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INSIGHTS
Here we'll provide insights and news that could trigger an idea you may want to chat with us about.


Dollar Doldrums
This past January 13, a week before the Presidential inauguration, the U.S. dollar was riding high. How high? Measured against a basket...
ScottBSmith
Jul 31, 20252 min read


The Fed’s View of a Resilient Economy
There’s always a temptation to respond to the shadow of a recession, both for investors and policymakers. But the Fed’s action is a good example of prudence in the face of uncertainty.
ScottBSmith
Jul 30, 20252 min read


Saving Social Security
The proposal is, on its face, less painful than the alternative funding mechanisms.
ScottBSmith
Jul 10, 20252 min read


AI Gone Awry
The predictions about the future of artificial intelligence include two extreme views. One posits that AI will become a powerful, but...
ScottBSmith
Jul 9, 20252 min read


Mandatory Medicare Advantage?
It appears that the Medicare Advantage providers are growing impatient
ScottBSmith
Jul 7, 20252 min read


From Homeowner to Landlord: The Tax Playbook You Didn't Know You Needed
How to turn your old home into a cash‑flowing asset without getting crushed by taxes
ScottBSmith
Apr 30, 20255 min read


The IRS Takes Aim at Partnership "Basis-Shifting": What the Economic Substance Doctrine Means for Your Tax Strategy
The Internal Revenue Service has fired a warning shot across the bow of sophisticated tax planning: basis-shifting transactions in...
ScottBSmith
Jun 28, 20243 min read


The Case That Had Tax Lawyers Holding Their Breath-Supreme Court Upholds Mandatory Repatriation Tax
Moore v. United States delivers a cautious victory for the government while leaving broader questions about income taxation unanswered On...
ScottBSmith
Jun 21, 20245 min read


Home Office Allocation if Not Exclusive?
There was a content creator on Twitter the other week saying her tax preparer told her that she doesn’t need an exclusive space for her...
ScottBSmith
Jun 17, 20242 min read


Don't Write-off Your Personal Chef
My least-favorite tax-influencer Karlton Dennis is at it again, saying he can write-off his private chef because he just has business...
ScottBSmith
Jun 12, 20241 min read


Taxpayers are incorrectly receiving balance-due notices
Taxpayers are incorrectly receiving balance-due notices from the IRS even though they don’t actually have anything due. What is...
ScottBSmith
Jun 11, 20241 min read


Another day another PPP fraud prosecution.
Another day another PPP fraud prosecution. This one involves the former assistant city attorney of Atlanta Shelitha Robertson, who has...
ScottBSmith
Jun 8, 20241 min read


Worst, and Best, Home Improvement ‘Investments’
One way to prioritize home improvements is to eliminate the types of projects that are least likely to get you a return on your investment.
ScottBSmith
Apr 12, 20242 min read


Shrinking Tax Refunds: The Culprit Might Be Your W-4, Not Changing Tax Laws
The IRS has some news that might make your wallet feel a bit lighter this year. According to their reports, tax refunds are looking about...
ScottBSmith
Mar 9, 20242 min read


The Magic of Step-Up Basis: How Holding onto Assets Can Save You a Bundle in Taxes
Alright, tax enthusiasts, let's talk about a little tax provision that feels like a magic trick: the "Step-Up Basis." While I hesitate to...
ScottBSmith
Feb 25, 20242 min read


AI Joins the Fight Against Fraudulent ERC Claims
Get ready, folks - the IRS is about to level up their ERC audit game with the help of our friendly neighborhood AI! Darren Guillot, the...
ScottBSmith
Feb 18, 20242 min read


Maximizing Tax Savings Through Strategic Planning
Are you a small business owner looking to maximize your tax savings? Look no further than Alloy Accounting! Our specialized accounting...
ScottBSmith
Jan 31, 20242 min read


Unlocking the Secrets of Financial Statement Analysis
Unlocking the Secrets of Financial Statement Analysis Financial statement analysis is a crucial tool for understanding a company's...
ScottBSmith
Jan 15, 20242 min read


Taking Your Business to the Next Level with CFO Services
Are you a small business owner looking to take your business to the next level? Do you feel overwhelmed with managing your finances and...
ScottBSmith
Jan 1, 20242 min read
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