IRAS Accounting

10/07/2026

🚨 Business owners: 85 days left to cut your 2026 tax bill.

Moves to make before December 31:

🖥️ 100% bonus depreciation is BACK — buy equipment and place it in service by 12/31 to write off the full cost this year
📦 Section 179 limit now $2.56M
💼 The 20% QBI deduction is now permanent — review your entity choice
🔬 R&D costs are fully deductible again
🏦 Set up your Solo 401(k) by 12/31: $24,500 ($32,500 if 50+) / SEP IRA up to $72,000
📅 Prepay 2026 expenses, defer income into 2027
🧾 1099 reporting threshold is now $2,000 — cleaner books

Every dollar of deduction you lock in this year is cash back in your business.

Want us to run the numbers for you? Send us a DM.

For more tips, creative strategies, or business tax planning — schedule a consultation with us.

10/07/2026

⏳ 85 days left in 2026 — and that's 85 days to lower your tax bill.

Before December 31, consider:

💰 Max your 401(k): $24,500 ($32,500 if you're 50+, $35,750 if you're 60–63)
🏦 Fund your IRA: $7,500 ($8,600 if 50+)
🏥 HSA: $4,400 single / $8,750 family — triple tax advantage
📋 SALT cap is now $40,400 (was $10,000!) — itemizing may beat the $32,200 standard deduction this year
✂️ Harvest investment losses to offset gains
❤️ Bunch charitable gifts into 2026

New for 2026: no federal tax on tips & overtime, a $6,000 deduction for filers 65+, and a $2,200 child tax credit.

Small moves now = real savings in April. Want a personalized year-end checklist? DM us — that's what we're here for.

For more tips, creative strategies, or individual tax planning — schedule a consultation with us.

11/05/2024

📢 Attention Businesses: BOI Filing Requirements are Here! 📢

All U.S.-based corporations, LLCs, and similar entities must now file their Beneficial Ownership Information (BOI) report to comply with the Corporate Transparency Act (CTA). The deadline is fast approaching, so make sure your business is prepared!

🔹 Who Needs to File?

Corporations, LLCs, and partnerships registered in the U.S. or foreign entities doing business in the U.S.
If your company was formed before 2024, you have until the end of 2024
If the company was formed in 2024, you have 90 days
After 2024, you have 30 days

🔹 Required Documents:

Legal entity name and address
Ownership and control information (Names, dates of birth, addresses, and copies of IDs for all beneficial owners)
FinCEN Identifier (FIN) if applicable – highly recommended for efficiency!

🔹 Estimated Time: Approximately 10-20 minutes if you have all documents ready.

🔹 Filing Recommendations:

I recommend to use the PDF submission method for secure and efficient processing.
I would also recommend to apply for a FinCEN ID to streamline future filings.
👉 File your BOI here: FinCEN BOI Filing Portal

Ensure your business is compliant—act now to avoid penalties!

10/07/2024

LAST DAY TO PAY BUSINESS PROPERTY TAXES IN FAIRFAX COUNTY, VA

02/12/2024

Retirement options for SELF Employed

02/12/2024

STILL NOT TO LATE

HSA
Traditional IRA
Cost segregation
SEP IRA

02/08/2024

BOI FILING
BENEFICIAL OWNERSHIP INFORMATION REPORTING

All business owners of LLCs need to file a report using the BOI E-FIling System until Jan 1, 2025

If you opened the company this year, you have 90 days to file after registration.

The penalty for not filing the report is $500.00 per day the violation continues

LINK: https://www.fincen.gov/boi🤓

12/12/2023

EOY 2023 TAX TIPS:
START THE BUSINESS

12/12/2023

Common real estate agent expenses:
(by Natalie Kolodij, CRET)

09/06/2023

Если вы хотите посчитать, сколько налогов вы будете должны IRS в этом году, используйте этот замечательный калькулятор, предоставленный IRS. Если liabilities очень высокие, назначайте скорее встречу и будем думать, что делать с вашими деньгами 🤓

Find tax withholding information for employees, employers and foreign persons. The withholding calculator can help you figure the right amount of withholdings.