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    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due in 2026
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    Why do I need a tax professional? Start planning after filing for how to be tax-efficient
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    Stay tax-efficient with multi-year planning strategies

    Tax planning is often framed through the lens of a single calendar year. In reality, income doesn't arrive in a...

    IRS tax return filing requirements to avoid court cases and why the IRS will audit
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    Five reasons why the IRS will audit you

    Each year, the IRS audits over one million tax returns. With agency resources shrinking, the IRS is more selective when...

    improve simple bookkeeping
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    Simple bookkeeping changes that reduce taxes instantly

    Some small business owners think tax savings come from complicated strategies, but the truth is simpler. Here are a few...

    taxable income items reduction ideas to lower your tax obligation
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    Lower this year’s tax obligation

    Now is a good time to assess your current situation and address those lingering tax moves that may improve your...

    the understanding and leveraging giving excess gifts and filing a gift tax return vs. bequests rules
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    Excess gift giving could cause a tax surprise

    In an effort to prevent taxpayers from transferring wealth tax-free from one generation to the next, there are specific limits...

    tax tips for expenses in hiring family members in your small business and leverage your children's earned income
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    One of the best places for parents to look for tax savings

    If you're a parent, your dependent children can be a source of tax savings. There are the well-known provisions in...

    Research charities
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    Six must-dos when you donate to charity

    Donations are a great way to support a deserving charity and also provide a tax deduction. Unfortunately, charitable donations are...

    Tax Breaks for Having Kids Maximize the Child and Dependent Care Credit to Deduct Summer Activity Expenses
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    Kids can be expensive! Here are some tax breaks to help

    Once people recognized that the tax code was for more than just collecting money to fund the government, it opened...

    Ideas to create your 2026 tax plan and get organized for it
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    Time to create your 2026 tax plan

    Tax planning combines how much you think you will make with the source (or how you make it), generating a...

    Reducing the Cost of Higher Education for 529 College Savings
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    Understanding 529 savings plans

    The tax-advantaged options for paying for education are vast… and a bit confusing. A great place to start is understanding...

    IRS tax season scams
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    Is it really the IRS? Four tips to ensure your security

    Pretending to be an IRS agent is one of the favorite tactics of scam artists, according to the Better Business...

    Tax Day Payments on April 15 Deadline
    Posts

    April 15 deadline is here. Did you pay your first quarter estimated taxes?

    Your individual tax return and your first quarter estimated tax payment are both due on Wednesday, April 15, 2026. The...

    What to Know about Your Status of IRS Tax Refund Deadline Notice CP53E
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    Refund delay? Understanding IRS Notice CP53E

    Executive Order 14247 requires federal disbursements, including income tax refunds, to migrate from paper to digital form. As you can...

    Delayed, do you need to file a tax return? Last-Minute Tax Tips
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    Last-minute details, tips, and freebies for Tax Day

    With the individual tax-filing deadline on Wednesday, April 15th, now is the time to complete all filing arrangements and payments....

    Reduce tax surprises and safgeguard your business with segregation of duties
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    Safeguarding your business’s cash with segregation of duties

    Fraud and embezzlement don't just happen at large companies. In fact, theft may be more common in small businesses because...

    tips for IRS guidance on new catch-up contribution rules for tax-favored retirement plan ideas
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    Retirement tips for every age

    Saving for retirement is not a one-size-fits-all journey, as each stage of life comes with different priorities, pressures, and opportunities....

    Deferring or Accelerating Income and Commonly Overlooked Tax Deductions
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    Don’t forget these ideas to lower your taxes

    The tax code is about 75,000 pages long, so it’s not surprising that there are many overlooked money-saving deductions hidden...

    Tax-Free Income
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    Ten sources of tax-free income everyone should know

    Wouldn't it be nice to have a source of tax-free income? You may be more fortunate than you realize. Listed...

    tax credits
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    Understanding tax credits vs. deductions

    Tax credits are some of the most valuable tools around to help cut your tax bill. But figuring out how...

