Blumark Tax Advisors

06/23/2026

Funding a child’s athletic journey comes with a mountain of costs. While sports expenses generally fall under non-deductible personal spending, smart planning can reveal several legitimate ways to recover some of these out-of-pocket costs at tax time. The strategy lies in how the expenses are structured.

Read our full playbook to see how to properly categorize your family's athletic expenses and maximize your deductions.

Balancing your family’s busy schedule is challenging enough without trying to untangle complex IRS regulations. At Blumark Tax Advisors, we partner with parents and rising student-athletes to structure sports revenue and family deductions efficiently. If you want to ensure you are maximizing your family's write-offs while keeping your student-athlete fully compliant, we can help you build a clear financial game plan.

Learn when youth sports expenses may qualify for tax credits, deductions, medical expenses, charitable giving, or NIL business income.

06/22/2026

Our new Blumark office is officially starting to feel like home! While our day-to-day operations are in full swing, the fun part is ongoing: adding brand details that make the space uniquely ours and adding those final finishing touches to make the office truly look and feel like Blumark.

Stepping into this new phase for our company is incredibly exciting, and we want you to feel that exact same way when you think about your next chapter. Whatever you are preparing for, our team is ready to help you map out a solid approach.

We are so excited to welcome you in. Stop by soon to check out our progress and let's talk about the goals you are working toward!

06/21/2026

Strategic insight is essential for navigating an evolving tax landscape. Our Learning Center offers professional perspectives designed to help you mitigate common administrative hurdles and stay informed on strategies to preserve your capital.

These resources provide a strong baseline for staying current, and they are most effective when integrated into a comprehensive strategy.

Professional tax planning offers the additional value of high-level oversight and a customized roadmap tailored to your specific objectives. Contact our team today to discuss how we can further optimize your long-term financial health.

📧 Email: [email protected]
📞 Phone: 248.289.1647

Blumark learning center offers free tax planning, bookkeeping and small business tips and tricks.

06/21/2026

The federal "No Tax on Tips" legislation introduces a major tax break for service-industry professionals, allowing eligible workers to deduct up to $25,000 of qualified tips from federal income tax. However, the final IRS regulations come with strict operational boundaries that both employees and business owners must navigate carefully.

Read our full guide to discover exactly how these final regulations affect your filing strategy and how to properly report your income to secure these savings.

Updating your payroll systems or adjusting your individual filing for a major new deduction can be daunting, but you don't have to guess on compliance. At Blumark Tax Advisors, we provide the expert oversight needed to help hospitality businesses and service professionals integrate these new IRS codes seamlessly. If you want to ensure your tracking methods are bulletproof while maximizing this new $25,000 deduction, we can help you set up a clear, audit-ready strategy.

Master the new IRS tips deduction rules. Learn about the $25,000 cap, MAGI phaseouts, TTOC codes, and reporting changes for 2025-2028.

06/20/2026

We are proud to celebrate someone who has been part of our journey since the early days. Congratulations to Robin Orlikowski on her induction into the Canadian Tenpin Bowling Hall of Fame, an incredible achievement!

06/20/2026

This Father’s Day weekend, we celebrate with gratitude the dads, mentors, and father figures who lead with strength, patience, and heart. Your dedication shapes families, builds communities, and inspires the next generation every day. Here’s to all the lessons, guidance, and love you give so freely.

Happy Father’s Day weekend to all who make a difference in ways big and small!

06/19/2026

Many business owners face tighter profit margins today due to shifting consumer behavior and persistent inflation. The most resilient companies aren't reacting with panic-driven cost-cutting. Read the full article to discover how data-driven discipline can protect your operations and keep your business moving forward.

Evaluating your strategy under market pressure isn't always easy, and that is where having a clear tax and financial roadmap comes into play. At Blumark Tax Advisors, we partner with business owners to translate this kind of macroeconomic uncertainty into structured, predictable cash flow planning. If you are looking to stress-test your current business framework, we can help you build the data-driven discipline your operations need to thrive.

Economic uncertainty is challenging small businesses. Learn how owners are protecting cash flow, controlling costs, and staying resilient.

06/19/2026

Today, we honor Juneteenth and reflect on the values of liberty and progress.

In observance of the holiday, our offices are closed today, Friday, June 19. We look forward to assisting you when we reopen on Monday, June 22. Have a safe and meaningful weekend.

06/17/2026

State tax policy is shifting toward voluntary, consumption-based revenue models, driven largely by the expansion of legalized online sports betting. Since the federal ban was lifted in 2018, the majority of states have legalized wagering to capture revenue within their borders.

For state governments, this offers an alternative revenue stream to traditional income or sales tax adjustments. While many states now use these funds for specific public programs like education or infrastructure, gambling revenue is historically variable. This fiscal volatility creates unique budgeting challenges for long-term state planning.

At Blumark Tax Advisors, we monitor these shifting regional fiscal models to help you understand how changing state landscapes might affect your broader financial footprint. Read our full analysis of the economic trends shaping state taxation.

States are increasingly using online sports betting revenue to offset traditional taxes. Learn what this shift means for taxpayers and business owners.

06/15/2026

Local tax changes don't always stay local. Portland's recent municipal tax overhaul serves as a critical warning for high earners, remote executives, and multi-state business owners nationwide.

As local jurisdictions aggressively redefine "residency" and "sourced income," a single out-of-state investment or temporary remote working arrangement can inadvertently trigger heavy localized surtaxes. Protecting your revenue requires a proactive, multi-state approach that tracks exactly where your wealth is generated.

At Blumark Tax Advisors, we monitor regional legislative shifts to insulate your portfolio from unexpected local tax triggers. Check out our breakdown to see how these changing municipal landscapes could impact your broader financial strategy.

Portland's proposed arts tax overhaul shifts the burden to high earners. Discover what this local change means for national tax trends and your financial planning.