Peters Bandura CPAs

08/28/2026

I still get the same question from clients who film on weekends: if I posted it, can I deduct it? As of August 18, 2026, the Tax Court answered that in writing.

In T.C. Memo. 2026-69, a taxpayer who called himself an influencer tried to write off Grammys travel, Emmys tickets, and paid meet-and-greets with actors. He first called the costs charitable gifts. After that failed, he called them marketing. The Court allowed neither.
The numbers the Court left standing
The individual also worked as an IT manager, a chauffeur, and a ticket reseller. The social media following did not change the Code. The IRS assessed tax and the 20 percent accuracy-related penalty under section 6662(a):

- 2019: $63,219 of tax and a $12,644 penalty.
- 2020: $27,421 of tax and a $5,484 penalty.
- 2021: $39,910 of tax and a $7,982 penalty.

Judge and IRS agreed on the method: influencer work is a trade or business, or it is not.

Suleiman Sami v. Commissioner, T.C. Memo. 2026-69 (Aug. 18, 2026): three years of event tickets recast as marketing after charitable deductions failed.

08/06/2026

Three important mid-2026 tax updates you need to know: the IRS just set 2027 HSA limits (self-only: $4,500 | family: $9,000), raised the standard mileage rate to 76 cents per mile retroactive to July 1, and confirmed Alabama is participating in the new Federal Scholarship Tax Credit — worth up to $1,700. Full details on our blog. www.petersbandura.com/blog

Three significant tax and benefits changes took effect or were announced during Q2 2026. Whether you run a business, manage employee benefits, or are focused on

07/16/2026

Physicians, dentists, chiropractors, therapists, optometrists, and other healthcare providers spend years mastering clinical skills. Financial management is rarely part of the curriculum. But the accounting and tax obligations of a medical practice are substantial, and the cost of getting them wrong is high. This guide covers the key areas every medical provider needs to understand.
Choosing the Right Business Structure
Most medical providers practice through a professional corporation (PC) or professional limited liability company (PLLC), which are required by most state licensing boards for licensed professionals. Within that structure, the question of how the entity is taxed is equally important.
Many physician practices elect S corporation status, which allows the owner to take a reasonable salary (subject to payroll taxes) and distribute remaining profits without self-employment tax.

Running a medical or dental practice means managing clinical demands and complex financial obligations at the same time. Our latest post covers the accounting and tax essentials every healthcare provider needs: entity structure, accounts receivable, retirement planning, and deductions specific to me...

07/15/2026

Most small business owners think of their CPA as someone they see in the spring to file taxes. That relationship is valuable, but it captures only a fraction of what a CPA can offer. Business advisory services turn your CPA into a year-round strategic partner — someone who helps you understand where your business stands financially, where it is heading, and what decisions will get you where you want to go.
At Peters Bandura LLC, we work with small business owners throughout the year, not just during tax season. Here is what that partnership looks like and what it can mean for your business.
Financial Reporting You Can Actually Use
Every business generates financial data. Very few business owners get regular, clear reports that translate that data into actionable information. Business advisory services start with financial reporting that is accurate, timely, and presented in a way that makes sense to a business owner — not just an accountant.

Most small business owners interact with their CPA once a year at tax time. But the most financially successful business owners work with their CPA throughout the year — using financial data to drive decisions, not just report on them. Our latest article explains what business advisory services lo...

07/14/2026

Thinking about making a charitable donation but not sure which organization to choose? Our latest blog post walks you through exactly how to evaluate nonprofits so your generosity goes where it matters most — and you get the most out of your tax deduction! Read it at www.petersbandura.com/blog

Americans give hundreds of billions of dollars to charitable organizations every year. For many donors, the decision of which nonprofit to support is made quick

07/08/2026

Plumbers, electricians, HVAC technicians, landscapers, painters, cleaning services, roofers, and other home service providers are the backbone of the local economy. They are also some of the most underserved small business owners when it comes to financial guidance. If you run a home service business, here is what you need to understand about accounting and taxes.
Track Every Job with Job Costing
Home service businesses live and die by their margins, and the only way to know your true margin on any job is job costing. This means tracking the labor, materials, and overhead associated with each project or service call separately. When you know what each job actually cost, you can price accurately, identify which services are most profitable, and spot problem areas before they erode your income.

Home service businesses — from electricians to cleaning services — often operate without the financial systems their margins require. Our latest post covers job costing, seasonal cash flow, equipment deductions, and the worker classification rules that get home service owners in trouble. A must-...

07/02/2026

Trump Accounts officially launched July 4, 2026! Every eligible American child born 2025-2028 gets a $1,000 government investment account — and families can add up to $5,000 per year. The official site is trumpaccounts.gov. Our latest blog explains everything you need to know. www.petersbandura.com/blog

A new category of tax-advantaged savings account for American children officially launched July 4, 2026. Established by the One Big Beautiful Bill signed into l

06/30/2026

Did you know most small business owners miss thousands in tax deductions every year? Our team put together the top 10 write-offs for 2026 — from home office to retirement contributions. Read the full list on our blog! Mid-Year Tax Planning Checklist for Small Business Owners - Peters Bandura

Most small business owners think about taxes once a year: in April, when the deadline is breathing down their neck. The result is missed deductions, underpaid e

06/26/2026

Did you know most small business owners miss thousands in tax deductions every year? Our team put together the top 10 write-offs for 2026 — from home office to retirement contributions. Read the full list on our blog! www.petersbandura.com/blog

07/07/2025

The One Big Beautiful Bill Act is now law, bringing major tax changes for individuals and businesses! From permanent tax cuts to new deductions, our latest blog breaks down what it means for you. Contact Peters Bandura to plan ahead!

Navigating the One Big Beautiful Bill Act – What It Means for You and Your BusinessAnthony Bandura2025-07-07T19:14:52+00:00 At Peters Bandura, LLC, we’re committed to keeping you informed about major legislative changes that impact your finances. The One Big Beautiful Bill Act (OBBBA), signed in...