Impact CPA, LLC

06/23/2026

Impact CPA, LLC will be relocating our office effective July 1st, 2026.

This move reflects our continued commitment to providing you with exceptional service in a comfortable and convenient environment.

Our new physical office address will be:
Impact CPA, LLC
4983 Green Valley Road
Southside, AL 35907

Our mailing address will continue to be:
Impact CPA, LLC
P.O. Box 5010
Glencoe, AL 35905

Our phone numbers, email addresses, and website will remain unchanged.

So excited to meet with you in our new place!

01/25/2026

https://www.facebook.com/share/r/1CELvscjmg/?mibextid=wwXIfr

09/30/2025

If your business pays independent contractors (non-employees) for services, you are required to file IRS Form 1099-NEC if total payments exceed a specific threshold. For decades, this threshold has been $600 or more in a calendar year. Failing to file can result in substantial penalties.

That threshold is about to change.
Thanks to the One Big Beautiful Bill Act (OBBBA), beginning with payments made in 2026, you file Form 1099-NEC if you pay an independent contractor $2,000 or more during the year.

This welcome update means many businesses will have fewer 1099-NEC filing obligations.

01/17/2025

First day the IRS is taking tax returns - Jan. 27th!

01/17/2025

🌟 Get the Personalized Service You Deserve with Transparent Pricing! 🌟

At Impact CPA, LLC, we believe in providing personalized, one-on-one service to each of our clients. No matter your financial goals or challenges, we take the time to truly understand your needs and deliver solutions tailored just for you.

✅ Upfront Pricing – No hidden fees, no surprises! We offer clear, transparent pricing so you know exactly what you're paying for. ✅

📞 Call us today to schedule your free consultation or send us a message to learn more! Let's make your financial journey stress-free.

03/03/2024

$60 Billion to IRS to target high incomers. Says if this affects lower level incomers, that wasn't their intention......

07/03/2023

https://elderlawalabama.com/2021/02/life-estate-deed-what-is-it-is-it-right-for-me/

PLEASE consider a Life Estate Deed before issuing a quitclaim deed to transfer your home to your children.

There are several HUGE advantages to creating a life estate deed:
1. Avoid formal probate for your property
2. Protect your home or property from a Medicaid spenddown, so long as it has been in the life estate for at least 5 years before a Medicaid application is necessary.
3. Tax advantages - beneficiary retains the FMV step-up in basis when you die.

One of the hardest assets to deal with when trying to avoid probate is your home. Quite a few people assume that because they have a will, their estate will avoid probate, and that is simply untrue. Certain assets, like bank accounts, can avoid the probate process. Almost every financial institution...