Blog | Paul Freidel CPA

Freidel & Associates, LLC Ranks No. 34 on the 2026 Inc. Midwest Regionals List

Freidel & Associates, LLC has ranked No. 34 on the 2026 Inc. Midwest Regionals list, which recognizes the fastest-growing companies in the region, a distinction that reflects not just strong revenue growth, but what that growth represents: a team that has nearly tripled in size in 2 years, and a client base that continues to entrust the firm with its most complex financial matters. Since January 2024, Freidel has grown from 12 to 33 employees. That's not a number the firm c

1 min read

Notebook labeled “Required Minimum Distributions” on a desk, illustrating RMD rules and retirement account withdrawal deadlines

What are Required Minimum Distributions?

Required minimum distributions (RMD) are the minimum amounts you must withdraw annually from select retirement accounts, such as traditional IRAs, 401(k)s and other employer sponsored plans. RMDs were created to prevent taxpayers from using these tax-advantaged retirement accounts as a permanent tax shelter.

3 min read

W-2 Reporting Changes for Tips and Overtime: Complete 2025–2026 Guide for Businesses and Individuals

The One Big Beautiful Bill Act (OBBBA) introduces two popular tax relief provisions for eligible workers: “no tax on tips” and “no tax on overtime.” These benefits apply as above-the-line deductions on individual, federal income tax returns for 2025 through 2028.

3 min read

Managing AGI with QCDs

The new One Big Beautiful Bill Act (OBBBA) introduces a senior deduction that makes Qualified Charitable Distributions (QCDs) even more valuable. By donating directly from an IRA, seniors can reduce taxable income, manage AGI, and avoid higher Medicare premiums. QCDs now play a bigger role in helping retirees maximize deductions and charitable impact under the updated tax rules.

3 min read