Tax-Smart Building Improvements
If your business is planning improvements to a building before year end, careful planning may allow you to maximize your 2026 tax deduction.
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Maximize Tax-Free Gifts of Ownership Interests in Your Business
Business owners may be able to transfer wealth more tax efficiently by gifting ownership interests to family members. For 2026, the gift tax annual exclusion is $19,000 per recipient.
Get Ahead of Taxable Benefits
As year end approaches, businesses have plenty of tax and payroll tasks competing for attention. One easy-to-overlook area is employee and owner benefits.
New Law Expands Disaster Tax Relief
The Doug LaMalfa Federal Disaster Tax Relief Certainty Act was signed into law in September. It extends expanded personal deductions for disaster-related losses temporarily available under the Federal Disaster Tax Relief Act.
Charitable Givers Get a New Tax Break
Beginning in 2026, taxpayers who take the standard deduction may deduct up to $1,000 of qualifying charitable contributions, or up to $2,000 for married couples filing jointly.
Could You Owe the NIIT?
Selling a highly appreciated investment late in the year could trigger an additional tax cost: the 3.8% net investment income tax (NIIT).
Jamie Megrath – Employee of the Quarter Q2 2026
We’re excited to recognize Jamie as Wheeler’s Employee of the Quarter! Jamie consistently demonstrates an exceptional commitment to her clients, her colleagues, and the firm while embodying each of Wheeler’s core values.
4 Tax-Smart Investment Moves Before Year End
As the end of 2026 approaches, look beyond investment performance and consider how taxes may affect your overall returns. Although tax considerations generally shouldn’t drive investment decisions, a year-end portfolio review may identify opportunities to reduce your taxes. Here are four to consider.
When LTC Premiums Provide a Tax Break
Are long-term care (LTC) insurance premiums tax-deductible? It depends. Qualified LTC policies are considered health insurance under federal income tax rules.