SP Unique Accounting

𝐀𝐩𝐫𝐢𝐥 𝟏𝟓 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 – 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥, 𝐅𝐢𝐝𝐮𝐜𝐢𝐚𝐫𝐲, 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞, 𝐚𝐧𝐝 𝐄𝐱𝐞𝐦𝐩𝐭 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐭𝐮𝐫𝐧𝐬:

Wednesday, April 15, 2026, is the deadline for filing calendar-year individual (Form 1040), fiduciary (Form 1041), corporate (Form 1120), and exempt organization trust (Form 990-T) returns. These returns must be e-filed or postmarked* by midnight local time.

𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐨𝐧𝐬:

• Form 4868 extends the filing deadline for individual returns by six months to October 15, 2026.
• Form 8868 extends the filing deadline for exempt organization trusts by six months to October 15, 2026.
• Form 7004 extends the filing deadline for corporate returns by six months to October 15, 2026 and for fiduciary returns by five and a half months to September 30, 2026.

*** For all returns, any tax due must be paid by the original due date. An extension of time to file does not extend the time to pay.

Source: IRS

𝐃𝐨𝐧’𝐭 𝐋𝐞𝐚𝐯𝐞 𝐚 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐑𝐞𝐟𝐮𝐧𝐝 𝐨𝐧 𝐭𝐡𝐞 𝐓𝐚𝐛𝐥𝐞:

Not everyone is legally required to file a federal tax return. However, not doing it could be leaving money on the table. People could be missing out on refundable tax credits or an income tax refund. This could apply to someone if they:

• Have had federal income tax withheld from their pay
• Made estimated tax payments
• Qualify to claim refundable tax credits

𝗗𝗼𝗻’𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝘁𝗮𝘅 𝗰𝗿𝗲𝗱𝗶𝘁𝘀:

A few tax credits people can claim on a federal tax return if they’re eligible include:

• 𝗘𝗮𝗿𝗻𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁– The EITC helps low to moderate-income workers and families get a tax break. The amount of the credit may vary based on income, family size and filing. Taxpayers can use the EITC Assistant to check their eligibility.

• 𝗖𝗵𝗶𝗹𝗱 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁 – Taxpayers with a qualifying child may be eligible to claim up to $2,200 per qualifying child with the CTC. The Additional Child Tax Credit is a refundable portion of the CTC. For 2025, up to $1,700 per qualifying child may be refundable.

• 𝗖𝗿𝗲𝗱𝗶𝘁 𝗳𝗼𝗿 𝗢𝘁𝗵𝗲𝗿 𝗗𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁𝘀 – Taxpayers who don’t qualify for the Child Tax Credit may qualify for the Credit for Other Dependents. This includes people who have:
o Dependent children who are age 18 or older at the end of 2025
o Parents or other qualifying individuals they support

• 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁 – This credit now partially refundable and is available to taxpayers who finalized an adoption in 2025 or started the adoption process before 2025. The maximum amount, for 2025, is $17,280 per eligible child. The refundable amount is up to $5,000 per qualifying child. However, any nonrefundable amount carried forward can’t be used to calculate a refundable portion for future tax years.

• 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗰𝗿𝗲𝗱𝗶𝘁𝘀 – The American Opportunity Tax Credit is for qualified education expenses for the first four years of higher education. The Lifetime Learning Credit is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution.

𝗚𝗲𝘁 𝗵𝗲𝗹𝗽 𝗱𝗲𝗰𝗶𝗱𝗶𝗻𝗴 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝘁𝗼 𝗳𝗶𝗹𝗲:
The Interactive Tax Assistant provides answers to many common tax law questions based on an individual's specific circumstances. It can help someone decide whether they should file a tax return and if they're eligible for many common tax credits.

𝗣𝗿𝗲𝗽𝗮𝗿𝗲 𝘁𝗼 𝗳𝗶𝗹𝗲 𝗶𝗻 𝟮𝟬𝟮𝟲: 𝗚𝗲𝘁 𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗮𝘅 𝘀𝗲𝗮𝘀𝗼𝗻 𝘄𝗶𝘁𝗵 𝗸𝗲𝘆 𝘂𝗽𝗱𝗮𝘁𝗲𝘀, 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝘁𝗶𝗽𝘀:

Prepare to file in 2026: Get Ready for tax season with key updates, essential tips | Internal Revenue Service IR-2026-01, Jan. 6, 2026 — With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to prepare for filing their 2025 federal income tax returns.

