Wharton CPA, PLLC

10/06/2026

Think cash payments are simple? Not always. 💵 If your business receives more than $10,000 in cash, IRS Form 8300 may be required — and even “cash-like” payments can have surprising rules. Learn what counts, what doesn’t, and how to stay compliant. Read now to protect your business.

For business owners handling significant day-to-day transactions, accepting cash payments brings convenience, but it also triggers specific regulatory responsibilities. One of the most critical compliance areas to understand before accepting a major cash payment is IRS Form 8300. This reporting tool...

10/06/2026

Blame Congress, not the IRS 🇺🇸
The IRS doesn't write your tax laws — Congress does. You know, the people we voted in.
The IRS just enforces them. They're basically the bouncers. Congress is the one charging cover at the door.
So next time you're mad about your taxes, yell at the right people. 😅

10/05/2026

Cash payments can trigger more compliance rules than many business owners expect. Form 8300 is a must-know if your company handles large cash transactions—and missing it can create costly problems. Find out what it means for your business and how to stay protected. Read now.

If your business accepts cash, staying out of the dark on compliance is non-negotiable. At Wharton CPA, we regularly advise our construction, real estate, and trade clients that Form 8300 is one of those rules you need to fully understand long before a substantial payment comes through the door.

10/05/2026

Learn when businesses must file Form 8300, what counts as cash, and the reporting rules that apply to large cash payments.

10/02/2026

A fake 49ers player, a “financial advisor,” and a $1.3M scam—what looked like luxury and opportunity was allegedly a total fabrication. Learn the red flags to spot fraud before it costs you, and why stolen funds can create tax headaches too. Read now.

A professional football player. A lavish lifestyle. A trusted financial advisor. And investment opportunities that promised to build serious wealth.

10/01/2026

The IRS: here to ruin your fun since... always. 🙃

Here's the thing most business owners don't realize... the whole reason the accrual method exists is because ,the powers that be, got tired of business owners taking big expenses at year-end to artificially keep net income down.

Net income = taxable income. So if you lower one, you lower the other. And the IRS? They caught on.

Is it smart? Sure. Does it also mean you need a dedicated bookkeeper and possibly a therapist? Also yes. But credit where credit's due; the IRS doesn't force small businesses into accrual because they know it wouldn't be cost-effective. So enjoy the cash method while you can.

What method is your business on? Drop it in the comments

I promise I won't judge (much).

10/01/2026

Scammers use fear, urgency, and trust to target older adults. Learn common warning signs, how to prevent fraud, and steps families can take to help protect loved ones.

Elder fraud is a serious and growing problem. Every year, criminals use increasingly sophisticated schemes to steal money, personal information, and peace of mind from older adults. These scams can happen by phone, text, email, social media, mail, or even in person. Some are simple lies. Others are....

10/01/2026

Think being a “limited partner” automatically shields your business income from self-employment tax? Not anymore. Recent court rulings are changing the rules, and the details of how your business is run matter more than ever. Find out what this means for owners and partners before year-end planning. Read now.

For decades, small business owners and their tax advisors have operated under a relatively straightforward assumption: if you are structured as a limited partner, your share of partnership profits is shielded from self-employment taxes. This assumption, rooted in a specific section of the Internal R...

09/30/2026

09/30/2026

Retirees: the biggest tax moves for 2026 happen **before** year-end—not at tax time. A Roth conversion, RMD planning, and even Social Security can all affect your tax bill in surprising ways. Don’t wait until December to plan ahead. **Find out what to review now.**

Tax preparation generally reports decisions that have already happened. Tax planning asks whether something should still happen before December 31.