If you’ve been thinking about replacing aging computers, upgrading restaurant equipment, or investing in new technology before the end of 2026, there’s an important tax change you should know about. 100% bonus depreciation is back—and this time, it’s permanent under current law. The One Big Beautiful Bill Act, signed into law in July 2025, restored…
September has a way of sneaking up on business owners. Summer is winding down, Q4 planning is beginning, and suddenly there’s another important date on the calendar: September 15. For many business owners, September 15, 2026, is the deadline for the third installment of estimated federal income taxes. That includes individuals who are required to…
When most business owners hear the word “audit,” it’s enough to make them nervous. The good news is that most businesses will never experience a full IRS audit. However, that doesn’t mean bookkeeping and recordkeeping aren’t important. Whether it’s responding to an IRS notice, answering questions from your accountant, applying for financing, or simply preparing…
When people think about tax planning, they often picture the final few weeks of the year—reviewing expenses, making last-minute purchases, and hoping to lower their tax bill before December 31. The truth is, some of the best tax planning happens long before the holiday season. By August, you’ve completed more than half of the year,…
Every year, it happens. A business owner sits down with their accountant in November or December, reviews their financials, and hears something they weren’t expecting: “Your books need a lot of cleanup before we can finish your tax planning.” Or worse: “Your tax bill is going to be significantly higher than anticipated.” By that point,…
When most business owners think about tax planning, they think about year-end. November rolls around, tax questions start popping up, and suddenly there’s a rush to review expenses, make purchases, and figure out how to reduce taxable income before December 31. The problem? By the time year-end arrives, many of the best planning opportunities have…
For many business owners, payroll is simply part of the routine. Employees get paid. Payroll taxes are filed. Reports are submitted. Business moves on. But in 2026, payroll compliance is getting a lot more attention—and not just from your payroll provider. The IRS has increased enforcement efforts in recent years, and payroll continues to be…
By the time June arrives, many business owners are finally catching their breath after tax season. But while April filing deadlines may be behind you, there’s another important financial milestone approaching quickly: Q3 estimated tax payments. And in 2026, estimated taxes deserve more attention than ever. Between changing profitability, increased IRS scrutiny, payroll fluctuations, and…
If you’re a business owner, you’ve probably heard some version of this advice before: “Buy equipment before the end of the year to reduce your taxes.” While that’s not wrong, it’s also incomplete—and in 2026, it’s definitely not the smartest way to approach tax planning. With bonus depreciation continuing to phase down and Section 179…
By the time May rolls around, most business owners feel like they’ve “survived” tax season. Returns are filed (or extended), documents are submitted, and there’s a collective sigh of relief. But here’s the truth most business owners overlook: Tax season doesn’t end your compliance responsibilities—it reveals them. In fact, May is one of the most…