“From the book: Mastering Your Service Business Finances”

𝙃𝙤𝙬 𝙘𝙖𝙣 𝙄 𝙪𝙨𝙚 𝙘𝙡𝙞𝙚𝙣𝙩 𝙧𝙚𝙛𝙚𝙧𝙧𝙖𝙡 𝙥𝙧𝙤𝙜𝙧𝙖𝙢𝙨 𝙩𝙤 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙧𝙚𝙫𝙚𝙣𝙪𝙚, 𝙖𝙣𝙙 𝙬𝙝𝙞𝙘𝙝 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙞𝙣𝙘𝙚𝙣𝙩𝙞𝙫𝙚𝙨 𝙖𝙧𝙚 𝙢𝙤𝙨𝙩 𝙚𝙛𝙛𝙚𝙘𝙩𝙞𝙫𝙚?

Leveraging client referral programs can be a powerful strategy to boost revenue. Here’s how you can effectively implement such programs, along with considerations for financial incentives:

• 𝗖𝗹𝗲𝗮𝗿 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: Establish a clear and transparent referral program structure. Clearly communicate the terms, conditions, and rewards associated with referrals to both existing clients and potential new clients.

• 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝘆 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀: Determine financial incentives that motivate clients. This could include discounts on future services, gift cards, cash rewards, or exclusive access to special promotions. Align incentives with the value of the referred business.

• 𝗧𝗶𝗲𝗿𝗲𝗱 𝗥𝗲𝘄𝗮𝗿𝗱𝘀: Consider implementing tiered rewards to encourage more referrals. For example, offer a higher incentive for multiple referrals or bringing in larger clients.

• 𝗧𝗿𝗮𝗰𝗸𝗮𝗯𝗹𝗲 𝗥𝗲𝗳𝗲𝗿𝗿𝗮𝗹 𝗦𝘆𝘀𝘁𝗲𝗺: Implement a trackable system to monitor and attribute referrals accurately. This could involve unique referral codes, links, or forms that help you identify the source of each referral.

• 𝗣𝗿𝗼𝗺𝗽𝘁 𝗥𝗲𝗰𝗼𝗴𝗻𝗶𝘁𝗶𝗼𝗻: Provide prompt recognition and re- wards when a referral leads to a successful conversion. Timely acknowledgment reinforces positive behavior and encourages continued participation.

• 𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀: Equip clients with promotional materials or resources they can easily share with their network. This might include user-friendly tools such as shareable links, which are web links leading to referral forms or landing pages; engaging graphics, such as images or banners for social media promotion; and customizable templates, like pre-designed messages or emails that clients can personalize. These materials are designed to simplify the referral process, making it seamless for clients to spread the word about the program within their circles.

• 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗲 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗦𝘁𝗼𝗿𝗶𝗲𝘀: Share success stories resulting from client referrals. Highlighting the positive impact of referrals can encourage more clients to participate in the program.

• 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Regularly communicate the referral program to keep it top-of-mind for your clients. Use various channels such as email newsletters, social media, or in-person meetings to remind clients about the program.

• 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀: Consider offering personalized incentives based on the preferences or interests of your clients. This demonstrates that you value their individual contributions and strengthens the client-business relationship.

• 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 𝗥𝗢𝗜: Track the return on investment (ROI) of your referral program. Evaluate the cost of incentives against the revenue generated from referred clients to ensure the program remains financially sustainable.

Implement these strategies to make client referrals seamless and effective for your business. With clear structures, enticing incentives, and user-friendly materials, empower your clients to become advocates, ensuring a successful and mutually beneficial referral program

eBook and paperback on Amazon:
https://www.amazon.com/dp/B0D8C3DL7M

🌟 𝑵𝒐𝒘 𝑨𝒄𝒄𝒆𝒑𝒕𝒊𝒏𝒈 𝑵𝒆𝒘 𝑪𝒍𝒊𝒆𝒏𝒕𝒔 𝒇𝒐𝒓 2025 𝑻𝒂𝒙 𝑹𝒆𝒕𝒖𝒓𝒏𝒔! 🌟

At SP Unique Accounting, we provide stress-free tax preparation for service-based businesses and individuals, helping you:

✅ Maximize deductions and credits
✅ Meet deadlines with confidence
✅ Avoid penalties and surprises

📩 Let’s Connect: We’re currently accepting new clients for 2025 tax returns. Whether you need business or individual tax prep, SP Unique Accounting provides personalized solutions tailored to your needs. Schedule a complimentary consultation or email us to get started.

🌐 Website: www.spuniqueaccounting.com

“From the book: Mastering Your Service Business Finances”

𝑾𝒉𝒚 𝒊𝒔 𝒌𝒆𝒆𝒑𝒊𝒏𝒈 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒓𝒆𝒄𝒐𝒓𝒅𝒔 𝒊𝒏 𝒎𝒚 𝒔𝒎𝒂𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕?

