Ray Mercer, CPA

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Ray Mercer, CPA I have over 20 years of expertise in tax & accounting & create tailored solutions for individuals and small businesses.

I’m dedicated to helping clients achieve financial clarity & success by delivering personalized, reliable solutions to meet your needs.

𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙤𝙬𝙣𝙚𝙧𝙨, 𝙚𝙫𝙚𝙧 𝙝𝙖𝙙 𝙖𝙣 𝙚𝙭𝙥𝙚𝙣𝙨𝙚 𝙥𝙤𝙥 𝙪𝙥 𝙩𝙝𝙖𝙩 𝙙𝙚𝙛𝙞𝙣𝙞𝙩𝙚𝙡𝙮 𝙬𝙖𝙨𝙣’𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙗𝙪𝙙𝙜𝙚𝙩?Unexpected repairs, surprise bills, and...
10/21/2026

𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙤𝙬𝙣𝙚𝙧𝙨, 𝙚𝙫𝙚𝙧 𝙝𝙖𝙙 𝙖𝙣 𝙚𝙭𝙥𝙚𝙣𝙨𝙚 𝙥𝙤𝙥 𝙪𝙥 𝙩𝙝𝙖𝙩 𝙙𝙚𝙛𝙞𝙣𝙞𝙩𝙚𝙡𝙮 𝙬𝙖𝙨𝙣’𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙗𝙪𝙙𝙜𝙚𝙩?

Unexpected repairs, surprise bills, and unplanned costs can throw off even the best budget. The goal isn’t to predict every expense, but to be prepared when they happen.

Keeping track of your expenses and reviewing your numbers regularly can help you plan ahead and make more informed financial decisions.

𝗪𝗮𝗻𝘁 𝗮 𝗯𝗲𝘁𝘁𝗲𝗿 𝗵𝗮𝗻𝗱𝗹𝗲 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀? Consult us at raymercercpa.com today!

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?If you work as a K–12 teacher, instructor, c...
10/19/2026

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?

If you work as a K–12 teacher, instructor, counselor, principal or aide for at least 900 hours during the school year at a qualifying school, you may be able to deduct qualifying unreimbursed classroom expenses on your tax return.

For 2026, eligible educators may deduct up to $350 of qualifying expenses as an above-the-line deduction without itemizing, or up to $700 for a married couple filing jointly if both qualify, with a limit of $350 each.

Additionally, a new itemized deduction is available beginning in 2026 for educator expenses, with no separate dollar cap. You must itemize deductions to claim this additional deduction. It is also available to interscholastic sports administrators and coaches who meet the K–12 school and 900-hour requirements, and may cover additional expenses.

Eligible educators may claim both deductions, as long as the expenses used to figure each deduction do not overlap. A tax professional can help you determine whether you qualify and which deduction strategy yields the greatest possible tax savings.

𝙈𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙢𝙤𝙣𝙚𝙮 𝙗𝙪𝙩 𝙨𝙩𝙞𝙡𝙡 𝙛𝙚𝙚𝙡𝙞𝙣𝙜 𝙘𝙖𝙨𝙝-𝙨𝙩𝙧𝙖𝙥𝙥𝙚𝙙?Growing revenue doesn't always mean having more cash available. Unpaid...
10/19/2026

𝙈𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙢𝙤𝙣𝙚𝙮 𝙗𝙪𝙩 𝙨𝙩𝙞𝙡𝙡 𝙛𝙚𝙚𝙡𝙞𝙣𝙜 𝙘𝙖𝙨𝙝-𝙨𝙩𝙧𝙖𝙥𝙥𝙚𝙙?

Growing revenue doesn't always mean having more cash available. Unpaid invoices, inventory, rising expenses, debt, and timing can all affect your cash flow.

Understanding where your money goes helps you make smarter financial decisions and plan your next move with confidence.

Revenue is growing, but cash feels tight? Let's look at the numbers together. Visit 𝐫𝐚𝐲𝐦𝐞𝐫𝐜𝐞𝐫𝐜𝐩𝐚.𝐜𝐨𝐦 to learn how we can help.

Mid-October is a great time to check in on your estimated tax payments. If you are self-employed or running a business y...
10/13/2026

Mid-October is a great time to check in on your estimated tax payments. If you are self-employed or running a business your Q3 estimated tax payment was due in September and your Q4 payment is coming up in January. Are you setting aside enough each month to cover what you owe? A little planning now prevents a very unpleasant surprise in April. 💡

October 15 Filing Extension DeadlinesTaxpayers who timely requested an extension to file their 2025 federal income tax r...
10/12/2026

October 15 Filing Extension Deadlines

Taxpayers who timely requested an extension to file their 2025 federal income tax returns generally must file by Thursday, October 15, 2026. The same deadline generally applies to calendar-year C corporations that received an extension to file their 2025 corporate returns (Form 1120).

In addition, U.S. persons with a financial interest in or signature authority over foreign financial accounts whose combined value exceeded $10,000 at any time during 2025, and who are required to file a Report of Foreign Bank and Financial Accounts (FBAR), generally must file by October 15, 2026. The FBAR extension is automatic; no extension request is necessary.

Up to $5,120 of the Adoption Tax Credit Is Refundable for 2026 – Did You Know?The Adoption Tax Credit helps eligible fam...
10/05/2026

Up to $5,120 of the Adoption Tax Credit Is Refundable for 2026 – Did You Know?

The Adoption Tax Credit helps eligible families manage qualified costs such as adoption fees, travel, legal services and home studies. In recent years, the credit was nonrefundable: it could reduce a person's federal income tax, but any unused amount generally had to be carried forward.

Under rules that took effect in 2025, part of the credit is now refundable. For tax year 2026, up to $5,120 per eligible child may be refundable, even if the taxpayer owes no federal income tax. Any unused nonrefundable portion may be carried forward for up to five years, but a carryforward cannot become refundable in a later year.

The Adoption Tax Credit is subject to income limits and other restrictions, and the timing of a claim depends on the circumstances of the adoption. A tax professional can help determine whether you qualify and how much credit you may claim.

October is here and Q4 is officially underway. For business owners this is the most important financial stretch of the e...
10/05/2026

October is here and Q4 is officially underway. For business owners this is the most important financial stretch of the entire year. The decisions you make about your cash flow, your tax strategy, and your spending in the next 90 days will directly shape what your year-end numbers look like. Do not coast into the holidays. Finish 2026 with intention. 📈

Quarterly Estimated Tax Payments - ReminderIf you are making quarterly estimated tax payments to the IRS, the due date f...
09/08/2026

Quarterly Estimated Tax Payments - Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the June 1 - August 31, 2026 payment period is coming up next week on Tuesday, September 15, 2026.

For payments made using IRS Direct Pay, you can make payments until 11:45 p.m. ET on the due date. Debit and credit card payments may also be made online through an IRS-approved payment processor.

Educator Classroom Expense Deduction – Did You Know?Eligible K-12 teachers, instructors, counselors, principals and aide...
09/01/2026

Educator Classroom Expense Deduction – Did You Know?

Eligible K-12 teachers, instructors, counselors, principals and aides who pay for classroom supplies out of pocket may deduct up to $350 of qualifying expenses per year. Married couples filing jointly who are both eligible educators may deduct up to $350 each, for a combined maximum of $700.

You do not need to itemize deductions to claim this deduction. Be sure to keep receipts and other records for any classroom expenses you plan to deduct.

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515 Wyoming Avenue #2
Cincinnati, OH
45215

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