TAX INSIGHTS
Practical Tax Guidance for Better Financial Decisions.
Clear explanations of business tax strategy, individual tax planning, accounting decisions, and IRS matters—designed to help business owners and individuals understand the issues worth discussing with their CPA.
EXPLORE BY TOPIC
Insights Organized Around the Decisions Clients Face
Business Tax & Strategy
Planning topics for business owners, including estimated taxes, entity considerations, owner compensation, deductions, and year-round tax decisions.
Individual Tax Planning
Guidance for professionals, investors, and individuals navigating estimated payments, investment activity, major life changes, and more complex tax situations.
IRS Issues & Representation
Practical explanations of IRS notices, examinations, documentation requests, deadlines, and the process for responding to federal tax matters.
FEATURED INSIGHTS
Start With the Questions That Matter Most
Tax Planning vs. Tax Preparation: Why Timing Matters
Preparation reports what already happened. Planning creates an opportunity to evaluate decisions while there may still be time to affect the result.
S Corporation Reasonable Compensation: What Business Owners Should Know
Why shareholder-employee compensation matters, what factors can affect the analysis, and why a defensible approach should be based on the facts of the business.
Estimated Tax Payments for Business Owners
How estimated payments fit into cash-flow planning and why business owners should revisit projections when income changes during the year.
Common Tax Mistakes Small Business Owners Make
From weak recordkeeping to waiting until filing season to address planning opportunities, several recurring issues can make tax compliance more difficult than necessary.
What to Do When You Receive an IRS Notice
Start by identifying the notice, tax year, issue, response deadline, and the records needed to determine whether the proposed change is correct.
What to Expect During an IRS Audit
An overview of examination scope, information requests, documentation, communication, proposed adjustments, and why organized responses matter.
Have a Tax Question That Requires More Than a General Answer?
Tax Insights is educational. When the answer depends on your facts, schedule a consultation to discuss how the rules apply to your situation.
Information provided here is for general educational purposes and is not tax, legal, or accounting advice for any specific person or situation.
Lamas CPA 