¿Prefieres leer en español? Haz clic aquí Hey there, small business owners and friends of Books on the Go CPA Firm! It’s Wednesday, May 20, 2026, and yes, the April deadline may be in the rearview mirror, but the IRS is still out here dropping plot twists. This week’s updates are a mix of scam…
¿Prefieres leer en español? Haz clic aquí Let’s be real: when most people hear "cost-cutting," they think of cheap coffee in the breakroom or laying off talented people. That’s not what we’re doing here. At Books on the Go CPA Firm, we believe in cost control. Controlling costs is about efficiency. it’s about making your…
Phew. We made it. Take a deep breath, Millicent, and everyone else who survived the 2026 tax gauntlet. The dust is finally settling on the first filing season under the "One Big Beautiful Bill Act" (OBBBA), and let’s just say it was… eventful. At Books on the Go CPA Firm, we spent the last few…
Tax season can feel overwhelming, especially when you're juggling business operations and trying to figure out which deadline applies to your specific business type. If you're scrambling to get your business tax return together, you're not alone – and filing an extension might be exactly what you need. But here's the catch: not all business…
As March 15th approaches, S-Corp and partnership owners need to understand one of the most valuable: yet complex: tax benefits available: the Qualified Business Income (QBI) deduction. This deduction can save you thousands of dollars, but only if you know how it works and avoid the common pitfalls that trip up many business owners. What…
Hey there! If you’re a business owner, you’ve probably had that moment at a restaurant where you tap your card, grab the receipt, and think, “Sweet, Uncle Sam is picking up half the tab for this.” Well, I hate to be the bearer of bad news, but as of 2026, those rules have shifted quite…
If you're an S-Corp or partnership owner, March 15th is fast approaching: and that means it's time to get serious about your Schedule K-1 and basis reporting. While the actual filing deadline for most S-Corps and partnerships is March 17th this year (since March 15th falls on a Saturday), don't wait until the last minute…
Tax season can feel overwhelming, especially when you're trying to figure out your filing status. If you're a single parent or dealing with shared custody, you might be wondering whether you qualify for Head of Household status, and what happens when children split time between parents. Let's break down these complex rules in simple terms….
Tax season brings up plenty of questions for families with college students. One of the biggest head-scratchers? Whether you should let your college student claim themselves on their tax return or keep claiming them as your dependent. The answer isn't always straightforward, and it depends on your specific situation and goals. The key thing to…
January is the perfect time for a fresh start, and there's no better place to begin than with your business finances. If you're staring at a pile of receipts, wondering where your bank statements went, or realizing you haven't reconciled your accounts in months, you're not alone. Most small business owners struggle with keeping their…
