
The HK Advisory Blog
Explore tips, tax updates, and small business strategies from our team to help you stay informed and make confident decisions.
Our Latest Posts

Streamlining Finances with Online Bookkeeping Benefits
Managing your business finances can feel like a never-ending task. You want to focus on growing your business, but the numbers keep piling up. That’s where online bookkeeping benefits come in. They simplify your financial management and give you more time to do what you love. Let me walk you through how online bookkeeping can change the way you handle your money. I’ll share practical tips, clear examples, and advice you can use right away. Why Online Bookkeeping Benefits Matter for Your...

Streamlining Finances with Online Bookkeeping Benefits
Managing your business finances can feel like a never-ending task. You want to focus on growing your business, but the numbers keep piling up. That’s where online bookkeeping benefits come in. They make your financial life simpler, clearer, and more manageable. I’ve seen firsthand how switching to online bookkeeping can transform the way you handle money. Let me walk you through why it’s a game-changer and how you can make the most of it. Why Online Bookkeeping Benefits Matter for Your...

Client Management Strategies: Mastering Client Relationship Management Best Practices
Building strong relationships with your clients is the backbone of any successful business. When you manage these relationships well, you create trust, loyalty, and long-term success. But how do you do that consistently? How do you make sure your clients feel valued and understood? Let’s dive into some practical, easy-to-follow client management strategies that will help you grow your business and keep your clients coming back. Why Client Management Strategies Matter You might think that...

Comprehensive Financing Options Guide for Your Business
Starting or growing a business means you’ll likely need money at some point. But where do you turn? What are your choices? I’m here to walk you through the most common ways to fund your business. This guide breaks down your options in simple terms. You’ll get clear examples and practical tips to help you decide what fits your needs best. Your Financing Options Guide: What’s Out There? When you look for money, you’ll find many paths. Each has pros and cons. Here’s a quick overview of the main...

Comprehensive Financing Options Guide for Your Business
Starting or growing a business means one thing for sure - you need money. But where do you get it? How do you choose the right financing? It can feel overwhelming. I get it. That’s why I put together this financing options guide to help you understand your choices clearly. You’ll find practical tips, examples, and simple explanations to make confident decisions. Your Financing Options Guide: What’s Out There? When you look for money to fund your business, you have several paths to explore....

No Tax on Tips in 2025? Here’s What Actually Changed
Title: No Tax on Tips for 2025? Not Exactly — Here’s What Actually Changed For years, tipped workers have heard the same rule: tips are taxable income . That part hasn’t changed. What has changed for the 2025 tax year (filed in 2026) is how some tip income may be treated on your federal tax return. Here’s the plain-English breakdown. Tips Are Still Taxable Income All tips — cash, credit card, pooled, or shared — are still required to be reported as income. Payroll taxes (Social Security...

Strategic Financial Planning Strategies for Small Businesses
Running a small business is exciting but can be overwhelming, especially when it comes to managing your finances. You want your business to grow, but without a clear financial plan, it’s easy to get lost in the numbers. That’s why strategic financial planning is a game-changer. It helps you make smart decisions, avoid surprises, and keep your business on track. Let’s dive into how you can take control of your business finances with practical, easy-to-follow strategies. Why Financial Planning...

Essential Corporate Tax Deadlines: What You Need to Know
Filing your corporate taxes can feel like a maze. Deadlines, forms, and rules swirl around, making it tough to keep track. But here’s the good news: you don’t have to navigate this alone. I’m here to break down the essential corporate tax deadlines so you can stay on top of your game. No jargon, no fluff—just clear, practical info you can use. Understanding Corporate Tax Deadlines Corporate tax deadlines are the dates by which your business must file tax returns and pay any taxes owed....

What the 2026 Tax Filing Season Means for Taxpayers and Businesses: Key Changes to Know Now
The IRS has announced that the 2026 tax filing season will officially open on January 26 , consistent with recent years. While the date itself may feel routine, this filing season is shaping up to be anything but business as usual. Between major legislative changes , new deductions and credits , and a significantly reduced IRS workforce , taxpayers and businesses should prepare for a more complex—and potentially slower—filing environment. Here’s what you need to know and how proactive tax...

Understanding New Tax Deductions for 2025: What Small Business Owners Need to Know
The IRS has released Notice 2025-69, providing clarity on two significant new deductions under the One, Big, Beautiful Bill Act (OBBBA). If you earn tips, work overtime, or employ workers who do, these rules may impact your 2025 tax return. These deductions apply for tax years 2025 through 2028 . For 2025, the IRS is allowing simplified methods due to delayed reporting updates. Deduction for Qualified Tips (Up to $25,000) Workers in occupations that typically receive tips before December 31,...

How OBBBA Changes Charitable Giving in 2025–2026
The One Big Beautiful Bill Act (OBBBA) reshapes charitable giving rules beginning in 2026, making 2025 a crucial planning year for maximizing tax benefits. Key changes include a new universal deduction for non-itemizers, a 0.5% AGI floor for itemizers, and a 35% cap on the tax benefit of itemized deductions for those in the top tax bracket. Taxpayers may benefit from accelerating contributions into 2025 or using strategies such as donor-advised funds, bunching, or qualified charitable...

2025 U.S. Government Shutdown – What It Means for Your Taxes
The U.S. has officially entered a federal government shutdown as Congress failed to reach a funding agreement for the new fiscal year beginning October 1, 2025. While shutdowns can feel far removed from everyday life, they directly affect taxpayers and small business owners who rely on timely IRS operations. Here’s what you need to know about how this 2025 shutdown is impacting taxes: What Happens During a Shutdown? A government shutdown occurs when Congress fails to pass—or the President...



































