Tim Thompson, CPA, PLLC

12/24/2025

Advisory services go beyond historical tax and bookkeeping work to help you plan ahead, make smarter decisions, and reach long-term financial goals. Learn what advisory is and whether it’s right for you.

Advisory services go beyond historical tax and bookkeeping work to help you plan ahead, make smarter decisions, and reach long-term financial goals.

12/23/2025

The reporting requirements for Form 1099-DA officially take effect for the 2025 tax year, with brokers sending the forms to taxpayers and the IRS in early 2026. Before this change, reporting digital asset transactions was largely dependent on self-reported data, which often led to inconsistencies and underreporting.

Form 1099-DA starts with 2025 crypto transactions. Learn who receives it, what’s reported, and how it affects your tax return.

12/22/2025

If you are considering getting a reverse mortgage, watch this video for some quick tips you should know about.

12/19/2025

A simple profitability check can reveal hidden risks and opportunities in your business. Learn how to review KPIs, prioritize problem areas, and identify top revenue generators to build a stronger, more profitable 2026.

A quick profitability check helps uncover risks, prioritize fixes, and identify top revenue drivers to strengthen your business for 2026.

12/18/2025

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, has permanently reinstated the ability for businesses to immediately deduct domestic Research and Experimental (R&E) expenditures, reversing a controversial change made by the Tax Cuts and Jobs Act (TCJA) of 2017.

Learn how the One Big Beautiful Bill Act permanently restores immediate expensing for domestic R&E costs and what it means for tax planning.

12/17/2025

As millions of Baby Boomers retire and sell businesses through 2030, a major opportunity emerges for Gen X, Millennials, and Gen Z. Learn why now matters.

12/17/2025

Start 2026 with clarity and confidence. Learn seven simple, tax-smart financial habits anyone can adopt to make the year easier — no investment advice required.

12/16/2025

The One Big Beautiful Bill Act (OBBBA) substantially expanded the options and amounts that K-12 teachers and other educators can deduct for unreimbursed expenses.

Learn about new educator tax deductions, qualified expenses, and planning strategies starting in 2026 under recent tax law changes.

12/16/2025

IRS notices can be confusing, but they don’t have to be scary. Learn what common notices mean, what to do next, and when to contact your financial professional for help.

IRS notices can be confusing but don’t have to be scary. Learn what they mean, what steps to take, and when to contact a tax professional.

12/15/2025

Social media tax tips can be misleading or incorrect. Learn why relying on online tax advice can lead to costly mistakes.

12/11/2025

Learn the tax rules, deductions, risks, and responsibilities tied to reverse mortgages, plus how they affect benefits, heirs, and long-term financial planning.

12/10/2025

Rate your bookkeeping in five quick questions. Discover where your financial systems support growth — and where small improvements could unlock real business results.

Answer 5 quick bookkeeping questions to see where your financial systems help or hurt — and find the small improvements that boost business results.