Premier Tax Service

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Tax laws and financial policies can create major impacts on businesses long before most people fully understand the changes. Entrepreneurs and side hustlers often focus on growth and revenue while missing how new regulations can quietly affect profits, deductions, and long term financial planning strategies. When governments introduce updates to tax structures, the effects can reshape how businesses operate, invest, and manage expenses. Those who stay informed early are usually better prepared to adapt, while others may realize the impact only after financial pressure begins affecting their operations and overall stability. For business owners, understanding policy changes is just as important as marketing, sales, and product development. Financial awareness helps entrepreneurs make smarter decisions regarding investments, budgeting, expansion, and protecting their income during periods of economic or regulatory change within competitive markets. Stories like this remind people that information can become a major advantage in business. Staying educated about financial systems, taxes, and legal updates allows entrepreneurs to react strategically instead of emotionally, helping them protect growth opportunities and maintain stronger control over their future success. What are your thoughts on this? Follow @building.entrepreneurs for bold lessons from the world's greatest minds.

FROM THE IRS

https://www.trumpaccounts.gov/

Jumpstarting the American Dream Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

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Tax filing deadline extended for SC returns The South Carolina Department of Revenue has extended the tax filing deadline to Oct. 15. Taxpayers must still pay at least 90% of the amount owed by April 15 to avoid penalties.

Congratulations to Premier Tax Service in Aiken! They were today's winner of Breakfast For A Bunch, provided by Chick-fil-A North Augusta. You can nominate your office on the contest page at wafj.com.

From Rep Bill Taylor This week, the House of Representatives approved legislation (H.5006) to exempt the first $10,000 of personal property value from tax bills. It is a significant burden for small businesses to pay annual property taxes on items such as desks and computers, which are already subject to sales tax. To qualify for this exemption, a business must have fewer than 100 full-time employees or less than $10 million in annual sales. Approximately 97% of businesses fall under this threshold.

Hello, we are located at 1528 University Parkway. Office hours are 930 to 430 Monday through Friday or you can put your tax papers through our letter drop through the door. 2025 will look a little different. If you had any overtime I need the premium breakdown or any tips I need it separated from income. If you had home improvement (insulation, exterior doors, windows, HVAC, water heater ) please make me aware of those. If you were a teacher, I need your classroom expenses. Some people may itemize this year. So I may need your mortgage interest statement 1098, all of your donations cash separate from checks, volunteer miles, all of your real and personal property taxes, and possibly your medical expenses including premiums paid. If you purchased a NEW vehicle in 2025, I need the VIN number and the interest. Did you sell any digital assets?