The CPA Shortage Is Real. A Fractional CFO Is Your Smartest Answer. Fewer accountants are entering the profession, and experienced CPAs are retiring faster than firms can replace them. For most small and mid-sized businesses, hiring a full-time CFO or senior controller now costs too much. A fractional CFO gives you senior-level financial strategy, clean books, and a faster month-end … Read More
Financial Guidance Built for Real Business Decisions
Business owners make important decisions every day. Some are immediate: whether to hire, purchase equipment, pursue a new opportunity, manage an unexpected expense, or address a cash-flow concern. Others shape the future of the company: how to improve profitability, reduce tax exposure, strengthen internal processes, finance growth, or prepare for succession. Those decisions should not be made in the dark. … Read More
Proactively Planning Tax Strategies
A Better Way to Manage Business Tax Obligations Tax planning should not begin when a business owner receives a year-end reminder, gathers receipts, or starts preparing a return. The most effective tax strategies are considered throughout the year—when owners still have time to evaluate options, understand consequences, and make informed business decisions. At TYS LLP, we believe tax planning is … Read More
IRS Expands Online Business Tax Account Features
A Strategic Guide for Modern Business Owners Setting up and managing an IRS Business Tax Account gives business leaders direct control over their federal tax obligations, eliminating unnecessary administrative friction. Designed to provide secure online access to important tax information, this digital tool allows business owners to track transcripts, view tax balances, and handle federal tax matters electronically without long … Read More
Child Tax Credit Guide: Strategic Planning and Maximizing Tax Savings
The Child Tax Credit Guide provides high-income taxpayers and business owners with actionable insights to maximize family tax savings while optimizing overall liability. For the current tax year, the Child Tax Credit (CTC) offers up to $2,200 per qualifying child under age 17, with phase-out thresholds beginning at $400,000 for joint filers and $200,000 for single filers. Proactive financial strategies—such … Read More
Taxpayer Assistance and Service Act:
Strategic Modernization for Small Businesses and High-Income Taxpayers The Taxpayer Assistance and Service Act (TAS Act) is landmark federal legislation designed to modernize IRS operations, reduce administrative backlogs, upgrade taxpayer technologies, and streamline procedural protections for business owners and high-net-worth individuals. By fundamentally overhauling how the IRS handles digital processing, estimated tax payments, S corporation elections, and audit enforcement, the … Read More
Strategic Planning for Construction Firms
Growth Strategies That Work Strategic planning drives every successful construction firm growth strategy. Because competition keeps rising, contractors need a clear roadmap covering market analysis, financial planning, operational efficiency, technology, and leadership. In fact, many firms struggle to scale without this roadmap. As a result, they waste resources and stall before reaching their goals. Specifically, this article breaks down five … Read More
Construction Accounting Methods
A Contractor’s Guide to Getting It Right Choosing the right construction accounting methods determines how accurately you track profitability across projects. Unlike retail or service businesses, contractors must match revenue to specific jobs over extended timelines. This makes method selection a strategic decision — not just a compliance checkbox. TYS Advisors help contractors across United States, implement the accounting methods … Read More
Is Your Financial Life Disaster-Ready?
Steps to Protect Your Financial Records Before the Unexpected Hits Hurricane season is underway, but hurricanes aren’t the only threat. Floods, wildfires, tornadoes, and severe storms can strike with little warning anywhere in the country — including right here in the Rochester area. For most people, the conversation around disaster preparedness focuses on physical safety. Financial and tax preparedness tends … Read More
Charitable Bunching in 2026
Maximizing Your Personal and Pass-Through Deductions For high-earning business owners, real estate investors, and high-net-worth households, routine annual giving frequently produces zero incremental tax benefit, because the standard deduction is now large enough that modest annual gifts don’t reliably push a household past the itemizing threshold. Bunching solves this without asking anyone to give a dollar more over time — … Read More
Maximizing Small Business Tax Deductions
A Practical Guide to Asset and Revenue Optimization Maximizing small business tax deductions requires moving beyond year-end receipt gathering and toward deliberate, year-round planning. Under current IRS rules, profitable businesses should coordinate first-year write-offs, bonus depreciation, and operational cost classifications to reduce their net tax liability — and do so in a way that is well-documented and audit-ready. Capital Investments: … Read More
Section 892 and Sovereign Wealth Funds
What U.S. Business Owners Actually Need to Know Section 892 of the Internal Revenue Code exempts foreign governments and sovereign wealth funds from U.S. tax on passive investment income. Most small business owners will never file under it. But when foreign capital shifts — and it is shifting in a big way right now — the downstream effects on U.S. … Read More