Michael Rose CPA PC

09/17/2026

𝗪𝗵𝗮𝘁 𝘁𝗮𝘅 𝗱𝗼 𝗜 𝗽𝗮𝘆 𝘄𝗵𝗲𝗻 𝗜 𝘀𝗲𝗹𝗹 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?

What you’ll owe in taxes depends on how the sale is structured and exactly what the buyer is purchasing.

If you sell ownership shares or goodwill, some of the proceeds may be taxed at long-term capital gains rates.

But money tied to inventory, accounts receivable, or depreciation recapture can be taxed as ordinary income instead. And if you own a C corp, an asset sale can trigger tax at both the corporate and personal level.

So if you’re discussing a sale, don’t just ask, “What’s the offer?”

Find out whether the buyer is proposing an asset sale or stock sale, and how much of the purchase price will be assigned to things like goodwill, equipment, inventory, and receivables.

If you’re still 12 to 36 months away from selling, that’s also the time to review your entity structure. Once you’ve signed a letter of intent, your tax options can become much more limited.

09/17/2026

Google co-founder Sergey Brin recently bought a $42 million mansion on Lake Tahoe.

But the most interesting part of the transaction isn’t the private beach. It's the exact state line where the property sits.

The estate is on the Nevada side, in Crystal Bay. The purchase was part of a strategy to shift his permanent residency and corporate holdings out of California ahead of a proposed 5 percent billionaire wealth tax.

Let's be realistic: there probably aren't many billionaires reading this post.

But we have seen clients:

▪️ Move in advance of a major liquidity event to a lower-tax state

▪️ Shift their permanent residence to help manage their taxes

▪️ Evaluate how state-imposed estate and inheritance rules may impact where they live in their later years

Tax strategy is a year-round discipline, not an annual scramble.

Whether you are preparing for a business exit or mapping out your retirement years, we’re here to help.

Any companies mentioned are for illustrative purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Consult your tax, legal, and accounting professional if you are considering a decision in order to manage your tax situation.

09/16/2026

🗞️ Treasury made an unusually large move to calm a shaky corner of the bond market.

On September 10, the Treasury bought back up to $6 billion in 10- and 20-year notes, up from its typical $2 billion operation. Despite the move, yields kept climbing: the 10-year note reached 4.841%, the 20-year hit 5.314%, and the 30-year climbed to 5.307%, levels not seen since before the 2008 financial crisis.

🛢️ The pressure isn't coming from one place. Government debt has grown, tariffs and geopolitical tension have kept inflation concerns alive, and oil prices have climbed back above $100 a barrel.

Higher Treasury yields don't stay contained to the bond market. They tend to show up in mortgage rates 🏠, auto loans, and credit cards, which is why moves like this are worth watching even if bonds aren't something you follow day to day.

The much-anticipated announcement triples the normal buyback operation and follows an announcement from Treasury Secretary Scott Bessent.

09/16/2026

𝗪𝗶𝘁𝗵 𝗳𝗼𝘂𝗿 𝗺𝗼𝗻𝘁𝗵𝘀 𝗹𝗲𝗳𝘁 𝗶𝗻 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿, 𝘄𝗵𝗮𝘁 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗴𝗼𝗮𝗹 𝗱𝗼 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗽𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗼𝗻?

📚 Get the books caught up
💵 Improve cash flow
✂️ Cut an expense that’s gotten too high
📊 Get a clearer picture of where your money is going

09/15/2026

𝗖𝗮𝗻 𝗜 𝗳𝗶𝗹𝗲 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝘁𝗮𝘅 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗮𝗳𝘁𝗲𝗿 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟭𝟱?

No, if you filed an extension in April, October 15 is your federal filing deadline. There isn’t a second standard extension you can file to buy yourself more time.

There are limited exceptions for certain taxpayers living and working abroad, military members serving in designated combat zones, and people affected by federally declared disasters.

Otherwise, if October 15 is getting close and you’re still missing documents, start tracking them down now.

Can’t find a W-2 or 1099? Your IRS Online Account may have a Wage and Income Transcript showing information that’s already been reported to the IRS.

And if you have most of your documents ready, don’t wait for the last missing item before contacting your tax pro. Send us what you have so we can start reviewing your return and identify what’s still needed.

09/14/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗰𝗵𝗲𝗰𝗸 𝗯𝗲𝗳𝗼𝗿𝗲 𝗜 𝘀𝗶𝗴𝗻 𝗮 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗳𝗼𝗿 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?

Before you sign, check exactly what you’re agreeing to pay, how long the agreement lasts, and what each side is responsible for.

Then check the smaller details:

• Whether it renews automatically
• What it takes to cancel
• Any additional fees or charges
• When payments are due
• Any requirements you’ll need to meet during the agreement

𝙋𝙧𝙖𝙘𝙩𝙞𝙘𝙖𝙡 𝙩𝙞𝙥: Write down any part you don’t understand as you read. Then get those questions answered before you sign, instead of assuming you’ll figure them out later. A few extra minutes of reading can give you a much clearer picture of what your business is committing to.

09/14/2026

Which month historically gives the S&P 500 its biggest headache?

If you said October, think again!

Although October has a reputation for market events, September is actually the month that's experienced more downturns.

September finishes higher less than half the time (historically around 44 percent).

There are theories behind it.

Institutions often rebalance their portfolios at the end of the third quarter, adding to the volatility.

Traders return from a slower summer, which can shake up trading.

And the federal government's fiscal year ends September 30, so budget uncertainty also tends to land in September.

📰 Did you already know this? Or is this new news?

📋The S&P 500 is an unmanaged index that is considered representative of the U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index.

09/11/2026

𝗛𝗼𝘄 𝗱𝗼 𝗜 𝘀𝗲𝘁 𝘂𝗽 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗹𝗲 𝗣𝗹𝗮𝗻 𝗳𝗼𝗿 𝗺𝘆 𝗦 𝗰𝗼𝗿𝗽?

To set up an Accountable Plan for your S corp, start with these four steps:
1. Adopt a formal written plan that spells out eligible expenses, deadlines, and documentation requirements.
2. Create a monthly expense reporting system that records the amount, date, business connection, receipt, and business-use percentage for mixed expenses.
3. Submit your expense reports and receipts within the IRS 60-day safe harbor window, then formally approve them.
4. Transfer the approved reimbursement from your S corp account to your personal account and record it under the appropriate operating expense.

Want help putting an Accountable Plan and monthly expense process in place? Send us a DM.

09/11/2026

Twenty-five years ago today, the world stopped.

Never forget the lives lost. The families who carried on without them. The first responders who ran toward danger without hesitation.

And the unity that followed.

Some days aren't about lessons or takeaways. They're just about remembering.

09/10/2026

🚨 Scammers are getting more sophisticated, and the financial toll is growing.

Americans reported a record $15.9 billion in scam losses last year, up 25% from the year before. And the real number may be much higher, since many victims never report what happened.

⚠️ The problem is also widespread: 98% of Americans surveyed said they believe scammers have targeted them, and 3 in 10 said they’ve personally lost money or information.

Recovering stolen funds can be difficult, especially when someone is tricked into authorizing a payment. Victims may also be targeted again by criminals claiming they can recover the original loss for a fee.

🔐 If someone contacts you unexpectedly about money, an investment, or recovering funds you’ve already lost, slow down before sending anything. Verify who you’re dealing with through a trusted source, and be especially cautious if there’s pressure to act quickly.

Virtually every American has been targeted by scammers in some way, exclusive new polling data shows.