Encore Partners LLP

Thinking about buying equipment or upgrading your space before year-end? Act now — the new OBBBA rules let you deduct the full cost and turn smart spending into real tax savings.

https://encorepartnersllp.com/last-minute-tax-strategy-for-2025-improvements-expensing-and-bonus-depreciation/

Could missing receipts cost you thousands in deductions? They did for one taxpayer — don’t let poor recordkeeping undo your hard work.

https://encorepartnersllp.com/tax-court-case-provides-lessons-on-best-recordkeeping-practices-for-businesses/

Do you and your spouse run a business together? Learn three smart ways to structure it so you avoid costly tax surprises and keep more of what you earn.

https://encorepartnersllp.com/run-a-business-with-your-spouse-you-may-encounter-unique-tax-issues/

Ready to launch your business, but not sure which entity to choose? These five common business structures each have unique benefits—knowing the difference could save you headaches later.

https://encorepartnersllp.com/a-tax-guide-to-choosing-the-right-business-entity/

Did you know the 1099 threshold hasn’t changed since the 1950s? With the new law raising it to $2,000 in 2026, now’s the time to plan ahead—reach out to us today!

https://encorepartnersllp.com/the-new-law-introduces-a-game-changer-for-business-payment-reporting/

Did you know new tax changes could help you save more for your kids and get bigger credits for your family? Let Encore help you make the most of these updates and plan smarter for the ones you love.

https://encorepartnersllp.com/what-families-need-to-know-about-the-new-tax-law/

Did you know your spouse can still grow their retirement savings—even without a paycheck? A spousal IRA is a smart way to secure both your futures while making the most of 2025's higher contribution limits!

https://encorepartnersllp.com/understanding-spousal-iras-a-smart-retirement-strategy-for-couples/

Did you know your age can trigger key tax rules that impact your savings and retirement plans? Let Encore help you stay ahead of these milestones so you can make smarter financial moves for yourself and your loved ones.

https://encorepartnersllp.com/milestone-moments-how-age-affects-certain-tax-provisions/

Do you know the tax implications of financial aid for your child? Stay ahead of the game by understanding what’s taxable and how to avoid unexpected costs!

https://encorepartnersllp.com/is-college-financial-aid-taxable-a-crash-course-for-families/

Is college financial aid taxable? A crash course for families - Encore Partners If your college student is fortunate enough to receive some financial aid, what are the tax implications? It depends. Gift aid, which is money that a student doesn’t have to work for, is often tax-free. There are certain requirements, such as the recipient must be a degree candidate. Gift aid may ...

Think you don’t need a living trust because your estate isn’t large enough? Don’t wait until it’s too late—protect your legacy, avoid probate, and give your loved ones peace of mind with a plan that actually works.

https://encorepartnersllp.com/the-advantages-of-a-living-trust-for-your-estate-plan/

The advantages of a living trust for your estate plan - Encore Partners If you own substantial assets, you may want to consider setting up a living trust to bypass the probate process. Probate is a court-supervised procedure that ensures a deceased individual’s assets are distributed appropriately. However, it often involves complex legal steps, additional costs and p...

Are you sure your digital asset transactions are accurately reported to the IRS? Let us help you stay compliant and minimize costly penalties with expert guidance tailored to cryptocurrencies, NFTs, and beyond.

https://encorepartnersllp.com/digital-assets-and-taxes-what-you-need-to-know/

Digital assets and taxes: What you need to know - Encore Partners Crypto is on the IRS’s radar! If you bought, sold, mined, staked or were paid in digital assets like Bitcoin, Ethereum or NFTs, you must report it on your tax return. Near the top of your federal tax return, there’s a question asking if you received or disposed of any digital assets during the y...

Are your independent contractors truly classified the right way? Missteps could trigger IRS audits, penalties, and back taxes — get ahead of it now and protect your business.

https://encorepartnersllp.com/hiring-independent-contractors-make-sure-youre-doing-it-right/

Hiring independent contractors? Make sure you’re doing it right - Encore Partners Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for tax purposes is crucial. Misclassifying employees as independent contractors can result in exp...