Honey Bee Tax Solutions

07/06/2026

Taking a mid-year financial check-up is one of the smartest moves you can make as a business owner.

This is your opportunity to step back and look at the bigger picture, not just how much you're making, but how your business is truly performing.

Ask yourself:

✅ Are you on track to hit your revenue goals, or do you need to adjust your strategy?
✅ Have your expenses increased more than expected, and where can you cut back?
✅ Is your bookkeeping accurate and up to date, giving you a clear view of your finances?
✅ Are you consistently setting aside enough money for taxes to avoid surprises later?
✅ Do you have a clear plan to finish the year strong?

A mid-year review helps you identify small issues before they turn into costly problems. It also gives you time to improve cash flow, make smarter financial decisions, and realign your goals if needed.

‼️If you claim mileage on your tax return, this is the perfect time to take an official odometer reading and make sure your mileage log is accurate and up to date. Staying consistent now can save you time and stress later.

Remember: successful businesses don’t wait until tax season to understand their numbers, they stay informed all year long.

06/30/2026

Did you know?

☀️ During extreme heat, a healthy hive works together to protect its colony.
💧 Bees collect water to naturally cool their hive.
🪽 Worker bees fan their wings like tiny air conditioners.

Just like us, honey bees need a way to stay cool during the summer.

Teamwork really is at the heart of every healthy hive. 🐝

05/27/2026

Are you or do you know someone interested in Webb City, MO Senior Citizen Center happenings and news? Check out their FB page! If you feel you are too young, find a way to support your local centers so they will be there when you level up enough. https://www.facebook.com/profile.php?id=61589849773219

A place where those that are 55 and up can come enjoy activities, such as bingo, crafts, dance, exercise, food, and fellowship.
Come on by and check us out. We always love making new friends and seeing our old friends too. 🥰

04/30/2026

When the day gets tough, the tough…put on fuzzy bee slippers and keep on buzzin!

04/06/2026

With the filing deadline less than 10 days away, we can still help you with your taxes! Just be aware, we are now at the Extension Filing portion of the season.

03/13/2026

When taxes have you flying in circles, it's nice to know you have a friend to lend a hand!

03/09/2026

🐝 Important Tax Deadline for Businesses

If your business is set up as a Partnership or S-Corporation, your tax return deadline is coming up soon.

📅 March 16 is the filing deadline for:
• Form 1065 (Partnerships)
• Form 1120-S (S-Corporations)

These business returns are due one month earlier than individual tax returns.

Even if you’re not ready to file yet, an extension must still be filed by March 16 to avoid late-filing penalties.

If you’re still gathering documents or have questions, now is a good time to reach out so nothing gets missed.

03/06/2026

Did you know honey bees begin becoming more active as temperatures warm and early spring flowers start to bloom? 🐝

Some of the first food sources they find are plants many people consider weeds. Clover and dandelions can actually be lifesavers for early-rising pollinators, so don’t bee too quick to mow them down!

Around here, that means two things: the bees are getting busy… and so is Tim. He’s been hard at work preparing tax returns and helping our clients wrap up tax season smoothly.

Busy bees, busy tax pros!

02/23/2026

With so many complicated details in the OBBBA, getting assistance from a professional tax preparer can help navigate the confusion. We'd love to be your resource this tax season. Call today to schedule an appointment or a free consultation.

Under the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, the Child Tax Credit (CTC) has undergone permanent expansion and eligibility changes.

Key CTC Provisions Under OBBBA
• Increased Credit Amount: The maximum credit is permanently increased to $2,200 per qualifying child for 2025 and 2026, up from the previous $2,000.
• Permanence & Inflation Indexing: The OBBBA made the expanded CTC permanent. Starting in 2026, the $2,200 maximum will be indexed annually for inflation to prevent "benefit erosion".
• Partial Refundability: Up to $1,700 of the credit remains refundable (the Additional Child Tax Credit) for families whose tax liability is zero, provided they have at least $2,500 in earned income.
• Stricter ID Requirements: To claim the credit, both the child and the claiming taxpayer (or at least one spouse on a joint return) must have a valid Social Security Number (SSN). Taxpayers using an ITIN are no longer eligible.
• Income Phaseouts: The full credit is available for single filers with a Modified Adjusted Gross Income (MAGI) up to $200,000 and married couples up to $400,000. Above these levels, the credit decreases by $50 for every $1,000 of additional income.

02/16/2026

With so many complicated details in the OBBBA, getting assistance from a professional tax preparer can help navigate the confusion. We'd love to be your resource this tax season. Call today to schedule an appointment or a free consultation.

The One Big Beautiful Bill Act (OBBBA), signed in July 2025, made the nearly doubled standard deduction from the 2017 Tax Cuts and Jobs Act (TCJA) permanent and provided further increases for the 2025 and 2026 tax years. For 2026, the standard deduction rises to $16,100 for single filers and $32,200 for married couples filing jointly.

Key Standard Deduction Amounts
The OBBBA established the following base amounts, which are indexed annually for inflation:
• Single / Married Filing Separately: $15,750 in 2025; $16,100 in 2026.
• Married Filing Jointly: $31,500 in 2025; $32,200 in 2026.
• Head of Household: $23,625 in 2025; $24,150 in 2026.
Enhanced Deductions for Seniors (65+)
The OBBBA introduced a two-tier benefit for seniors, providing significant tax relief for those with qualifying income levels:
1. Additional Standard Deduction (Permanent): Seniors or blind taxpayers receive an extra amount on top of the base deduction. For 2026, this is $2,050 for single/head of household and $1,650 per qualifying individual for married filers.
2. New Senior Deduction (Temporary through 2028): A separate $6,000 deduction ($12,000 for joint filers) is available even for those who itemize. This benefit begins to phase out at a Modified Adjusted Gross Income (MAGI) of $75,000 for single filers and $150,000 for joint filers.
Notable Auxiliary Provisions
• Charitable Deduction for Non-Itemizers: Starting in 2026, taxpayers who take the standard deduction can also claim an "above-the-line" deduction for cash donations up to $1,000 ($2,000 for joint filers).
• Personal Exemptions: The OBBBA permanently set personal and dependent exemptions at $0, continuing the structure where the larger standard deduction serves as the primary tax-free income threshold.
• Itemization vs. Standard Deduction: The act significantly expanded the State and Local Tax (SALT) deduction cap to $40,000 (indexed for inflation in 2026 to $40,400), which may lead more taxpayers to choose itemizing over the standard deduction compared to previous years.
Under the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, the Child Tax Credit (CTC) has undergone permanent expansion and eligibility changes.