    Why do I need a tax professional? Start planning after filing for how to be tax-efficient
    Posts

    Your tax planning cycle starts now

    Filing your 2025 tax return may feel like crossing a finish line. In reality, this moment marks the start of...

    Delayed, do you need to file a tax return? Last-Minute Tax Tips
    Posts

    Do you need to file a tax return?

    One of the more common tax questions is whether you need to file a federal tax return this year. The...

    tips for IRS guidance on new catch-up contribution rules for tax-favored retirement plan ideas
    Posts

    Want money when you retire? Here are some tips

    Retirement planning and tax planning go hand in hand. Here are five great retirement planning ideas on how to ensure...

    New Rules for Homeowners of Tax-Free Rental
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    Tax-free rental of your property

    Most income you receive is taxable income that is reported to the federal and state tax authorities. However, renting out...

    Help Your Small Business Grow
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    Simple ideas to help your small business

    Here are several ideas to help your small business grow and thrive. First, understand your small business to help it...

    easy-to-miss income
    Posts

    Easy-to-miss income sources that can cause tax headaches later

    The IRS is getting pretty good at comparing your income reports against what you claim on your tax return. The...

    Late Filing of S Corporation and Partnership Returns
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    Late filing of S corporation and partnership returns can be costly

    The IRS is penalizing the late filing of S corporation and partnership tax returns. This is despite the fact that...

    Year-End Tax Savings Checklist
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    Your ultimate tax filing checklist

    A smooth tax filing experience starts before your return is prepared. When your information is organized and easy to follow,...

    Retirement Account Early Withdrawal Penalty
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    The 10% early withdrawal penalty

    It's one thing to be taxed on retirement contributions and their related earnings when you withdraw funds from your IRA...

    improve simple bookkeeping
    Posts

    Improving the usefulness of your bookkeeping

    If you are just starting a business or have been in one for a while, you quickly understand the importance...

    Ideas to create your 2026 tax plan and get organized for it
    Posts

    Time to get organized for tax season

    With tax season officially underway, you want to make filing your return as stress-free as possible. This is even more...

    2026 Mileage Rates
    Posts

    New mileage rates announced by the IRS

    Mileage rates for travel are now set for 2026. The standard business mileage rate increases by 2.5 cents to 72.5...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due in 2026
    Posts

    Reminder: Fourth quarter estimated taxes now due

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    Tax resolution for filing your tax return
    Posts

    Consider these tax resolution ideas

    Every January brings a familiar ritual. We promise to eat better, exercise more, and finally organize the garage. These are...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    Creating order out of chaos

    As important tax records start filling mailboxes, how can you make sure your tax preparation goes smoothly and efficiently this...

    protect your tax information from phishing scams
    Posts

    Tips to protect your tax information

    Hackers and data thieves target personally identifiable information (PII). They also know their best score can be had by filing...

    Plan Your 2026 Retirement Contributions
    Posts

    Plan your 2026 retirement contributions

    As part of your planning for next year, now is the time to review the contributions to fund your retirement...

    Trump Account
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    IRS updates regulations for new Trump Accounts

    Recent tax legislation includes new provisions that allow for the establishment of new investment accounts for children ages 18 or...

    Tax resolution for filing your tax return
    Posts

    Getting ready for taxes this year and next

    Plenty of tax changes are lining up as the calendar turns toward 2026, and knowing what’s coming can help you...

    Year-End Tax Planning Checklist Tips in 2025
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    Your year-end tax and financial checklist

    Year-end is more than just wrapping gifts and planning celebrations. It’s the last chance to make smart money moves that...

    Setting up benefits
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    Setting up benefits for next year

    Each year, there's typically an open enrollment for many benefit programs from your employer. Here are some tips to consider...

    Borrowing money from your 401(k)
    Posts

    Borrowing money from your 401(k)

    For years, you have put away money from your pay into your employer-provided 401(k) retirement savings account. Your employer may...