You need to keep a complete financial record because it serves as the financial backbone of your small business, providing essential insights, legal compliance, and the roadmap for your financial success. Here’s a breakdown of why maintaining detailed financial records is crucial:

• 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗹𝗮𝗿𝗶𝘁𝘆: Keeping financial records provides a clear and organized view of your business’s financial transactions, income, and expenses. This clarity helps you make informed decisions, set realistic financial goals, and track progress.

• 𝗟𝗲𝗴𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: Maintaining proper financial records is mandatory, according to the IRS. Accurate records ensure adherence to tax laws, accurate income reporting, and the ability to file tax returns without errors, reducing the risk of audits or penalties.

• 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗚𝗿𝗼𝘄𝘁𝗵: As your business grows, managing finances becomes more complex. Proper financial records provide insights into cash flow, profitability, and financial strategies for expansion.

• 𝗖𝗼𝘀𝘁 𝗖𝗼𝗻𝘁𝗿𝗼𝗹: Monitoring expenses and budgeting effectively are critical for controlling costs and maximizing profits. Accurate records can identify areas where cost reductions are possible, improving overall financial efficiency.

• 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗮𝗻𝗱 𝗟𝗲𝗻𝗱𝗲𝗿 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀: Potential investors and lenders often require access to well-organized financial records. Having reliable accounting practices can enhance your credibility and increase your chances of securing funding for business expansion.

• 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: Financial records are crucial for long- term financial planning. They allow you to forecast cash flow, set aside funds for taxes, and make strategic decisions to achieve your business goals.

• 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻: Accurate financial records are essential if you ever plan to sell your business. They provide the basis for determining its value and negotiating a fair sale price.

Outsourcing bookkeeping, accounting and tax services to professionals can ensure that your financial records are accurate and up to date, providing peace of mind and allowing you to focus on running your business effectively.

https://www.spuniqueaccounting.com/

eBook and paperback on Amazon:
https://www.amazon.com/dp/B0D8C3DL7M/

🌟 𝗟𝗲𝘁 𝗦𝗣 𝗨𝗻𝗶𝗾𝘂𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗧𝗵𝗿𝗶𝘃𝗲!🌟

𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝘀𝗺𝗮𝗹𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘄𝗻𝗲𝗿𝘀 𝗮𝗻𝗱 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀!

Struggling to stay on top of your finances? SP Unique Accounting specializes in helping service-based businesses with 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈, 𝒃𝒐𝒐𝒌𝒌𝒆𝒆𝒑𝒊𝒏𝒈, 𝒂𝒏𝒅 𝒕𝒂𝒙 𝒑𝒓𝒆𝒑𝒂𝒓𝒂𝒕𝒊𝒐𝒏—so you can focus on growing your business.

Here’s how we help:

✅ 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴: Organized, accurate records without the stress.

✅ 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲: Clear reports to keep your business on track.

✅ 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 & 𝗞𝗣𝗜 𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴: Understand your numbers, track what matters, and make confident decisions.

✅ 𝗦𝘁𝗿𝗲𝘀𝘀-𝗙𝗿𝗲𝗲 𝗧𝗮𝘅 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻: For service businesses and individuals—maximize deductions, meet deadlines, and avoid penalties.

📩 Let’s Connect: Whether it’s ongoing support, a one-time cleanup, or tax prep for your business or yourself, SP Unique Accounting tailors solutions to your needs. Schedule a complimentary consultation or email us to get started.

🌐 Website: www.spuniqueaccounting.com

𝗢𝗰𝘁. 𝟭𝟱 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗳𝗶𝗹𝗲𝗿𝘀 𝗶𝘀 𝗮𝗿𝗼𝘂𝗻𝗱 𝘁𝗵𝗲 𝗰𝗼𝗿𝗻𝗲𝗿:

The extension deadline to file taxes is less than two weeks away. Most taxpayers who requested an extension to file their 2024 tax return must file by Wednesday, Oct. 15, to avoid a penalty for filing late. The IRS encourages taxpayers to opt for the fastest and safest option which is to e-file and choose direct deposit for their tax refund.

🌟𝑺𝒕𝒓𝒆𝒔𝒔-𝑭𝒓𝒆𝒆 𝑻𝒂𝒙 𝑺𝒆𝒂𝒔𝒐𝒏 𝑺𝒕𝒂𝒓𝒕𝒔 𝑵𝒐𝒘🌟

At SP Unique Accounting, we believe tax season doesn’t have to be overwhelming. That’s why we provide everything in one place for 𝒔𝒆𝒓𝒗𝒊𝒄𝒆-𝒃𝒂𝒔𝒆𝒅 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 — cleanup, monthly bookkeeping, financial statement preparation, financial analysis, and professional tax preparation — so you’re not bouncing between different providers or worrying about missing details.

