Sapphire Accounting Solutions, LLC

01/26/2026

Tax season begins today!

Thanks to President Trump's Working Families Tax Cuts, Americans will reap the benefits of a HISTORIC 2026 tax season, with the largest tax cut in U.S. history. 💰

01/17/2025

The deadline to send out your business's 1099s to unincorporated vendors is Jan 31st!
As a reminder, when the following conditions are met, your business is required to report payments using Form 1099-MISC:
◻️ Payment is made to a non-employee
◻️ Payment is made for services to your trade or business
◻️ Payment is made to an unincorporated entity (individual, partnership, LLC elected to be treated as a sole proprietor)
◻️ Payment(s) total $600 or more in the calendar year
Call/text/message us, we're here to help you file these!

12/31/2024

If you're not tracking your business mileage, you could be missing out! The IRS lets you deduct some of the costs of using a personal vehicle for business purposes. Just like you can deduct the cost of business expenses such as marketing, you can also deduct your business mileage.
Your mileage could be worth a lot! Every business mile is worth 67 cents per mile for 2024! The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. Consider how much you truly drive for business. While you can’t deduct your commute, you can write off every trip that is related to your small business. This includes trips to meet clients, picking up supplies, running to the bank, hopping between offices and much, much more. Your miles can really add up … If you’re keeping track.
There are apps available for helping you track your mileage, but if you do it manually, let this email be your reminder to notate the ending mileage of the odometer today or tomorrow on any vehicle you use for business purposes. At tax time, you will need to separate the number of miles you drove for business purposes and the number of miles you drove for personal. So, having the ending & beginning odometer readings are very helpful.
Give us a shout if you have any questions!

12/24/2024

11/28/2024

Gratitude turns what we have into enough. Thank you for your continued support and trust in our business. Wishing you a memorable Thanksgiving surrounded by food, warmth, and people you love dearly!