    New Car Interest Log for standard business mileage tax deduction rates for 2024/2025
    Posts

    The new car interest deduction

    For years, the tax code has trended toward reducing the amount of interest that may be deducted on your tax...

    Business Year-End Tax Planning to Avoid Common Missing Items When Filing in 2025
    Posts

    2025 year-end tax planning tips for your business

    As 2025 winds down, you'll want to consider some tax planning for your business. Here are some ideas to help...

    Year-End Tax Planning Checklist Tips in 2025
    Posts

    Year-end tax planning tips: 2025 edition

    At the end of each year, there are some things to consider that may have a positive impact on your...

    Reduce tax surprises and safgeguard your business with segregation of duties
    Posts

    There is still time to reduce any tax surprises

    Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes...

    2026 Social Security Benefits
    Posts

    Social security benefits announced for 2026

    The Social Security Administration announced a 2.8% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2026....

    the understanding and leveraging giving excess gifts and filing a gift tax return vs. bequests rules
    Posts

    Leveraging gift rules to your advantage

    As you or your family members approach retirement, it's essential to understand the IRS gift-giving rules. With this understanding, there...

    Itemizing Deductions
    Posts

    Itemizing deductions may be back for you

    With the passage of the One Big Beautiful Bill Act (OBBBA), many who took a standard deduction may now need...

    Fair Market Value
    Posts

    Defending fair market value

    According to IRS Publication 561, fair market value (FMV) is the price that property would sell for on the open...

    Tax-Free Tips and Overtime Tax Tip Occupations
    Posts

    Tentative tax-free tip occupations announced

    In late September, the Treasury Department presented a list of preliminarily-approved occupations that will qualify for the new federal tax-free...

    Maximizing the Impact of Investment Losses
    Posts

    Using losers to make winners

    With the uncertainty in the marketplace, now is a good time to review the rules surrounding investment losses. This knowledge...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    Property taxes: What every homeowner should know

    Property taxes are still on the upswing in many parts of the U.S. To help get a handle on your...

    Business Year-End Tax Planning to Avoid Common Missing Items When Filing in 2025
    Posts

    Key tax planning topics to consider in 2025

    The U.S. tax code is constantly changing. What saved you money last year might cost you this year. In 2025,...

    Applicable Federal Rates
    Posts

    Understanding tax terms: Applicable federal rates

    Your grandson needs a car but cannot afford the payments. As a favor, you provide the $25,000 to purchase the...

    Tax Myths
    Posts

    The truth behind common tax myths

    Tax myths can spread quickly, leading to costly mistakes or missed opportunities. Here are several common tax myths along with...

    Reducing the Cost of Higher Education for 529 College Savings
    Posts

    Reducing the cost of higher education: Ideas to manage your tax breaks

    With kids now back in college, the fact of higher educational costs is impossible to ignore. As you or your...

    Third Quarter Estimated Taxes
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    elder care planning
    Posts

    Family teamwork: A smooth transition through the ages

    As you get older, so do your parents and grandparents. And at some point, the need for support and transition...

    From Sole Proprietor to S-Corp
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    From sole proprietor to s-corp: Consider a switch

    As a freelancer or contractor, at some point, you may wish to incorporate as an S corporation. Here’s a closer...

    overtime pay deduction
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    Overtime pay deduction explained: What the OBBBA tax law means for you

    With the passage of the One Big Beautiful Bill Act (OBBBA) of 2025, there's the ability to receive a deduction...

    Forecasting Your Business Tax Obligation
    Posts

    Multiple changes make forecasting your business tax obligation more important than ever

    Recent law changes require a new look for your business. The One Big Beautiful Bill Act (OBBBA) introduces several changes...

    Tax-Free Tips and Overtime Tax Tip Occupations
    Posts

    Tip and overtime tax breaks require your attention

    Two significant tax changes, including the elimination of tax on tips and overtime, were introduced in the One Big Beautiful...

