Raven A. Herron & Company, PC

09/01/2026

📅 September is here! Don't forget: September 15 is an important tax deadline for many businesses. It's also the due date for Q3 estimated tax payments. Make sure you're prepared and avoid last-minute surprises.

08/27/2026

There’s a common refrain accountants hear after a major sale: “I wish I’d called you sooner.” By the time a business, rental property, or other significant asset has changed hands, many of the most effective tax-saving strategies are already off the table. If a sale may be in your future, now is the time to understand the financial and tax implications. A little planning today can help you keep more of what you’ve worked so hard to build.

Selling a business, rental property, or other large asset triggers a range of tax consequences, including capital gains tax, depreciation recapture, and the net investment income tax…

08/25/2026

🎉 Double the celebration today as we celebrate August milestones! 🎉

We're sending birthday wishes to Donnette, our amazing Senior Tax Specialist! Thank you for the care, expertise, and mentorship you bring to both our clients and team members every day.

And a big congratulations to Michelle on her work anniversary! Your dedication as a Senior Bookkeeping Specialist, along with your commitment to helping clients and supporting the growth of your colleagues, makes a difference every single day.

Join us in celebrating these two outstanding professionals! 🎂🥳👏

08/19/2026

Welcome to the final installment of our four-part retirement planning series. If the earlier stages focused on building wealth and preparing for retirement, this stage is about putting that plan into action.

Retirement marks a major transition. For decades, the primary goal is often to earn, save, and grow assets. Once retirement begins, the focus shifts to turning those assets into a reliable source of income while managing risks that can affect long-term financial security.

This new phase brings a different set of planning considerations. Market fluctuations can have a greater impact when you're taking withdrawals instead of making contributions. Tax strategies remain important, but the opportunities and challenges often change. Healthcare expenses, longevity, and the need for income that may last 20, 30, or more years become central to the conversation.

In this article, we'll explore the key financial decisions retirees face and the strategies that can help support a sustainable retirement. The goal is not simply to preserve wealth, but to use it thoughtfully, balancing income needs, risk management, and the personal goals that matter most to you and your family.

Retirement isn’t the end of financial planning. It’s where the real complexity begins. From building sustainable income and managing tax-efficient withdrawals, to preparing for healthcare costs…

08/12/2026

As we move into Part 3 of our four-part retirement planning series, the focus shifts from building wealth to preparing to use it wisely. While saving for retirement is important, the years just before retirement are often where some of the most impactful financial decisions are made.

For many people, income is still strong, major financial obligations may be starting to ease, and retirement is finally within sight. This creates a valuable opportunity to get organized, refine your strategy, and make sure your finances are aligned with the lifestyle you want in retirement. In this article, we'll explore the key planning areas to focus on as you approach this important transition.

The years leading up to retirement are one of the most critical windows in financial planning, offering opportunities to maximize savings, reduce future tax burdens, and position your portfolio for…

08/05/2026

Part 2 of a 4-Part Series: Optimizing and Protecting What You've Built
Financial planning is not a one-size-fits-all exercise. The financial decisions that make sense in your 20s and 30s can look very different from those that support success in your 50s, 60s, and beyond. As careers progress, families grow, wealth accumulates, and retirement approaches, financial priorities naturally evolve.

In this four-part series, we’re exploring how financial planning strategies should adapt through the various stages of life. Part 2 focuses on the mid-career years—a period when financial opportunities expand, but so do the complexities and consequences of the decisions you make.

By mid-career, many individuals have accumulated meaningful assets, established careers, and greater earning power. While increased income can create more financial flexibility, it often brings higher tax exposure, larger investment accounts, competing financial goals, and a broader range of planning decisions. The focus is no longer simply on saving and accumulating wealth. Instead, it shifts toward optimizing what you've built and ensuring all the pieces of your financial life are working together efficiently.

This stage often requires a more sophisticated approach to tax planning, investment management, risk mitigation, and long-term goal setting. Decisions made today can significantly influence future retirement readiness, business or career flexibility, and overall financial security.

In this second installment, we'll examine the key planning considerations for mid-career professionals and explore strategies to help maximize opportunities, reduce inefficiencies, and position yourself for the next phase of your financial journey.

Mid-career success often brings a more complex financial picture, and the strategies that worked early on may no longer be enough. From managing higher tax exposure to protecting the wealth you’ve…

07/31/2026

📊 It's Friday, and remember:

There's no crying in accounting.

There's only:
✅ reconciling
✅ reviewing
✅ fixing that one mysterious variance
✅ pretending the spreadsheet wasn't judging you all week

Happy Friday, friends! 💸😄

07/29/2026

Part 1 of a 4-Part Series: Building a Strong Financial Foundation

Financial planning is not a one-size-fits-all exercise. The financial decisions that make sense in your 20s and 30s can look very different from those that support success in your 50s, 60s, and beyond. As careers progress, families grow, wealth accumulates, and retirement approaches, financial priorities naturally evolve.

In this four-part series, we’ll explore how financial planning strategies should adapt at different stages of life. Part 1 focuses on the early career and young family years—a period when financial complexity begins to accelerate and the choices you make can have lasting implications.

As income increases and responsibilities expand, individuals often find themselves balancing competing priorities: paying down debt, saving for retirement, purchasing a home, building an investment portfolio, and managing the growing costs of raising a family. This is often the stage where financial management evolves into financial strategy.

It is also when many people first recognize the value of professional guidance. The decisions made during these years don’t just impact today’s financial picture—they have the potential to compound over decades. Establishing strong habits, making informed choices, and creating a coordinated plan can lay the foundation for long-term financial success. In this first installment, we’ll examine the key planning considerations for navigating this important stage of life.

The early career and young family years bring a rapid increase in financial complexity, as growing income, expanding responsibilities, and long-term decisions around saving, investing…

07/22/2026

Financial planning is not a one-size-fits-all exercise. The financial decisions that make sense in your 20s and 30s can look very different from those that support success in your 50s, 60s, and beyond. As careers progress, families grow, wealth accumulates, and retirement approaches, financial priorities naturally evolve.
Introducing this four-part series, we’ll explore how financial planning strategies should adapt at different stages of life and examine why a dynamic approach to financial planning matters and how changing circumstances can affect key decisions around saving, investing, taxes, and long-term goals.

Effective financial planning isn’t a one-time event, it’s an ongoing process that must adapt as your life, income, and goals change over time. From building early savings to navigating tax strategy in…

07/20/2026

Calling all July birthday's!!!

We have been celebrating this birthday ALL month long!

Happy birthday Wendy! We hope you've had a great month and an amazing birthday. 🎂