Posts by Louis DeLuca, CPA, MST

Families have more ways than ever to invest for the future of their children. That is good news, but it can also create decision fatigue. The “best” account depends on what the money is for (education, first home, long‑term wealth), who should own and control it, and how you want taxes handled along the way.…

For decades, many taxpayers have relied on a simple idea: if a tax return or payment is postmarked by the due date, it is treated as timely filed or timely paid even if it arrives later. That principle lives in Internal Revenue Code Section 7502, often called the “timely mailing treated as timely filing and…

Choosing the right method of accounting is a foundational decision for every business, impacting not only your tax liability but also your cash flow, financial reporting and overall business strategy. There are two primary methods, which are cash and accrual, and each has distinct rules, advantages, and limitations. Understanding which method is right for your…

Fraud has always followed wealth. Today, the speed, realism and scale of attacks have increased. Attackers use public data, clone voices, spoof emails and phone numbers and pressure well-meaning employees into wiring large sums within minutes. For affluent families and their professional teams, fraud attempts are inevitable. The real question is whether your process can…

If you only do deep tax housekeeping once a year, make it now. With new 2025 rules, several “sunsets” that were expected for 2026 were reshaped by the One Big Beautiful Bill Act (OBBBA), and inflation-indexed thresholds, smart moves before December 31 can meaningfully lower what you owe next spring and set you up for…