    Jump-Start Retirement and Essential Estate Planning Strategies for Tax-Beneficial Savings
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    Make your child a tax-free millionaire

    Want to give your child or grandchild a jump-start on their retirement? How does a million-dollar tax-free account sound? Here's...

    New Custodial Accounts for Kids and The Kiddie Tax - Child Credits for 2021 Gift Return for Parents
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    What the new tax bill means for parents

    The One Big Beautiful Bill Act of 2025 (OBBBA) includes several tax breaks for parents. Here's a summary of what's...

    research tax credit for small business payroll taxes and compliance for businesses
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    New tax law lightens compliance for small businesses

    The One Big Beautiful Bill Act of 2025 (OBBBA) expands several tax benefits for businesses while easing certain compliance obligations....

    data for the income and spending of the federal government for the fiscal year ending September 30, 2023, as reported by the IRS in the 2024 instruction booklet for Form 1040
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    Income and spending details: The IRS lays it all out

    As required by law, every Form 1040 instruction booklet includes a section that shows where the federal government gets and...

    New benefits for seniors
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    Personal exemptions gone plus $6,000 new deduction

    The recently passed One Big Beautiful Bill Act (OBBBA) addresses some tax law uncertainty and creates some benefits impacting your...

    Tax-Free Tips and Overtime Tax Tip Occupations
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    Tax-free tips are here

    The One Big Beautiful Bill Act (OBBBA) exempts tip income from taxation. But as with any new tax law, the...

    Positioning your business for private equity: Key traits of an ideal platform company
    Posts

    Positioning your business for private equity: Key traits of an ideal platform company

    Private equity firms set up funds and solicit investment commitments from institutional or high-net-worth clients. The model of purchase typically...

    One Big Beautiful Bill Act
    Posts

    The One Big Beautiful Bill Act: What you need to know

    With the passage of the One Big Beautiful Bill Act (OBBBA), many temporary tax laws set to expire at the...

    Understanding property tax terms like basis and installment sale taxes
    Posts

    Understanding tax terms: Installment sales

    If you use an installment sale to help sell property, you can benefit from tax deferral and possibly lower your...

    New Custodial Accounts for Kids and The Kiddie Tax - Child Credits for 2021 Gift Return for Parents
    Posts

    Custodial accounts for kids: Understanding the trade-offs of this great teaching tool

    Many parents rely on piggy banks and birthday cash to teach children about money. But more are now turning to...

    Taxable or Not Taxable? Common Tax Questions
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    Common tax questions: What everyone is wondering

    Here are several of the most common tax questions and their answers. But like most things, there can be exceptions....

    Business Valuation Mistakes to Avoid
    Posts

    6 mistakes to avoid in a business valuation

    Business valuation mistakes can result in lost deals, undervalued assets, or even legal issues. If you're preparing for a sale,...

    How to Pay a Tax Bill With a Credit Card Payment Options
    Posts

    Understand the options and costs of paying a tax bill with a credit card

    Your tax bill has come and gone, with you still owing money because you're a little strapped for cash. Or...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
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    Watch out for these tax surprises

    Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due in 2026
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    tax tips for expenses in hiring family members in your small business and leverage your children's earned income
    Posts

    Be prepared for surprise business expenses

    Receiving a bill with unexpected expenses can significantly impact the cash flow of your business. Here are some tips you...

    taxes for seasonal workers
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    Seasonal jobs and taxes: What you need to know

    Summer jobs can be financially rewarding, but they can also come with tax consequences that are sometimes overlooked. Here are...

    Tax Opportunities When the Market Dips
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    When the market dips, tax opportunities rise

    With the current market uncertainty, the last thing on most taxpayers' minds is tax planning. However, amidst all these economic...

    EBITDA
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    You think your EBITDA is $4M? Let’s talk about your cousin on payroll and the Porsche

    Understanding your adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is crucial if you're preparing to sell your business....

