Working draft for publication September 1, 2026 A Season of Growth, Community, and Preparation As summer winds down and fall begins, we are looking forward to a season filled with community events, important tax reminders, and meaningful opportunities to serve our clients. This edition of The Bottom Line includes an exciting update from Refund on…
¿Prefieres leer en español? Haz clic aquí If you provide paid family and medical leave, or you are considering adding it to your employee benefits, this week’s IRS news may be important for your business. The IRS and Treasury released Notice 2026-28 with guidance on a permanent and expanded tax credit for paid family and…
¿Prefieres leer en español? Haz clic aquí The short answer The One Big Beautiful Bill, sometimes called the Trump plan, changes how charitable contributions may affect your 2026 federal income tax return. The most important change is that taxpayers who claim the standard deduction may now qualify for a separate charitable contribution deduction for certain…
¿Prefieres leer en español? Haz clic aquí A practical checklist for understanding gifts, Form 709, and Trump Accounts The One Big Beautiful Bill Act, signed on July 4, 2025, created Trump Accounts for eligible children. These accounts are intended to provide long-term investment savings, but they also raise an important question for parents, grandparents, relatives,…
¿Prefieres leer en español? Haz clic aquí The IRS is making it easier for eligible businesses and organizations to manage federal tax information online. In its August 6, 2026, news release, IR-2026-87, the agency announced major new and expanded features for the Business Tax Account, or BTA. For small business owners, these updates could save…
¿Prefieres leer en español? Haz clic aquí para ir a la versión en español. Hosting on Airbnb or Vrbo can be a fantastic way to generate extra income or even build a full-scale real estate business. However, the internal revenue service has a very specific set of rules for short-term rentals. If you wait until…
¿Prefieres leer en español? Haz clic aquí Tax season might feel like it’s in the rearview mirror, but for small business owners and the self-employed, the clock is always ticking. If you’ve ever hit Tax Day and realized you owe way more than you expected, you know that a little planning goes a long way…
¿Prefieres leer en español? Haz clic aquí Navigating the world of taxes often feels like trying to read a map that changes while you’re driving. Just when you think you’ve memorized the turns, the IRS updates a form, shifts a deadline, or introduces a new digital portal that changes the landscape entirely. Here at Books…
¿Prefieres leer en español? Haz clic aquí Welcome to the Summer Edition of The Bottom Line! The sun is out, the grills are heating up, and here at Books on the Go CPA Firm, we are trading our heavy tax-season parkas for some lighter (but still professional!) summer vibes. Just because the big April deadline…
¿Prefieres leer en español? Haz clic aquí Hey everyone! It’s Millicent here. At Books on the Go CPA Firm, we’re always looking for ways to make life easier for our small business owners. We handle your bookkeeping, keep your taxes in line, and help you understand your numbers, but we also know that sometimes, to…
