Don Thomas CPA

10/09/2026

QuickBooks is now connecting with Meta’s Muse AI—and that could change how auto repair shops handle invoices, payments, and financial questions. The surprising part? AI can only be helpful if your books are clean. See why better bookkeeping matters more than ever. Read now.

QuickBooks is joining Meta's Muse AI platform. Learn what this means for your auto repair shop's accounting, cash flow tracking, and financial strategy.

10/09/2026

Big news for forward-thinking donors and families: a new federal tax credit for scholarship contributions could change how you support K–12 education starting in 2027. It’s capped, state-dependent, and not the same as a charitable deduction. Curious how it works? Read now and see if it fits your tax strategy.

A detailed look at the upcoming Section 25F Federal Scholarship Tax Credit, its $1,700 annual cap, state-credit offsets, and key planning tips.

10/08/2026

Think your tax return was filed just because you signed it? The IRS may disagree if it was never received or accepted—and that can reopen old years fast. Learn what to do if you get a missing-return notice, how to verify it’s real, and how to protect your refund and business. Check it out.

Find out what steps to take if the IRS claims your tax return is missing. Learn about notices, transcripts, and proof of mailing.

10/06/2026

Got a big cash payment at your auto shop? 💵 Form 8300 rules can surprise even seasoned business owners—and missing them can mean costly penalties. Learn what counts as “cash,” when you must file, and how to stay compliant without slowing down your shop. Read now.

Understand Form 8300 reporting rules for cash payments over $10,000. Learn what counts as cash, e-filing requirements, and how to protect your shop.

10/05/2026

Cash payments in your auto shop could trigger an IRS Form 8300 filing—yes, even if it’s a routine repair. Staying compliant can help protect your business from costly penalties and unwanted attention. Learn what your shop needs to know to keep cash transactions stress-free. Check it out!

Learn why the IRS requires your auto repair shop to file Form 8300 for large cash transactions, and how to stay compliant with federal regulations.

10/05/2026

Learn when businesses must file Form 8300, what counts as cash, and the reporting rules that apply to large cash payments.

10/02/2026

A fake NFL star, a fake advisor, and real victims—this fraud scam led to millions in losses. Learn the red flags, tax implications, and how to protect your money before it’s too late. Read now.

Discover how a fake NFL player scammed investors out of $1.3M and learn the critical tax rules for investment fraud losses and IRA withdrawals.

10/01/2026

Scammers aren’t just after money—they’re using fear, urgency, and even fake family emergencies to target older adults. Learn the most common elder fraud tactics and simple ways to protect your loved ones before it’s too late. Read now.

Understand the warning signs of elder fraud, from tax scams to investment schemes, and learn how Central Florida families can safeguard older adults.

10/01/2026

Think “limited partner” automatically protects you from self-employment tax? Not so fast. Recent court rulings have made this issue far more complicated for business owners and LLCs with active participants. Learn what really matters before the IRS does. Read now.

Understand how recent Tax Court and Fifth Circuit rulings on limited partner status and self-employment taxes affect Central Florida businesses.

09/30/2026

Thinking about retirement income before year-end can save you real money. From Roth conversions to RMDs and Social Security, the right move now could lower taxes later—and some deductions may phase out faster than you expect. Read now to see what to review before December 31.

Review 5 crucial year-end retirement tax moves for auto repair shop owners in Central Florida. Plan RMDs, Roth conversions, and more before Dec 31.