The best part? When your books are already clean and organized, your tax return becomes a smooth, stress-free process — 𝒉𝒂𝒏𝒅𝒍𝒆𝒅 𝒐𝒏𝒍𝒚 𝒃𝒚 𝒆𝒙𝒑𝒆𝒓𝒊𝒆𝒏𝒄𝒆𝒅 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒂𝒏𝒕𝒔 𝒂𝒏𝒅 𝑬𝒏𝒓𝒐𝒍𝒍𝒆𝒅 𝑨𝒈𝒆𝒏𝒕𝒔 𝒘𝒉𝒐 𝒌𝒏𝒐𝒘 𝒕𝒉𝒆 𝒊𝒏𝒔 𝒂𝒏𝒅 𝒐𝒖𝒕𝒔 𝒐𝒇 𝒕𝒂𝒙 𝒑𝒓𝒆𝒑𝒂𝒓𝒂𝒕𝒊𝒐𝒏.

𝑭𝒐𝒓 𝒊𝒏𝒅𝒊𝒗𝒊𝒅𝒖𝒂𝒍𝒔, we also provide professional tax preparation services — giving you peace of mind that your return is accurate and on time.

All of our services are 100% virtual, so you can get expert financial support from anywhere, without leaving your home or office.

𝑨 𝒍𝒊𝒕𝒕𝒍𝒆 𝒕𝒊𝒑: tax season gets hectic. To ensure your 2025 return is filed on time, we recommend contacting us right now — early sign-ups get priority, and last-minute clients may need to file an extension. Clients who provide their documents promptly will be at the front of the line for filing, giving them peace of mind.

🌟𝑾𝒆’𝒓𝒆 𝒏𝒐𝒘 𝒂𝒄𝒄𝒆𝒑𝒕𝒊𝒏𝒈 𝒏𝒆𝒘 𝒄𝒍𝒊𝒆𝒏𝒕𝒔 𝒇𝒐𝒓 𝒕𝒉𝒆 2025 𝒕𝒂𝒙 𝒔𝒆𝒂𝒔𝒐𝒏. 𝑳𝒆𝒕’𝒔 𝒈𝒆𝒕 𝒚𝒐𝒖𝒓 𝒃𝒐𝒐𝒌𝒔 𝒓𝒆𝒂𝒅𝒚 𝒂𝒏𝒅 𝒎𝒂𝒌𝒆 𝒕𝒉𝒊𝒔 𝒕𝒂𝒙 𝒔𝒆𝒂𝒔𝒐𝒏 𝒚𝒐𝒖𝒓 𝒆𝒂𝒔𝒊𝒆𝒔𝒕 𝒚𝒆𝒕.🌟

www.spuniqueaccounting.com
[email protected]

***Are you ready to file your tax return? Are your books clean, organized, and complete?

𝐖𝐡𝐨 𝐍𝐞𝐞𝐝𝐬 𝐚 𝐂𝐥𝐞𝐚𝐧𝐮𝐩?

It is essential for business owners to keep their accounting records up to date all year long since accurate numbers are a MUST for making sound business decisions. As we all know “Garbage in Garbage out”, inaccurate data results in meaningless financial statements.

There are steps to take each month to reconcile your books. If you missed one, you still need to complete it at the yearend in order to have tax-ready books. If there are several steps missed, you might need a cleanup to get your books up to date.

𝐇𝐨𝐰 𝐭𝐨 𝐆𝐞𝐭 𝐑𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐚 𝐁𝐢𝐠 𝐂𝐥𝐞𝐚𝐧𝐮𝐩 𝐖𝐡𝐢𝐥𝐞 𝐒𝐚𝐯𝐢𝐧𝐠 𝐌𝐨𝐧𝐞𝐲 𝐚𝐧𝐝 𝐓𝐢𝐦𝐞? 𝐖𝐡𝐚𝐭 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐃𝐨 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐯𝐢𝐝𝐞 𝐘𝐨𝐮𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭 𝐑𝐢𝐠𝐡𝐭 𝐀𝐰𝐚𝐲?

Gather all the following documents, then contact your accountant:

 “ALL” monthly statements for your bank accounts, credit card accounts, line of credit, and investments, for the entire cleanup period.
 Your last filed Tax return.
 Your original loan documents and all the monthly loan statements.
 A list of all your fixed assets purchased/ disposed of during the cleanup period.
 All the depreciation schedules. (If you don’t have any, your accountant should be able to help you with that.)
 A list of all manual checks, showing the payee and the reason for each check.
 All your payroll forms 940 and 941s for the whole cleanup period (if applicable)
 A payroll summary report covering all the transactions for the cleanup period showing taxes, fees, etc. (if applicable)
 All your state sales tax filings for the cleanup period. (If applicable)
 If you are using any 3rd party app, such as PayPal, Square, Stripe, etc., you need a transaction summary report for each app, covering all the transactions, fees, returns, taxes, etc. for each month.
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