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Understanding the New IRS Regulations on SECURE 2.0 Catch-Up Contributions for 2026

Key Takeaways Beginning in 2026, employees aged 50 or older who participate in a 401(k), 403(b), or 457(b) plan and earned more than $145,000 from their employer in the previous year must make their catch-up contributions on a Roth (after-tax) basis. Employers must update plan documents, payroll systems, and employee communications to stay compliant. All…

Developing a Long-Term Financial Vision in Times of Uncertainty

Key Points You can’t eliminate economic uncertainty, but you can prepare by setting clear goals and building flexible financial plans. Strong cash flow, diversified revenue, and adaptable operations create resilience. Policy changes, like the One Big Beautiful Bill Act (OBBBA) show why regularly revisiting your plan is essential. How Do You Navigate a Shifting…

Debt vs. Equity Financing: Which One Fits Your Business Best?

At some point, nearly every business owner faces a common question: How do I fund the next growth stage? Whether you’re eyeing new equipment, a larger space, or need extra cash flow, choosing the right kind of financing is a big decision that shapes your business well beyond the initial investment. Business owners typically consider…

Ask F+H: Does My Father Need to File a Gift Tax Return?

Dear Friedman Huey, My father needs more assistance at home as he gets older. To help him remain in his home, we immediately hired Quinn, a caregiver through a home healthcare company. Quinn has been an incredible asset to our father and our family, consistently exceeding our expectations. Although we’ve only known Quinn for a…

Tax-Smart Retirement Planning for Business Owners

Key Points Business owners have retirement plan options beyond standard IRAs. Solo 401(k)s, SEP IRAs, SIMPLE IRAs, and cash balance plans can unlock powerful tax savings. The One Big Beautiful Bill (OBBB) introduces new deductions and planning opportunities. What Makes Retirement Planning Different for Business Owners? Running your own business comes with freedom and…

The Strategic Role of Outsourced Controllership in 2025

Bringing financial clarity and leadership to growing businesses—without the full-time hire. As a business owner, you must juggle operations, manage people, plan for growth and closely monitor your financials. But in today’s environment, basic bookkeeping isn’t enough. More than ever, businesses need financial leadership—someone who can interpret the numbers, identify risks and guide decision-making. In…

Ask F+H: The Power of Portability: A Spouse’s Hidden Tax Opportunity

Dear Friedman + Huey, My husband Earl passed away earlier this year, and while I’ve received a lot of support and advice from my financial advisor and attorney, I’m worried there might be some tax-related steps I’m missing. I heard something about filing an estate tax return even if no tax is owed, something to…

SALT Deduction Expansion: What It Means for 2025–2029

Key Points: The State and Local Tax (SALT) deduction cap will temporarily increase to $40,000 starting in 2025, creating short-term tax planning opportunities for high earners in high-tax states. Taxpayers with income between $500,000 and $600,000 may see reduced or no benefit due to phaseouts and alternative minimum tax, making proactive income and deduction strategies…

Do You Need an Estate Plan Check Up?

Just like going regularly to your dentist twice a year and having your annual physical, the same should be done with your estate plan. As a general rule, you should review your will, revocable trust, power of attorney, and other estate planning documents at least every five years. But even more importantly, major life events are…

How Good Are You at Managing Your Money? A Practical Guide to Money Management

Money is more than just dollars and cents—it’s security, opportunity and peace of mind. Yet managing it well isn’t second nature for most people. Whether you’re a business owner, professional or retiree, the way you handle your finances can impact every part of your life—from your career and relationships to your long-term goals. So, how…