Running a small business is exciting, but it also means wearing many hats. One hat that often becomes too heavy for business owners is bookkeeping. At first, you may manage it on your own, but there comes a point when doing your books takes more time than it’s worth. So, how do you know it’s […]
When Is It Time to Hire a Bookkeeper? Read More »
The Internal Revenue Service (IRS) has announced new guidance offering tax relief to farmers and ranchers who were forced to sell or exchange livestock due to ongoing drought conditions across the United States. What This Means for Farmers and Ranchers Under this relief, eligible taxpayers will have additional time to replace livestock sold because of
IRS Provides Tax Relief for Farmers and Ranchers Affected by Drought Read More »
Many small business owners start with DIY bookkeeping to save money. At first, it seems manageable: track expenses, send invoices, maybe use QuickBooks or Excel. But as your business grows, so does the complexity of your books and the hidden costs of doing your own bookkeeping often outweigh the price of hiring a professional.If you’re
The True Cost of DIY Bookkeeping vs. Hiring a Professional Read More »
Being an educator is one of the most rewarding careers, but it often comes with out-of-pocket costs. From buying classroom supplies to investing in professional development, many teachers spend their own money to give students the best learning experience possible. The good news is that the IRS provides a special tax deduction to help offset
Educator Expense Deduction: What Teachers Need to Know for Tax Season Read More »
The Heavy Highway Vehicle Use Tax (HVUT) is an annual federal excise tax on heavy highway motor vehicles that operate on public highways and have a taxable gross weight of 55,000 pounds or more. If you operate such vehicles, it’s important to stay ahead of the filing deadlines to avoid penalties and keep your vehicles
Key Filing Deadlines for the Heavy Highway Vehicle Use Tax (Form 2290) Read More »
On July 4, 2025, the One Big Beautiful Bill Act (Public Law 119-21) was signed into law, introducing valuable new tax deductions that could help many taxpayers save more on their taxes from 2025 through 2028. Here’s a clear breakdown of what these new provisions mean and how you could benefit. No Tax on Tips
New Tax Deductions for Workers and Seniors Under the One Big Beautiful Bill Act Read More »
Tax season shouldn’t feel like pulling teeth, but for many small business owners, it often does. Between deciphering complex deduction rules and meeting strict filing deadlines, the stress can mount quickly, leaving you distracted from growing your business. At JAF CPA LLC, we specialize in transforming your biggest tax challenges into streamlined, stress-free processes. Serving
What’s Your Biggest Tax Headache? Deductions? Tax Filing? Read More »
In response to the severe storms, straight-line winds, and flooding that began on July 2, 2025, the Internal Revenue Service (IRS) has announced extended tax deadlines for individuals and businesses in parts of Texas.If you live or operate a business in Kerr County, you now have until February 2, 2026, to file certain federal individual
IRS Announces Extended Tax Deadlines for Texas Taxpayers Impacted by July 2025 Storms Read More »
In today’s fast-paced business world, every smart decision counts. One of the most overlooked yet powerful decisions a business owner can make is outsourcing their bookkeeping and not just to anyone, but to a trusted, experienced firm like JAF CPA.Whether you’re a startup managing your finances with limited resources or a growing business looking to
IRS Interest Rates Will Remain Unchanged
IRS Interest Rates Will Remain Unchanged for Q3 2025 Read More »
