McCloud & Associates

02/17/2026

Looking to switch tax pros? 👀
Come in and see us today!

Our team at McCloud & Associates is ready and waiting to serve you with honest, professional tax help you can trust. We proudly service clients in all 50 states, so whether you’re local or out of state, we’ve got you covered.

✨ New clients receive 50% OFF individual and business returns
🚶 Walk-ins welcome

📍 110 W Kenosha St, Broken Arrow, OK
📞 918-205-1350

Please help us grow by sharing. Promo ends Feb. 27

12/08/2025

09/22/2025

You’re never too young to start planning for retirement. We can help you juggle multiple financial goals, including saving for a home, your children’s education and a secure retirement. Contact us at (918) 205-1350 to discuss tax-advantaged retirement plans as well as other investment opportunities, income tax-reduction strategies and risk-mitigation measures (such as insurance). On the other hand, are you getting a late start? We have tips for making and reaching aggressive retirement savings goals.

09/19/2025

During the lengthy debate over provisions of the One Big Beautiful Bill Act, we often heard tax deductions described as “above-the-line” or “below-the-line.” What’s the difference? The “line” refers to the place on your tax return that lists adjusted gross income (AGI). Above-the-line deductions reduce income before calculating AGI. This can lower taxable income and help you qualify for other breaks tied to AGI. Examples include IRA contributions, student loan interest and HSA contributions. Below-the-line deductions are taken after AGI, so they reduce taxable income but not AGI. Examples include the standard deduction, itemized deductions and the qualified business income deduction. Call us at (918) 205-1350 if you have questions.

09/17/2025

How much time did you spend on accounting and bookkeeping last month? What if you could reclaim those hours and reinvest them in your business — or yourself? Contact us at (918) 205-1350 to turn your financial chores into strategic opportunities. We can handle these time-consuming tasks for you and provide insights to help your small business thrive!

09/15/2025

Each year, some taxpayers file their tax returns and eagerly await a refund. But then they find out it’s been reduced or withheld. If a taxpayer has unpaid federal or state tax debt, including child support, the IRS can offset the debt by applying a refund toward it. For some taxpayers, a refund is essential for covering necessary expenses. Losing it can create a hardship. The National Taxpayer Advocate advises eligible taxpayers to document any economic hardship and seek an “offset bypass refund.” Note: this must be done before the IRS offsets the refund, so don’t wait. Contact us with questions: (918) 205-1350

09/12/2025

Did you know that you may qualify for a tax deduction if you’ve incurred unreimbursed medical expenses that exceed 7.5% of your adjusted gross income? To qualify for the deduction, the expenses must be paid specifically for medical or dental services, prescription drugs, insulin, medical equipment and supplies, medical insurance premiums, transportation needed to get medical care, and other eligible goods and services. The qualifying medical expenses can be incurred by you, your spouse or your dependents. The medical expense deduction is an itemized deduction and is reported on Schedule A of Form 1040. For more information: https://bit.ly/3zDg8C0 or contact us at (918) 205-1350 with questions.

09/10/2025

Taxes don’t have to be stressful! Whether you're an employee, independent contractor, business owner or retiree, our tax services are designed to minimize your tax liability, maximize your refund and keep you compliant with current tax laws. Contact us at (918) 205-1350 for professional support tailored to your unique situation.

09/08/2025

Your financial future deserves more than guesswork. We’ll work with you to align your tax planning, retirement planning and estate planning strategies to help achieve your goals — and financial peace of mind. Whether you're growing your wealth or preparing to pass it on, we’re here to help you plan with purpose. Contact us at (918) 205-1350 to get started.

09/05/2025

If a couple gets separated or divorced, it affects their tax obligations. The IRS considers couples married for tax purposes until a final decree is issued. After separating or divorcing, update your Form W-4 with your employer and check withholding using the IRS estimator. Certain alimony payments may be deductible by the payer and taxable to the recipient unless the payments are for child support, property settlements or voluntary payments. Only one parent can claim a child as a dependent. Property transfers due to divorce typically aren’t taxed but may require a gift tax return. Contact us with questions at (918) 205-1350. For more details from the IRS: https://bit.ly/3HeJ1Zp

09/03/2025

We offer business tax services, including strategy, compliance and return preparation. From quarterly filings to year-end planning, we help minimize liabilities and maximize tax breaks — so you can stay focused on growing your business. Whether you’re a sole proprietor, C corporation, S corporation, partnership or LLC, let us simplify taxes for you. Contact us at (918) 205-1350.