By the time your CPA is preparing your tax return, most opportunities to minimize taxes have already passed. The truth is that many people don’t know the difference between tax preparation and tax planning. While both are crucial for your financial health, they serve completely different purposes and happen at different times of the year. […]
Transform Your Tax Refund into Long-term Wealth: 7 Strategic Moves
Did you know that 25% of American taxpayers consider their tax refund free money? In fact, 26% of taxpayers report using their refund to treat themselves to things they normally wouldn’t buy, like clothing and accessories (45%), electronics (40%) and shoes (37%). Instead of spending your next refund on items that will come and go, […]
Missed the Tax Deadline? Getting Your Business Back on Track
Falling behind on tax filings can quickly put your business on the IRS’s radar. Whether due to financial constraints, staffing shortages or organizational transitions, missing even a single filing deadline can make your business vulnerable to penalties, interest charges and potential compliance investigations that can impact your company’s financial health and reputation. With a practical […]
Costly M&A Pitfalls (and How to Protect Your Deal)
One of the most frequent questions we receive from our business clients is about the common pitfalls in mergers and acquisitions (M&A) and how to avoid them. At Magone & Company, we advise many clients through M&A transactions, and here are the critical issues and key vulnerabilities that demand attention: Valuation blind spots I’ve watched […]
6 Identity Theft Prevention Tips
At Magone & Company, we’ve seen firsthand how devastating identity theft can be for individuals and their families. Your personal and financial information is constantly at risk, facing relentless threats and increasingly sophisticated schemes. The good news? There are many preventive measures you can take to significantly reduce your vulnerability. Here are some simple strategies […]
Breaking Down The One Big Beautiful Bill for Businesses
Recently enacted tax legislation known as The One Big Beautiful Bill was passed by Congress and signed into law on July 4, 2025. This new legislation brings immediate relief in several key areas while creating strategic decisions that require prompt attention. Here’s a summary of the most critical provisions that may impact your business: Research […]