Monument Financial Services

10/21/2026

Starting a business? Here's something worth knowing before you form an LLC. 💡 The IRS taxes a single-member LLC the same way it taxes a sole proprietor, so forming one doesn't come with built-in tax savings. The real value of a single-member LLC is legal, not financial. By contrast, a multi-member LLC is taxed as a partnership by default and files its own partnership return, Form 1065.

LLC is also short for Limited Liability Company, a separate entity under state law that can help protect your personal assets from business debts and lawsuits. One thing people often miss is that the "C" doesn't stand for "Corporation." It stands for "Company." Most states also require LLCs to file annual reports and stay compliant. It's a good thing to understand before opening your own business.

Learn more from the IRS:

Review information about a Limited Liability Company (LLC) and the federal tax classification process.

10/15/2026

Cheers to October 15th! Today, Thursday, October 15th, marks the extended filing deadline for individuals and C-Corporations who filed an extension for tax year 2025. Here's to wrapping up tax year 2025 strong!

10/06/2026

Time for biz bookkeeping! 📂 Monthly and Quarterly business clients, please send in your bookkeeping documents for September (monthly clients) or Quarter 3 (July-Sept, quarterly clients). Having everything on time helps us keep your books up to date and accurate. Thank you!

09/22/2026

Happy American Business Women’s Day! Today, we celebrate the women in business who lead, build, and make an impact every day. As an office full of women, Monument Financial is proud to honor the women who make our workplace what it is.

09/15/2026

The October 15th tax deadline is coming up! The deadline to file 2025 tax returns for individuals and C Corporations that have filed extensions is coming up on October 15th, which is just one month away!

If you filed an extension, or had us file one on your behalf, please make sure to submit your tax documents to our office by September 24th to allow us enough time to prepare and file your return by the deadline.

Please note that documents submitted AFTER our office deadline may not allow sufficient time for preparation, and we cannot guarantee timely filing.

09/08/2026

Tax deadline reminder alert! In just a week, this coming Tuesday, September 15th is the 2025 filing deadline for S Corporations & Partnerships with extensions. To add, the Q3 estimated tax payments for Individuals and C Corporations are also due on September 15th.

09/03/2026

Happy early Labor Day Weekend! We celebrate the hard work that keeps our businesses and communities moving. We hope you enjoy a relaxing weekend with family and friends!

Please note: our office will be closed from Friday, September 4th through Monday, September 7th, and will reopen on Tuesday, September 8th, from 9AM-5PM.

Have a safe and happy Labor Day!

08/26/2026

Several kinds of major life events can affect an individual taxpayer's filing requirements, tax benefits, and withholding. The major life events the IRS considers include marriage, welcoming a new child, divorce, or the loss of a loved one- all of which can impact your tax situation.

After any major life event, taxpayers should review their withholding, update their personal information, and keep important records.

Questions? Contact us about how these changes may affect your taxes so we can help prepare you for the next filing season.

08/18/2026

Working overtime this summer? It could pay off at tax time next year.

Thanks to the Working Families Tax Cuts (effective 2025-2028), you may be able to deduct up to $12,500 of qualified overtime pay ($25,000 if you're married filing jointly) on your federal return. Hold on to your last pay stub showing your qualified overtime work and include when dropping off your taxes. Our tax professionals will need it to verify to make sure you qualify for the deduction.

Learn more:

Working Families Tax Cuts impacting individuals and workers.

08/13/2026

It’s not tax time, but that doesn’t mean it’s the end of tax support! Planning ahead can make a significant difference in your taxes in the future. If you ever have any questions about how a scenario can affect your taxes for next year, feel free to reach out - we’re here to help!