Baker Business and Tax Solutions

05/28/2026

Baker Business and Tax Solutions is now 4 years running as BEST Accounting Firm in Northern Kentucky!

12/19/2025

📢 Important 2025 Tax Update: “No Tax on Overtime”

The IRS has officially announced NO changes to W-2 forms or withholding tables for 2025 following the passage of the One, Big, Beautiful Bill Act (OBBB). What does that mean?

👉 The responsibility now falls on taxpayers and tax preparers to properly claim any eligible “No Tax on Overtime” deductions on the tax return.

💡 What You Need to Know:
• If you earned overtime pay in 2025, you may qualify for a deduction of up to $12,500 of your overtime wages ($25,000 if Married Filing Jointly).
• Your W-2 will NOT separately list overtime wages, so we strongly recommend bringing your final pay stub of the year to your tax appointment.
• At this time, the IRS has provided little to no guidance on what qualifies beyond the word “Overtime”, so we are assuming all overtime wages apply until further clarification is issued.

⚠️ Important Clarification:
“No Tax on Overtime” does NOT mean overtime pay is completely tax-free.
✔️ It means you may receive a taxable income deduction (up to the limits above).
✔️ Overtime wages above those limits are still taxable.

📌 Additional Details from the IRS:
• Deduction available for both itemizers and non-itemizers
• Phases out for income over $150,000 ($300,000 MFJ)
• Effective for tax years 2025–2028
• IRS states transition relief will be provided for 2025, but details are still pending

🔗 IRS guidance (or lack thereof):
IRS announces no changes to individual information returns or withholding tables for 2025 under the One, Big, Beautiful Bill Act

🔗 IRS explanation of overtime provisions:
One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors

📞 Have overtime pay? Don’t leave money on the table.
At Baker Business and Tax Solutions, we stay on top of changes so you don’t have to. Reach out with questions or schedule your tax appointment today!

12/02/2025

Happy Tuesday BBTS Friends and Family! It is Giving Tuesday so if you are looking for an AMAZING NKY local organization then please consider our friends at The Center for Great Neighborhoods of Covington! This organization is not only a client but a mission that our family business is HAPPY to stand behind!

Your gift will help The Center expand our youth programs to support Covington's teens. I believe, just like you, that every child deserves a safe, supportive space to learn, grow, and discover their potential- inside and outside the school walls- so when Eastside residents shared concerns of childre...

12/01/2025

📢 Important Update for Employers & Employees – 2025 W-2 Forms

There has been a lot of buzz surrounding the “No Tax on Tips” and “No Tax on Overtime” provisions included in the One Big Beautiful Bill. However, the IRS has not announced any changes to the 2025 W-2 form to accommodate these new items.

➡️ What this means:
Because the IRS has not yet built these provisions into the standard form, extra steps or manual adjustments may be required to report wages correctly if these rules apply to you.

➡️ A heads-up for those using “quick and easy” tax preparers:
Many basic or fast-prep services will not know how to properly handle these W-2 adjustments without very specific guidance. Incorrect reporting could lead to delays or IRS notices.

✔️ At Baker Business and Tax Solutions, we’re ready to help.
Our team is fully prepared to handle these changes and make sure your W-2s and tax filings are accurate, compliant, and optimized.

📎 Learn more about us: www.bbtsllc.com

📩 Contact us with questions or to schedule an appointment:

Email: [email protected]

Phone: 859-817-9172

We’re here to guide you through it! 💼📄

Get expert tax & accounting services tailored to your needs. Learn more! Northern Kentucky.

11/26/2025

HAPPY THANKSGIVING BBTS Family and Friends! We are closing our offices starting at 11AM today 11/26/2025 and will resume normal business hours on Monday 12/1/2025, so that we and our staff can take the opportunity to be with family and friends. If there are any urgent issues, please reach out via email to Eric Baker! Happy Holidays Friends!

09/12/2025

Good Evening Friends and Family of Baker Business and Tax Solutions! At BBTS, we value being a member of a peaceful community, country, and world. We reject violent political expression regardless of its source. It has been brought to our attention that an employee of a company with a name very similar to ours has been engaged in some hateful commentary regarding recent events. This is not the way we conduct ourselves at Baker Business and Tax Solutions. If any individual client has questions or concerns, please feel free to reach out to us.

08/12/2025

Baker Business & Tax Solutions is here to help you navigate your first year like a pro — from bookkeeping to tax preparation and everything in between.

📞 Call today to schedule your consultation and take the stress out of taxes!

Baker Business & Tax Solutions, PLLC
Your small business tax and accounting experts
📍 859-817-9172 | 🌐 www.bbtsllc.com

08/05/2025

📊 Looking for Strategic Financial Guidance Without the Full-Time CFO Price Tag?

At Baker Business and Tax Solutions, PLLC, our Fractional CFO Services give your business the financial leadership it needs—without the overhead of a full-time executive.

Whether you're a growing small business, nonprofit, or government agency, our team steps in with expert-level insight to help you:

✅ Develop and manage budgets
✅ Analyze key financial metrics
✅ Prepare for funding or financing
✅ Plan for tax efficiency and growth
✅ Make data-driven decisions that support your long-term goals

You get the expertise of a seasoned CFO, scaled to your business needs—and backed by a full-service accounting firm with a proven track record.

Let BBTS help you move from reactive to strategic financial management.

📞 Contact us today to schedule a consultation.
🌐 www.bbtsllc.com
📍 Proudly serving businesses across Northern Kentucky and beyond.

Get expert tax & accounting services tailored to your needs. Learn more! Northern Kentucky.

07/30/2025

💼 Thinking About Processing Your Own Payroll? Here’s Why You Should Think Twice.

For many small business owners, managing payroll in-house might seem like a cost-saving solution. But the risks involved in DIY payroll can far outweigh the perceived benefits.

Here’s what you could be exposing your business to:

🔸 Costly Tax Mistakes
Missing payroll tax deadlines or miscalculating withholdings can lead to severe IRS penalties and interest. The IRS issued over $6 billion in payroll tax penalties last year alone.

🔸 Compliance Issues
Labor laws change frequently. From overtime rules to wage classifications, staying compliant can be complex — and noncompliance can result in legal trouble.

🔸 Data Security Risks
Storing sensitive employee information without proper security protocols puts you at risk for data breaches, identity theft, and legal liability.

🔸 Time Drain
Payroll requires precision and attention to detail. Time spent on payroll is time taken away from running and growing your business.

🔸 Employee Dissatisfaction
Errors in paychecks, incorrect withholdings, or delayed payments can quickly damage morale and trust within your team.

Why Take the Risk?
At Baker Business & Tax Solutions, PLLC, we specialize in biweekly payroll processing for businesses of all sizes. We handle everything from tax filings to garnishments and non-tax deductions — so you don’t have to.

Let us help you protect your business and your peace of mind.

📞 Contact us today at 859-817-9172
🌐 Visit us at www.bbtsllc.com

Get expert tax & accounting services tailored to your needs. Learn more! Northern Kentucky.