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    Researching charities to avoid fraud and help others

    Summer months are often the time of an increase in natural disasters, and hurricane season comes right after. You want...

    Why do I need to keep good records or hire a tax professional to file a business return
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    Keep great business records with these tips

    Your bookkeeping system is the financial heart and lifeblood of your business. When set up and operating properly, your books...

    Crummey Powers in Family Trust and Estate Planning
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    Estate planning tips for every family

    If juggling priorities were an Olympic sport, young parents would win the gold medal. Raising kids, advancing careers, paying off...

    Start using your tax refund and tips for marriage planning
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    Time to start your tax planning

    Now that April has come and gone, you could wait until January to think about taxes again—but that’s a bit...

    Avoid Amending for Audits of an IRS Tax Return Audit
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    Better to be surprised now than during an audit

    After filing a tax return, most of us are simply relieved another tax year is done. Before storing away your...

    What is a quality of earnings report and why do you need one if you are selling your business? By Len Friedman, RRBB Valuation and Litigation Support
    Posts

    What is a quality of earnings report and why do you need one if you are selling your business?

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    Social Security Earnings Report Review
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    An earnings report review is for everyone

    Most of us go through life without being concerned about or checking our Social Security records. We assume the money...

    Age and Taxes
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    Age does matter, when it comes to tax obligations

    One of the elements that makes our federal tax code so hard to follow is that different laws for taxes...

    Record Retention: Tips to Organize Your Tax Records
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    A guide to tax record retention

    After filing your tax return, do not close the book on your taxes until you have set up next year's...

    Tax Day Payments on April 15 Deadline
    Posts

    It’s Tax Day! Don’t forget 1st quarter estimated payments

    Now is the time to pay your taxes and make your estimated tax payment. Both your individual tax return and...

    Why do I need a tax professional? Start planning after filing for how to be tax-efficient
    Posts

    Why do I need a tax professional when I can buy tax prep software?

    You may wonder, "Why do I need a tax professional when I can buy tax prep software?" If you listen...

    How to Pay a Tax Bill With a Credit Card Payment Options
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    Tax bill payment options expand digitally: Understand the options and costs

    As payment alternatives continue to evolve in the economy, so do the payment options available to pay your tax bill....

    Delayed, do you need to file a tax return? Last-Minute Tax Tips
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    Those pesky delays: Here are some of the common causes

    Wondering why your tax return is not finished? The delay can often come from one or two items that were...

    estimated taxes for tax day
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    It’s tax time! Here are some last-minute details and tips

    With the individual tax-filing deadline on Tuesday, April 15th, if you have not already done so, now is the time...

    Tax Break for Elderly Caregiver(s) Maximize Deductions for Assisted Living
    Posts

    How to maximize deductions for assisted living

    Someone in your family may need assisted living care at some point. This care can be at an assisted living...

    Incorrect Tax Form
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    Help! My tax form is wrong!

    As the April 15th deadline quickly approaches, you may be scrambling to get your ducks in a row. However, you...

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    Posts

    Tax uncertainty requires preparedness

    With several tax provisions set to expire at the end of this year, now is the time to evaluate your...

    Corporate Transparency Act Small Business Beneficial Ownership (BOI) Reporting Deadline
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    ALERT: Small business beneficial ownership reporting update

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    “RRBB,” an independent member of the Crete Professionals Alliance, is the brand name under which Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (including subsidiary entities) provide professional services. Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. Rosenberg Rich Baker Berman, P.A. is a licensed independent CPA firm that provides attest services to its clients, and RRBB Advisors, LLC (and its subsidiary entities) provide tax and business consulting services to their clients. RRBB Advisors, LLC (including subsidiary entities) and Crete Professionals Alliance are not licensed CPA firms. The entities falling under the RRBB brand are independently owned and are not liable for the services provided by any other entity providing the services under the RRBB brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC.

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