Financial Consultant & Planner - Mason J. Krangle, CPA, PFS

01/26/2026

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐓𝐢𝐩𝐬
𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬? 𝐇𝐨𝐰 𝐘𝐨𝐮𝐫 𝐂𝐏𝐀 𝐂𝐚𝐧 𝐇𝐞𝐥𝐩
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Buying a business seems like a single decision, but anyone who has stepped into that process knows it turns into a dozen decisions stacked on top of each other. You look at the numbers, yes, but you also end up looking at long-term risks that don’t show up in a spreadsheet. And somewhere in the middle of that evaluation, you realize you need a clearer way to weigh what you’re walking into.
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That’s where a CPA becomes far more than a financial advisor. They help you interpret the moving parts before momentum pulls you into a purchase that isn’t right—or gives you confidence when the opportunity actually deserves it.
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Click below to read the whole article on our Blog/website, check free resources and financial calculators on our website, and sign up for our free newsletters.
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If you would like to schedule an appointment, contact us to see how we can help.
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https://www.masonkranglecpa.com/blog/thinking-buying-business-how-your-cpa-can-help
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12/22/2025

𝐖𝐡𝐚𝐭 𝐒𝐦𝐚𝐥𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬 𝐒𝐡𝐨𝐮𝐥𝐝 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐓𝐚𝐱𝐞𝐬

Passing on a business is one of the biggest financial moves a small business owner will ever make. It’s also one of the most overlooked. Many entrepreneurs spend years refining products, training staff, and growing revenue—but put off deciding what happens when they eventually decide to step back. The result is often confusion, tax surprises, and lost value that could have been avoided with proper preparation.

Succession planning is the process of determining who will take over ownership and how the transition will unfold. It requires equal attention to leadership, valuation, and tax structure. For many owners, this is the moment where personal and financial goals collide. You want to preserve what you built while making sure the next phase is stable—for yourself, your family, and your employees.

Click below on the link to read the whole article on our Blog/website.
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https://www.masonkranglecpa.com/blog/what-small-business-owners-should-know-about-succession-planning-and-taxes

Check free resources and financial calculators on our website, and sign up for our free newsletters.

If you would like to schedule an appointment, contact us to see how we can help.

12/05/2025

𝐓𝐡𝐞 𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐘𝐞𝐚𝐫-𝐄𝐧𝐝 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐁𝐥𝐮𝐞𝐩𝐫𝐢𝐧𝐭: 𝟏𝟓 𝐌𝐨𝐯𝐞𝐬 𝐓𝐡𝐚𝐭 𝐌𝐚𝐤𝐞 𝐘𝐨𝐮𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐞𝐬 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐢𝐧 𝟑𝟎 𝐃𝐚𝐲𝐬
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This blueprint isn't another “year-end checklist.” It’s a four-week reset designed to put your finances on solid ground and give you the kind of momentum that carries through January like a tailwind at your back.
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With the right steps taken now, the year ahead can bring clarity, growth, and the peace of mind that comes with being prepared.
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Click below to read the whole article on our Blog/website, check free resources and financial calculators on our website, and sign up for our free newsletters.
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If you would like to schedule an appointment, contact us to see how we can help.
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https://tinyurl.com/Year-End-Money-Management

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11/21/2025

𝗦𝘁𝗲𝗽-𝗯𝘆-𝗦𝘁𝗲𝗽 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗟𝗲𝗴𝗮𝗹𝗹𝘆 𝗦𝗲𝘁𝘁𝗶𝗻𝗴 𝘂𝗽 𝗮 𝗡𝗲𝘄 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀

Starting a new business can feel like trying to learn a new language while juggling. It’s exciting—but also full of legal, financial, and regulatory steps that most first-time entrepreneurs don't expect. Whether you’re opening a solo consultancy or launching a small retail store, the early decisions you make will shape how smooth or difficult things become down the road.

Getting set up properly isn’t just about staying compliant—it’s also about building a stable foundation that supports growth, reduces risk, and makes tax season far less stressful.

Click below to read the whole article on our Blog, check our website and services, and contact us to see how we can help.
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https://www.masonkranglecpa.com/blog/step-step-guide-legally-setting-new-business

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11/11/2025

𝐂𝐚𝐧 𝐎𝐮𝐭 𝐨𝐟 𝐒𝐭𝐚𝐭𝐞 𝐂𝐏𝐀𝐬 𝐃𝐨 𝐘𝐨𝐮𝐫 𝐓𝐚𝐱𝐞𝐬?
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Yes, CPAs can provide tax planning and preparation to out of state clients.
This is thanks to CPA Mobility:
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https://cpamobility.nasba.org/about
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CPA mobility allows CPAs to provide tax services across state lines without having to register in each state. This provides individuals with an immense amount of freedom and flexibility when selecting a CPA for tax services.
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So, if you are an individual or own a business that operates in one state, but you prefer to hire an accountant from another state, you can in most cases.
You are legally able to hire a CPA in another state to provide the same or superior tax services as a local CPA. For those individuals living in a small community or who are several miles from a larger community, it can be beneficial to hire from a larger pool of CPAs.
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We are able to provide tax preparation and planning services to residents of most states. In fact, most of our clients are located out of state.

