Tolli Tax & Accounting

09/21/2026

Is that business lunch actually deductible?

Business meals are often described as "50% deductible," but there's more to the rule.
Our newest Tolli Tax Knowledge Center guide explains when business meals qualify, what happens when meals are connected with entertainment, which expenses may receive different treatment, and what records you should keep.

Read the full guide: www.tollitax.com/tolli-tax-knowledge-center-guides/business-meal-deduction

09/08/2026

Working from home doesn't automatically make your home office deductible.

The IRS has specific requirements involving regular and exclusive business use—and you may qualify even if you perform much of your work somewhere else.

Our newest Tolli Tax Knowledge Center guide explains who can qualify, the simplified and actual expense methods, depreciation, recordkeeping, and an often-overlooked connection between a qualifying home office and business mileage.

Read the full guide: https://www.tollitax.com/tolli-tax-knowledge-center-guides/can-i-deduct-a-home-office-for-my-business

08/24/2026

Does a small nonprofit really need to maintain detailed records?

Yes—even organizations that file only Form 990-N have recordkeeping responsibilities.

Our newest Tolli Tax Knowledge Center guide covers financial records, donor acknowledgments, board records, payroll, organizational documents and other records nonprofits should maintain.

Read the full guide: https://www.tollitax.com/tolli-tax-knowledge-center-guides/nonprofit-recordkeeping

08/08/2026

How long should you keep your business records?

Three years isn't always the answer.

Different records can have different retention periods—and payroll records, business assets and certain tax situations may require documents to be kept much longer.

Our latest Tolli Tax Knowledge Center guide explains what business owners should keep and when records may safely be discarded.

Read the full guide: www.tollitax.com/tolli-tax-knowledge-center-guides/business-record-retention

08/03/2026

Could you owe taxes before you file your return?

Many taxpayers are required to pay taxes throughout the year—not just at filing time. If you have self-employment, investment, rental, or other income without withholding, estimated tax payments may be required.

Learn how estimated taxes work, when payments are due, and how to avoid underpayment penalties in our latest Knowledge Center article.

🔗 Read more on our website.
https://www.tollitax.com/tolli-tax-knowledge-center-guides/individual/do-i-need-to-make-estimated-tax-payments

07/30/2026

Can you deduct your business vehicle expenses?

If you use your vehicle for work, you may qualify for valuable tax deductions—but only if you follow the IRS rules and keep accurate records.

Learn the difference between the Standard Mileage and Actual Expense methods, what qualifies as business travel, and the records you should keep.

Read more on the Tolli Tax Knowledge Center.

https://www.tollitax.com/tolli-tax-knowledge-center-guides/business/can-i-deduct-business-vehicle-expenses

07/25/2026

📸 We’re on Instagram!

If you enjoy our tax tips, reminders, small business resources, and behind-the-scenes look at Tolli Tax & Accounting, we’d love to connect with you on Instagram too.

You’ll find:
✅ Tax tips in plain English
✅ Important tax deadlines
✅ Small business and nonprofit insights
✅ Local community updates
✅ A few behind-the-scenes moments from the office

Give us a follow and stay connected year-round!

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Thank you for supporting a local, family-owned business. Every follow, share, and recommendation helps us reach more individuals and small businesses who need trusted tax and accounting guidance.

4 Followers, 0 Following, 3 Posts - See Instagram photos and videos from Tolli Tax & Accounting ()

07/24/2026

Received a letter from the IRS?
Opening an IRS notice can be stressful, but it doesn't automatically mean you're being audited.

Many IRS notices are simply requesting information, explaining changes to a return, or notifying taxpayers about a balance due.

Our newest Tolli Tax Knowledge Center article explains:

• Why the IRS sends notices

• What information to review first

• Why responding promptly matters

• When it makes sense to contact a tax professional

Read the full article on our website:

👉 https://www.tollitax.com/tolli-tax-knowledge-center-guides/what-should-i-do-if-i-receive-an-irs-notice
This article is part of the Tolli Tax Knowledge Center, where we share practical tax and accounting resources for individuals, businesses, and nonprofits.

Received an IRS notice? Learn why the IRS sends notices, what they mean, and the steps you should take before responding. Educational guidance from Tolli Tax & Accounting.

07/24/2026

💼 Can your business deduct that expense?

One of the most common questions we hear is:

"Can I write this off?"

The answer isn't always as simple as yes or no.

In our newest Knowledge Center article, you'll learn:

✅ What makes a business expense generally tax deductible

✅ Common deductible business expenses

✅ Expenses that often cause confusion

✅ Why good recordkeeping is just as important as the deduction itself

Understanding the rules now can help you make better decisions throughout the year—not just at tax time.

📖 Read the full article below:
https://www.tollitax.com/tolli-tax-knowledge-center-guides/what-business-expenses-are-tax-deductible

Learn which business expenses are generally tax deductible, what records you should keep, and common mistakes to avoid. Practical guidance from Tolli Tax & Accounting.

07/21/2026

Does QuickBooks replace a bookkeeper?

QuickBooks is a great accounting tool, but it doesn't automatically know if transactions are categorized correctly, accounts are reconciled, or your financial reports are accurate.

In this article, I explain what QuickBooks does well, what it doesn't do automatically, and when professional bookkeeping may be beneficial.

📖 Read the full article below.

QuickBooks is a powerful accounting program, but it doesn't replace accurate bookkeeping. Learn what QuickBooks does, what it doesn't do, and when professional bookkeeping may help.