your Taxes Ready Now Getting Your Taxes Ready. For most business owners and high-net-worth individuals, the annual tax deadline is synonymous with stress, late nights, and a scramble for misplaced receipts. However, at TYS, we view tax preparation not as a year-end chore, but as a year-round, strategic process that … Read More

🛡️ The OBBBA Sets new Estate & Gift Tax Exemption

tysllpCPA, Tax Accounting, Tax Planning, Tax Prep

new Estate & Gift Tax Exemption

How does the One Big Beautiful Bill Act affect Estate & Gift Tax planning? The One Big Beautiful Bill Act (OBBBA), signed in July 2025, provides unprecedented certainty for high-net-worth individuals and business owners. Specifically, the Act permanently sets the federal unified Estate & Gift Tax exemption amount. This amount is $15 million per individual or $30 million for married … Read More