Irania Graterol Accounting & Taxes

If you have a child’s birthday coming up, remember that the Working Families Tax Cuts allows up to $5,000 per year in aggregate contributions to a Trump Account. Get more details from the about the gift that gets better year after year at: www.irs.gov/trumpaccounts

Getting divorced or legally separated affects filing status, tax withholding, who can claim dependents, and eligibility for certain credits and deductions. should review guidance to help clients understand what needs to be updated: https://ow.ly/EO0t50Zq6Hh

Filed an extension back in April and have everything you need to file your return right now? There's no need to wait until the October deadline. You can file your return with the and get back to enjoying your summer.

File now at www.irs.gov/file.

The has announced tax relief for individuals and businesses in Mississippi who were affected by severe storms, straight-line winds, tornadoes and flooding that began on May 6, 2026. Affected individuals and businesses will have until Nov. 2, 2026, to file returns and pay any taxes that were originally due during this period. https://ow.ly/c6R150Zns4kf

Summer often means extra help for many businesses. If you're hiring seasonal or part-time employees, the reminds employers that these workers are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees.
If you're a seasonal employer, you also may not have to file Form 941 for quarters when you paid no wages and have no tax liability. Check the "seasonal employer" box in Part 3 of every Form 941 you file.

Learn more about seasonal employer filing and withholding requirements before your next hiring cycle: https://ow.ly/y6nE50ZjmXs

Are you self-employed, working a side gig, or running a small business? Don’t wait to check if you're on track with your retirement savings. Start making small adjustments today that make a big difference tomorrow. Learn more: www.IRS.gov/midyear

🤠 New Trump Accounts can help eligible families start building long-term savings. Before you ride off, rein in the facts and learn more at www.irs.gov/trumpaccounts Cheyenne Frontier Days™