Check our website and services and let us know if we can be of assistance.
Sign up for our free newsletters.
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https://www.masonkranglecpa.com/contact

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11/07/2025

Are you exposing yourself to an audit from the IRS? Here are nine areas that may "trigger" and IRS audit.

There are few experiences that conjure such dread and stress as when a taxpayer has received notification from the Internal Revenue Service that he or she will undergo an audit of their tax returns. Frankly, it feels like a punch in the gut when you first read those words.

10/30/2025

𝐁𝐨𝐮𝐧𝐜𝐢𝐧𝐠 𝐁𝐚𝐜𝐤 𝐀𝐟𝐭𝐞𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐚𝐭𝐚𝐬𝐭𝐫𝐨𝐩𝐡𝐞

A financial catastrophe doesn’t always come with a warning. A job loss, medical crisis, divorce, lawsuit, or business failure can unravel years of progress in a matter of months. Whatever the cause, the impact is rarely just about the money - it’s the disruption to plans, routines, and in some cases, the ability to meet basic obligations.

But recovery is possible. And in many cases, the bounce back is less about a massive windfall and more about practical, steady changes that rebuild stability over time.

Click below to read the whole article on our Blog and explore our website to learn more about our services.
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https://www.masonkranglecpa.com/blog/bouncing-back-after-financial-catastrophe

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10/14/2025

𝟕 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐖𝐢𝐭𝐡 𝐎𝐧𝐞 𝐂𝐏𝐀 𝐅𝐨𝐫 𝐋𝐢𝐟𝐞

Financial advice is everywhere - apps, podcasts, social media, even coworkers offering “what worked for them.” But when it comes to navigating taxes, long-term planning, and business decisions, the real advantage comes from a long-term relationship with a professional who knows your full financial picture.
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That’s where working with one CPA over the long haul makes a big difference.
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A CPA isn’t just a tax preparer. They’re a trusted advisor who can help you plan, grow, and protect what you’ve built. And the more years you work with the same CPA, the more value that relationship tends to deliver. Here’s why.
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Click below to read the whole article on our Blog, and check our website and financial services.
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https://www.masonkranglecpa.com/blog/7-benefits-working-one-cpa-life

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08/19/2025

Prioritizing Financial Goals

Embarking on the journey to financial success can be overwhelming, particularly when faced with multiple goals and competing priorities. But taking the time to prioritize financial goals and then following through with them can reap tremendous and long-lasting benefits.

07/22/2025

𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐇𝐨𝐦𝐞? 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮𝐫 𝐂𝐏𝐀 𝐖𝐢𝐬𝐡𝐞𝐬 𝐘𝐨𝐮’𝐝 𝐀𝐬𝐤 𝐁𝐞𝐟𝐨𝐫𝐞 𝐘𝐨𝐮 𝐒𝐢𝐠𝐧

A new home comes with excitement, hope — and often, a lot of paperwork. While most buyers focus on curb appeal, location, and loan approvals, few think to consult their CPA before signing a contract. That can be a costly mistake.
Your CPA doesn’t just file your taxes—they understand how a major purchase like a home can affect your financial picture for years. Before you commit, there are some questions your CPA hopes you’ll ask.

Click below on this link to read the whole article on our Blog.
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https://www.masonkranglecpa.com/blog/buying-home-what-your-cpa-wishes-you%E2%80%99d-ask-you-sign

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06/24/2025

~ 𝐒𝐡𝐨𝐮𝐥𝐝 𝐘𝐨𝐮 𝐁𝐞 𝐖𝐨𝐫𝐫𝐢𝐞𝐝 𝐀𝐛𝐨𝐮𝐭 𝐚𝐧 𝐀𝐮𝐝𝐢𝐭? 𝐇𝐞𝐫𝐞’𝐬 𝐭𝐡𝐞 𝐓𝐫𝐮𝐭𝐡 ~

Few things create as much anxiety among taxpayers as the possibility of an IRS audit. However, the reality of audits is often far less alarming than you might assume. While it is important to file accurate returns and follow tax laws, the likelihood of an audit is lower than most people think, and those who take a proactive approach to tax compliance have little to fear.

Understanding how IRS audits work, why they happen, and how to minimize audit risk can provide peace of mind and help taxpayers stay prepared in the rare event that an audit occurs.

Rather than fearing an audit, taxpayers should focus on proactive tax planning and accurate reporting with the help of a CPA.

Click on the link below in a comment, to read the full article about an IRS audit on our Blog.
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06/22/2025

𝐓𝐚𝐱 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠
~ 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐓𝐚𝐱𝐞𝐬: 𝐀 𝐆𝐮𝐢𝐝𝐞 𝐟𝐨𝐫 𝐒𝐞𝐥𝐟-𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐝 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 ~

Self-employment offers flexibility, independence and the potential for unlimited earnings, but it also comes with important financial responsibilities - one of the most significant being taxes, as your CPA can attest to. Unlike traditional employees who have taxes withheld from their paychecks, self-employed individuals must handle their own tax obligations, including making estimated tax payments throughout the year. Failing to do so can lead to underpayment penalties, interest charges, and financial stress when tax season arrives. Understanding how estimated taxes work, how to calculate them, and when to pay them is essential for staying compliant with IRS rules and avoiding unnecessary costs.

Click below to read the whole article on our Blog and check our website and services.
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https://www.masonkranglecpa.com/blog/understanding-estimated-taxes-guide-self-employed-individuals

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