Padgett Lakeland

Payroll seems like it should be simple… until it isn’t.
Between setup headaches, constant updates, and weekly processing, payroll can eat up more of your time than you ever planned.

Good news? You don’t have to do it alone.
We help small business owners take payroll off their plate so they can get back to growing their business, not drowning in admin.

Want payroll handled for you?
Send us a message and let’s lighten the load!

Government shutdown? Here’s what that means for the IRS (and for you):
▪️ Expect even more delays.
▪️ Deadlines? Still the same.
▪️ Notices in the mail? Call your tax preparer.

Short answer: delays happen, but your deadlines don’t move. Stay proactive and don’t wait!

September 15th is a big IRS deadline day:
-Quarterly Estimated Tax payments due
-S-Corp and Partnership extended returns due

Reach out if you have questions or need help!

What do you do if you get an IRS notice?
1) DON'T PANIC!

The IRS has acknowledged that processing delays have led to the issuance of incorrect CP59 notices to taxpayers who either have a valid extension on file or whose 2024 tax returns have already been accepted by the IRS.

Always contact your preparer if you get an IRS notice! They often have special preparer numbers that they can reach the IRS at and they can check the status of your return and point you in the right direction.

For more information on what to do if a taxpayer receives a CP59 notice visit IRS.gov and search Understanding Your CP59 Notice.

Do I need a *local* bookkeeper? Not unless you’re dying for an excuse to sit in traffic. 😉

Bookkeeping used to mean driving across town with a stack of papers. Now? Everything we need is a few clicks away.

We use secure systems to protect your data, cloud software so we can both log in anytime, and communication that fits your style—video calls, email, text, even DMs.

Which means you can find someone who gets you and your business… not just someone who happens to be nearby.

Though we do think it's wise to make sure your bookkeeper/accountant is able to handle your state and tax needs! Not all states are the same - especially as far as taxes go.

Let’s make bookkeeping easy and relationship-driven—no matter where you are! Fill out the new client estimate form ( https://padgettlakeland.com/estimate.php) to see if we are a good fit!

No taxes on tips or overtime? It's part of the One Big Beautiful Bill , but what does that actually mean for you?

With so much information going around, we're breaking down what these proposed tax changes really mean for workers and employers.

Swipe through to see who qualifies and what to keep in mind for 2025.

We're keeping a close eye on the updates to keep you informed as things develop!

Legislation like this takes time to fully digest, and the IRS is expected to issue further guidance in the months ahead. At Padgett, we’re staying ahead of the changes so you don’t have to.

While some of these updates may not apply to your specific business today, we’ll continue to monitor what’s relevant and help you prepare for what’s next.

Have questions about how these changes may impact your business? Reach out with any questions!

https://www.padgettadvisors.com/blog/what-the-one-big-beautiful-bill-means-for-small-business-taxes/?fbclid=IwY2xjawLkxAFleHRuA2FlbQIxMQABHjr9OqtwW_xcuLNW1IPxNimrK3S7gmLX5AdFUCQ6V3Z5FYJzikoF6-cxMRnv_aem_SDakP3ENCGZI_pZ3drvJsw

What the “One Big Beautiful Bill” means for small business taxes | Padgett With a mix of favorable and less favorable updates for small business owners, it’s important to stay informed on the latest provisions.

On July 14th, the IRS posted infomraiton on some of the new provisions of the OBBBA:

One Big Beautiful Bill Act: Tax deductions for working Americans and seniors | Internal Revenue Service FS-2025-03, July 14, 2025 — Provisions from the One Big Beautiful Bill Act, which was signed into law on July 4, 2025.

We're here to bring the best small business insights straight to your inbox. Read the latest tax news, dive into top issues and get tips of the trade from our team of trusted advisors.

View this month's small business builder here!

One Big Beautiful Bill - what do you need to know? Small business owners are the backbone of our communities, and we’re honored to support them. In light of the recent floods and storms, our hearts go out to the families and businesses affected. Your safety and well-being are our priority.

Since 2022, businesses have faced new restrictions on deducting research and development expenses—turning immediate write-offs into multi-year amortization schedules.

Now, The One, Big, Beautiful Bill includes provisions that would modify these rules, though its passage and final form remain uncertain.

Tax legislation can be overwhelming to track and even harder to understand the real-world impact. That's why we're here to help break down complex tax changes into clear, actionable guidance for your business. You focus on what you do best—we'll handle keeping you informed and prepared. Read our latest blog to learn how proposed changes to R&D expense deductions could affect your business.

https://www.padgettadvisors.com/blog/the-one-big-beautiful-bill-could-change-how-businesses-deduct-research-costs/?fbclid=IwY2xjawLaeOFleHRuA2FlbQIxMQBicmlkETF6aWFLcnN1MnoxR0tYcXRpAR6fbXLo_S_GMC35JPptYl9NFr6pbw8Dop03JAjwqCdA_uIJolqNytswmhJXrw_aem_IokyBiquFSsewmWICqznjQ

The One, Big, Beautiful Bill could change how businesses deduct research costs | Padgett The bill includes a provision that would restore immediate deductibility for research and development expenses

There are lots of "inexpensive" options out there for bookkeeping right now. Going with the cheapest option might *seem* smart, it's less money, right?!

It's cheap for a reason.

Anyone can reconcile accounts. But here's the value you're missing out on when you go with a budget bookkeeping option: ⤵️

→ Personalized service with an account manager who's going to invest the time to understand your unique business and the specific metrics that are important for you to track.

→ Padgett offices have a home office of experts available to them who can provide the best possible support across most industries.

→ Local offices have trusted networks of financial partners (like attorneys, insurance agents, and bankers) to help you create a full-blown financial success strategy.

→ The availability to be there when you have questions and walk you through any questions and help you truly understand what your numbers are telling you

→ Relationship > transaction. We're in this with you, long-term.

When you're ready for a white-glove bookkeeping experience (that isn't *that* much more expensive than the budget options), visit our website PadgettLakeland.com for a free estimate and discovery call!

Struggling to keep your cash flow steady? You're not alone.

Cash is the lifeblood of your business—and smart cash management can mean the difference between staying afloat and falling behind.

We put together some quick cash flow dos and don'ts to help you stay in control and plan ahead:
CASH FLOW DOS:
✔️ Keep cash reserves on hand for at least 3-6 months of expenses (preferably in a high-yield savings account).
✔️ Invoice promptly and set automatic reminders to follow up on overdue invoices.
✔️ Plan for seasonal fluctuations and monitor cash flow projections.

CASH FLOW DON'TS:
🚫 Take on too much debt without a plan to pay it back.
🚫 Overextend on crucial expenses like payroll, inventory, or rent.

If you’re ready to feel more confident about your finances, it starts with having accurate, up-to-date bookkeeping—and a trusted advisor to help you make sense of the numbers.

Let’s talk about how we can help!