Insights by Author: Crystal Knepler, CPA

Why 2025 Year-End Tax Planning Matters More Than Ever

December 17, 2025

As 2025 comes to a close, businesses and individuals face a tax environment defined by heightened complexity and rapid change, driven largely by the mid-year enactment of the One Big Beautiful Bill Act (OBBBA). This landmark legislation has reshaped planning strategies around depreciation, capital investments, and qualified business deductions, requiring taxpayers to reassess decisions already made while identifying time-sensitive opportunities before year-end. In this climate, effective tax planning goes beyond compliance—it demands proactive, strategic action to manage risk, optimize cash flow, and position for both immediate and long-term tax efficiency.

Year-End Tax Planning for Individuals

November 19, 2024

As we approach 2025, future tax policy is bracing for change in the coming years. With…

Key Tax Considerations for Real Estate Investors in 2024

March 11, 2024

Amid the backdrop of market realignment, higher interest rates, and shifting workplace habits, investors remain cautiously…

2023 Year-End Tax Planning for Individuals

November 10, 2023

As the 2023 tax season winds down, it’s time to take a closer look at year-end…

2022 Year-End Tax Planning for Individuals

November 11, 2022

While 2022 started out with some uncertainty about potential tax law changes, very few of the…

Stimulus Payments Being Sent as Visa Debit Cards

May 25, 2020

The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since…

Year-End Tax Planning for Businesses

November 22, 2019

The first year of filing under the new Tax Cuts and Jobs Act (TCJA) is in…

Top 5 Real Estate Accounting Mistakes

August 7, 2019

Even some of the savviest real estate brokers can get trapped in the most common accounting…

IRS Audits Decline for Millionaires and Large Businesses

April 30, 2019

IRS audits of wealthy taxpayers and big business are on the downtick, reaching record lows in…

A New Frontier in Cryptocurrencies: What are NFTs?

Non-fungible tokens — a player in the shadowy cryptocurrency world — have increasingly been making their ...
Read this insight

The Future of Commercial Real Estate

The COVID-19 pandemic has had a dramatic impact on commercial real estate. Some sectors of the industry, ...
Read this insight

Consider Outsourcing Your Bookkeeping

Accurate and up-to-date financial records play an important part in your business's success, but the daily ...
Read this insight

Proposed Tax Increases on the Horizon

President Biden presented the American Families Plan in an April 28, 2021 address to Congress, which ...
Read this insight

DOL Withdraws Independent Contractor Rule

The Department of Labor recently withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” ...
Read this insight

IRS Relaxes FSA and DCAP Rules

The IRS is providing some leeway to employee benefit plans offering health flexible spending accounts (FSAs) ...
Read this insight

How Nonprofits Should Handle Tax Form 990

Form 990, Return of Organization Exempt From Income Tax, is the IRS’ method of evaluation to ...
Read this insight

Hidden Tax Break: Meal Deductions Get a Boost

The Consolidated Appropriations Act, 2021 contained a provision designed to give a boost to the restaurant ...
Read this insight

COVID-19 Resource Guide: Everything You Need in One Place

Office Updates While BPW is categorized as an essential business due to the importance of tax ...
Read this insight

BPW Moves Forward with April 15 Deadline

The IRS and California Franchise Tax Board recently announced that the income tax filing deadline for ...
Read this insight

New Stimulus Package: What You Need to Know

The third stimulus package valued at $1.9 trillion made its debut last week after President Biden ...
Read this insight

Erroneous Notices from the IRS and States

Many clients have received CP59 Notices notifying them about missing Forms 1040 for the tax year 2019. In ...
Read this insight