Nelson & Associates, CPAs

06/04/2026

05/30/2026

Today we're celebrating Michelle and her 40 years in public accounting (39 of those as a CPA)!

From building lasting client relationships to guiding businesses and nonprofits through pivotal financial decisions, Michelle has been the steady, trusted presence every great firm hopes to have. Thoughtful. Dependable. Exceptional.

Her leadership shapes our firm every single day, and her impact on the clients and communities we serve is immeasurable.

Congratulations, Michelle! Here's to 40 years of excellence and all the incredible work still to come. 👏

(Fueled by good coffee and a deep love for animals. ☕🐾)

05/14/2026

Most financial habits are not learned in adulthood. They start much earlier, often shaped by small moments at home. How a child understands saving, spending, and earning can influence how they manage money for the rest of their life.

The good news is that financial literacy does not require complicated lessons. It is built through everyday experiences, consistent conversations, and opportunities to practice.

Read more on our blog: https://moncpas.com/teaching-kids-about-money-saving-spending-and-earning/

05/07/2026

Cherie DeVaux became the first female trainer to win the Kentucky Derby, achieving this historic milestone on May 2, 2026, with a 23-1 longshot named Golden Tempo. She secured the victory in the 152nd running of the race, breaking a 151-year streak of male winners. 🙌 🐎

05/04/2026

As we head into the 2026 tax year, several updates are beginning to take shape that will affect how income is taxed, how contributions are handled, and how both individuals and businesses approach planning. Some of these changes come from standard inflation adjustments, while others are tied to recent legislation.

Read more on our blog: https://moncpas.com/2026-tax-updates-key-changes-for-individuals-and-business-owners/

04/11/2026

𝗔𝗽𝗿𝗶𝗹 𝟭𝟱 𝗧𝗮𝘅 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 𝗮𝗻𝗱 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀

April 15 is a critical date for both individual and business taxpayers.

𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹 𝗧𝗮𝘅 𝗥𝗲𝘁𝘂𝗿𝗻𝘀: Your 2025 federal income tax return is due April 15.

𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: If you make quarterly estimated tax payments, whether as a self-employed individual, a business owner receiving pass-through income (S-Corporation owners, partners, sole proprietors), or someone with investment or rental income, your first quarter 2026 payment is also due April 15.

𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: Calendar-year C-Corporations have two key deadlines on April 15: your 2025 corporate tax return and your first quarter 2026 estimated tax payment are both due. Check with your tax professional to confirm your specific obligations.

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗨𝗦𝗣𝗦 𝗠𝗮𝗶𝗹𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲:
If you are mailing your return or payment, please be aware that as of December 2025, the U.S. Postal Service implemented processing changes that may result in a postmark date that is later than the date you actually drop your item in the mail. Since the IRS relies on the postmark date to determine whether a filing is timely, mailing close to the deadline now carries additional risk.

To protect yourself, consider obtaining documented proof of your mailing date through one of the following: a manual USPS postmark at the retail counter, a Certificate of Mailing, or sending via Certified Mail, Registered Mail, or another IRS-approved delivery service.

The team at Nelson and Associates is here to help. If you have questions about your filing, estimated payments, or any other tax matters, don't hesitate to reach out.

📞 Contact us at moncpas.com

04/07/2026

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐌𝐚𝐢𝐥𝐢𝐧𝐠 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫: 𝐔𝐒𝐏𝐒 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐂𝐡𝐚𝐧𝐠𝐞𝐬

Effective December 24, 2025, USPS processing changes may result in postmark dates later than the day an item is dropped in the mail.

Because tax deadlines are determined by the postmark date, mailing close to a deadline could increase the risk of a late filing.

To help reduce this risk, consider:
→ Visiting a USPS retail counter to obtain a manual postmark
→ Requesting a Certificate of Mailing
→ Using Certified Mail, Registered Mail, or other IRS-approved delivery services with tracking and proof of mailing date

When timing matters, having documentation can make all the difference.

03/30/2026

As tax laws continue to evolve, successful tax planning in 2026 is no longer about scrambling at filing time. For California individuals and small businesses, especially nonprofits and construction companies, smart planning means being proactive, organized, and strategic all year long.

Read more on our blog: https://moncpas.com/what-smart-tax-planning-looks-like-in-2026-for-california-individuals-and-small-businesses

03/20/2026

Beginning in 2026, new rules under the SECURE 2.0 Act will change how certain employees can make catch-up contributions to their retirement plans. These updates affect 401(k) and 403(b) plans and are especially important for higher-earning employees approaching retirement age.

Understanding these changes now can help you avoid reporting issues and unexpected tax consequences later.

Read more on our blog: https://moncpas.com/important-changes-in-2026-for-401k-catch-up-contributions