Steve Calvar, P.A. (Tax & Accounting Services)

Steve Calvar, P.A. (Tax & Accounting Services) Understanding our client values and goals enables us to help them succeed and leave a legacy. We believe a client is not just a client, a client is a partner.

By fostering strong relationships and truly understanding their business and individual goals, we are dedicated to helping our clients obtain success both professionally and personally. All our clients are provided with a comprehensive consultation to assist them with continued success or help them identify areas of difficulties.

Filing on Paper? It May Take LongerPaper tax returns took considerably longer for the IRS to process during the 2026 fil...
10/07/2026

Filing on Paper? It May Take Longer

Paper tax returns took considerably longer for the IRS to process during the 2026 filing season.

A federal review found individual paper returns took about a month on average to process, approximately twice as long as the year before.

Whenever possible, electronic filing and direct deposit can help avoid some of these delays.

Read more:
https://www.accountingtoday.com/news/irs-took-twice-as-long-to-process-tax-returns-this-year

The IRS needed a month to process paper tax returns this filing season, double the amount last year, due to staffing shortages and unavailable systems.

New Employer Benefit Rules ProposedTreasury and the IRS have proposed rules that would allow employers to make contribut...
10/05/2026

New Employer Benefit Rules Proposed

Treasury and the IRS have proposed rules that would allow employers to make contributions to Trump Accounts for eligible employees or their dependents.

For businesses considering new employee benefits, this is one area to watch as the rules develop.

Read more:
https://www.cpapracticeadvisor.com/2026/08/11/irs-issues-proposed-regs-on-employer-contributions-to-trump-accounts/188323/

The proposed regulations outline requirements for employers that wish to maintain a Trump Account contribution program.

A New Retirement Savings Match Is ComingTreasury and the IRS have released more information about the Saver’s Match prog...
10/01/2026

A New Retirement Savings Match Is Coming

Treasury and the IRS have released more information about the Saver’s Match program.

Beginning with qualifying retirement contributions made in 2027, eligible taxpayers may receive a federal matching contribution toward retirement savings.

Read more about how the program is expected to work:
https://finance.yahoo.com/economy/policy/articles/us-treasury-irs-set-initial-111758129.html

The notice proposes the Saver’s Match structure and requests public feedback ahead of formal rulemaking.

More IRS Services Are Moving OnlineBusiness owners now have more options for managing federal taxes through the IRS Busi...
09/29/2026

More IRS Services Are Moving Online

Business owners now have more options for managing federal taxes through the IRS Business Tax Account.

Eligible businesses can use the online account to handle tasks such as checking balances, making payments, viewing certain notices, and accessing tax information.

Read more:
https://www.forbes.com/advisor/business/software/irs-business-tax-account-lmandp5/

There will now be more online options for small business owners and other Business Tax Account users to make tax payments and view IRS notices, the IRS announced August 6. The agency said it has added new features to the online self-service platform that will help eligible taxpayers manage their

New IRS Guidance on the Overtime DeductionThe IRS has updated its guidance on the qualified overtime deduction, includin...
09/25/2026

New IRS Guidance on the Overtime Deduction

The IRS has updated its guidance on the qualified overtime deduction, including clarification about eligibility, employer reporting, and withholding.

Employees and employers should understand what actually qualifies before assuming all overtime pay receives the same tax treatment.

Read more:
https://www.cpapracticeadvisor.com/2026/08/07/irs-updates-faq-on-obbba-overtime-deduction/188173/

The IRS updated frequently asked questions about the new deduction for qualified overtime compensation, one of the many One Big Beautiful Bill Act tax provisions touted by the Trump administration.

Paid Family and Medical Leave Tax CreditThe IRS has released new guidance for employers claiming the paid family and med...
09/23/2026

Paid Family and Medical Leave Tax Credit

The IRS has released new guidance for employers claiming the paid family and medical leave tax credit. The guidance explains different ways eligible employers may calculate the credit, including based on qualifying wages or certain insurance premiums.

If your business provides paid family or medical leave, this is an update worth reviewing.

Read more:
https://news.bloomberglaw.com/employee-benefits/irs-offers-employers-guidance-on-paid-medical-leave-tax-credit

The US Treasury Department issued guidance for employers seeking to take advantage of the paid family and medical leave tax credit included in last year’s Republican tax-and-spending bill.

The IRS never texts you, so why are they doing it now?
08/13/2026

The IRS never texts you, so why are they doing it now?

Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.

IRS announces increase in standard mileage rates for the second half of 2026
08/12/2026

IRS announces increase in standard mileage rates for the second half of 2026

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

IRS makes changes to tax penalties – what it means for millions of Americans
08/10/2026

IRS makes changes to tax penalties – what it means for millions of Americans

"Taxpayers who historically pay on time should not have to make a formal request for relief," the Internal Revenue Service says.

IRS eases gift rules for Trump Accounts
08/06/2026

IRS eases gift rules for Trump Accounts

The agency is allowing some contributions to be considered “current interest” gifts rather than “future interest” gifts.

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