Rachel H Vaughn CPA PLLC

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Rachel H Vaughn CPA PLLC Known for down-to-earth, hands-on assistance to both individuals and small businesses with accountin

If you filed an extension for your individual tax return, the October 15 deadline is approaching.This is a good time to ...
10/02/2026

If you filed an extension for your individual tax return, the October 15 deadline is approaching.

This is a good time to make one final check: please confirm that you have submitted all remaining documents and answered any outstanding questions promptly. A complete file helps me finalize your return accurately and on time.

Also, remember that an extension to file generally is not an extension to pay. If you still have an item outstanding, please contact me immediately so I can help you determine the next steps.

Year-end tax planning often feels like something there will be time to deal with later, until later arrives all at once....
09/29/2026

Year-end tax planning often feels like something there will be time to deal with later, until later arrives all at once. Starting now can give your business more room to make smart decisions, avoid a last-minute rush, and take action while more options are still on the table.

One key end-of-year tax planning tip is to run a year-end tax projection. Before making any big moves, it helps to know where your income is likely to land. A year-end projection can help estimate taxable income and identify whether it makes sense to accelerate expenses, defer income where appropriate, increase retirement contributions, or adjust estimated tax payments.

Thoughtful year-end planning starts with understanding where you stand and which moves are worth making before the calendar turns. If you’re interested in running a year-end tax projection, please reach out. Always here to help your business.

Most business owners know that financial data plays an important role in running a successful company. Whether you're mo...
09/24/2026

Most business owners know that financial data plays an important role in running a successful company. Whether you're monitoring day-to-day performance or evaluating future opportunities, having a clear understanding of your numbers can help support informed decision-making.

That's why we're sharing a few business accounting terms that are worth revisiting. See below for a few key accounting terms:

⚫Equity: Equity represents the owner's interest in the business after deducting liabilities from assets.
⚫Debt-To-Equity Ratio: This ratio compares debt financing to the equity an owner holds in a business.
⚫Reconciliation: Reconciliation is the process of comparing a business's financial records to ensure they match supporting third-party documentation, such as bank statements.
⚫Retained Earnings: Retained earnings are profits that remain in the business rather than being distributed to owners.
⚫Liquidity: Liquidity measures how easily a business can meet short-term obligations using available assets.
⚫Return On Investment (ROI): ROI measures the return generated from an investment relative to its cost.

Whether you have questions about tax strategy, business growth, or day-to-day financial decisions, our team is here to provide guidance and support. If there's ever anything we can help you navigate, don't hesitate to reach out. We're always happy to be a resource.

It’s normal, and expected, to have tax questions throughout the year, not just during filing season. So, to help answer ...
09/22/2026

It’s normal, and expected, to have tax questions throughout the year, not just during filing season. So, to help answer these questions, we wanted to share a few commonly asked tax questions we hear, along with answers to help you stay informed and prepared. Swipe to learn more.

Have questions about your own tax situation? Give us a call today. We are here to help

There are just about 100 days left in 2026, making now an ideal time to review your tax situation before tax season arri...
09/22/2026

There are just about 100 days left in 2026, making now an ideal time to review your tax situation before tax season arrives. Swipe through for a few key tax-planning items worth looking at before the year closes.

The final months of the year often go by quickly, but there is still time to take advantage of planning opportunities before tax season arrives. Even a few small adjustments now may help improve your overall tax picture and reduce stress later.

That said, if you would like to review any of these items or talk through things you can do to set yourself up for success next year, please feel free to reach out to our team. We would be happy to help.

Running a small business comes with a lot of moving parts, and ensuring your business remains compliant with the IRS is ...
09/22/2026

Running a small business comes with a lot of moving parts, and ensuring your business remains compliant with the IRS is one of the most important. That said, we wanted to share a few practical steps to help reduce your audit risk and keep your business compliant. Swipe to learn more.

If your business is ever contacted by the IRS regarding an audit, it’s important to remain calm. It is crucial to respond to an audit carefully, gather the requested records, and get guidance before sending anything back to the IRS.

If you’ve received an IRS notice or would like to talk through any of these steps, don’t hesitate to reach out. We are here to be a resource for you.

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans...
09/17/2026

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans are in the same boat, according to a Tax Foundation survey.

The poll found that nearly two out of three respondents did not know whether a $1,000 deduction or a $1,000 credit was more beneficial. So today, we wanted to answer that question and offer some additional context on each term.

🔹What Tax Deductions Are - Deductions can reduce an individual’s taxable income, indirectly decreasing the amount of taxes owed or increasing the refund amount (if applicable). Most people take the standard deduction, which offers a blanket reduction of taxable income based on filing status.

🔹What Tax Credits Are - Credits can reduce the amount an individual owes the government, with the credit(s) subtracted from the individual’s tax bill. Compared to deductions, credits often have more impact, including in the scenario outlined above.

We hope you found this overview helpful. And as always, know that if you have any general tax questions or need personal accounting guidance, we’re here to help. Give us a call today and we can connect.

Strong financial knowledge can be a powerful asset for any business owner. Whether you're monitoring performance, planni...
09/17/2026

Strong financial knowledge can be a powerful asset for any business owner. Whether you're monitoring performance, planning for the future, or making strategic decisions, understanding key financial concepts can help you navigate your business with greater confidence.

To help, we're sharing several business accounting terms that are worth knowing.

⚪Working Capital: The difference between current assets and current liabilities.
⚪Cost of Goods Sold (COGS): Cost of goods sold includes the direct costs associated with producing or delivering products and services.
⚪Profit Margin: Profit margin measures the profit remaining from each dollar of revenue after expenses are paid.
⚪Break-Even Point: The break-even point is the level of sales required to cover all of a business’s expenses.
⚪Budget: A budget is a financial plan that shows income and costs to help business owners manage their finances.
⚪Depreciation: Depreciation represents the decrease in value of an asset due to age and regular wear and tear from use.

Of course, learning the basics is only one piece of the puzzle. Working with experienced tax professionals can provide the guidance and expertise needed to support your business goals.

Need assistance with business taxes or accounting matters? Our team is always available as a resource and would be happy to help.

As a business owner, financial information is one of the most valuable tools available to you. From managing day-to-day ...
09/15/2026

As a business owner, financial information is one of the most valuable tools available to you. From managing day-to-day operations to evaluating long-term opportunities, understanding the numbers behind a business can lead to better decisions and stronger financial outcomes.

So, with that in mind, our team wanted to share a few key business accounting terms for you to be aware of.

🔵Revenue: Total income generated from selling products or services before expenses are deducted.
🔵Gross Profit: Gross profit equals revenue minus the direct costs required to provide your product or service.
🔵Net Income: The amount remaining after all business expenses are deducted from revenue.
🔵Cash Flow: The total amount of money moving into and out of a business.
🔵Accounts Receivable: Accounts receivable represent money owed to your business by customers.
🔵Accounts Payable: Accounts payable represent money a business owes to vendors and suppliers.

While understanding some of these key business accounting terms can be crucial, it cannot replace the knowledge and expertise of professional business tax preparers, like our team.

That said, if you need assistance with business tax matters, please do not hesitate to reach out to our team. We are here to be a resource for you.

You don’t just have tax questions during tax season. That’s why we wanted to break down a few of the most common tax que...
09/15/2026

You don’t just have tax questions during tax season. That’s why we wanted to break down a few of the most common tax questions we hear to help you navigate any questions that may come up for you throughout the year. Swipe through for answers.

Have questions about your own tax situation? Give our office a call today. We are here to help.

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Brentwood, TN
37027

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+16153054237

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