Keystone CPAs

Is your business cash working as hard as you are?

Having cash on hand is important—it provides flexibility, liquidity, and peace of mind. But for many successful businesses, excess cash may be sitting in checking or low-yield accounts when it could be doing more. 💸💰

For any portion of cash you don’t need immediately, a business brokerage account may offer a way to keep funds accessible while potentially earning more than a traditional bank account.

Better financial planning doesn’t always require a big change. Sometimes, it starts with making the money you already have work a little harder. If you’re unsure whether your business is holding too much cash, contact Keystone CPAs and we'll take a look together! 🤝

💡🔗 Learn more: https://loom.ly/JojytGc

Received an IRS notice? Don’t panic—but don’t ignore it. ⚠️📬

Not every notice means you’re being audited, or that the amount shown is automatically correct. An IRS notice may propose a change, notify you of an assessment, or seek collection of an existing balance. Each situation involves different deadlines, procedures, and response strategies.

Before paying or responding, identify the tax year, issue, status of the adjustment, applicable deadline, and evidence supporting your position. Acting early can help preserve your rights and keep more options available. 📝✅

Keystone CPAs assists taxpayers with IRS notices, examinations, appeals, penalty matters, collection issues, and other federal tax controversies. If you’re unsure what your notice means, contact us for guidance before taking action.

🔗📚 Click the link to learn more: https://loom.ly/GDqluw0

Managing your business taxes just got a little more convenient. 🛜

Eligible businesses can now use expanded Business Tax Account tools to access notices, verify EINs, review installment agreements, and make certain Offer in Compromise payments online.

Haven’t checked your IRS Business Tax Account lately? Now may be a good time to log in and explore the available tools.

Learn more: 💡🔗 https://bit.ly/4zqAXLq

Did you know a “positive adjustment” in a BBA partnership audit doesn’t always mean you owe more tax? 📊💡

Under the default IRS rules, non-income bookkeeping corrections—such as capital account or liability adjustments—may be multiplied by the highest tax rate, potentially creating a significant artificial tax liability. ⚠️

The good news? Recent updates to IRS field guidelines give examiners more flexibility to evaluate the actual tax impact at the partner level. If a balance-sheet correction doesn’t change what partners actually owe, agents may be able to treat the adjustment as zero for tax calculation purposes. ✅

🔗 Learn more: https://bit.ly/4c4NBWy

📣 New IRS guidance clarifies how the qualified overtime deduction works—and it may not apply to all overtime pay.

Beginning with 2026 Forms W-2, employers must separately report qualified overtime compensation in Box 12 using Code TT. Employees should review their W-2s carefully and confirm that the reported amount is accurate.

If you work significant overtime, now is a good time to understand the rules, keep thorough records, and speak with a tax professional about how the deduction could affect your withholding and tax return.

Click the link below to learn more about the qualified overtime deduction and what these reporting changes may mean for you. ⬇️

🔗💡: https://loom.ly/l08_hd0

Selling your business? Negotiating a high sale price is only half the battle. 💰

Receiving your full payout in a single lump sum could mean facing a massive tax hit. But with a properly structured installment sale under IRC Section 453, you can spread taxable gains over 10-20 years, secure predictable long-term income, and avoid directly financing from the buyer.

⚠️ The catch? This strategy must be set up before the transaction closes.

Click the link below to read the full blog on our website to learn more. ⬇️
🔗💡: https://loom.ly/cZMDRQE

Did you build a business that can thrive without you — or did you accidentally buy yourself a very demanding job? 🤯

For many business owners, their company is their largest asset. But if every major decision, customer relationship, and operational detail depends on the owner, that can limit freedom, growth, and long-term value.

Building a stronger, more valuable business starts with reducing owner dependency, developing trusted leaders, and creating clear systems to make the company less reliant one any one person. 🤝

Click the link below to learn more: 👇

🔗: https://loom.ly/S78Raa0

💰 The IRS is changing how certain first-time penalty relief is applied — but “automatic” does not mean taxpayers should ignore a notice.

Beginning with the new Automatic Exemption from Penalty program, eligible taxpayers may receive relief without calling or submitting a written request. Still, IRS notices should be reviewed carefully to confirm the penalty type, filing history, payment status, and response deadline.

Click the link below to learn more. 👇

🔗 https://loom.ly/1D4X9BE

📊🤔 What if your biggest financial risk isn't in the stock market? What if it's actually the business you've spent years building?

What if something unexpected forced you to step away tomorrow? Or what if an opportunity to sell came along—would you know what your company is actually worth?

Many business owners can tell you what their stock market portfolio was worth yesterday, what it's worth today, and what it might be worth tomorrow. But many couldn't tell you the current value of the business they've spent years building.

Understanding your company's value isn't just about preparing to sell—it's about making informed decisions, creating clarity, protecting what you've built, and being prepared when life and business inevitably change. 💼✨

💡 Click the link below to learn why knowing your business's value today can help you make smarter decisions for tomorrow.

👉🔗: https://loom.ly/VH087m4

Just closed on a commercial property for your business? The deal might be done, but your tax strategy is just getting started. 🏢💰✨

When you acquire commercial real estate, a cost segregation study can help accelerate depreciation deductions—turning what is normally a 39-year tax recovery timeline into 5- or 15-year assets. That means significant first-year savings and immediate cash flow to put back into growing your business.

Click the link below to read our latest breakdown on how a recent Reno acquisition demonstrates the power of proactive tax strategy: ⬇️

🔗 https://loom.ly/s2jw_8Q