Beyer CPA & Advisors

Beyer CPA & Advisors Accounting Firm

Join us for a Parks & Trails Cleanup Day! We’ll meet at Creekmore Park at 9:00am on Saturday May 30th. Bring gloves if y...
05/15/2026

Join us for a Parks & Trails Cleanup Day!

We’ll meet at Creekmore Park at 9:00am on Saturday May 30th. Bring gloves if you have them. Trash bags, water and light snacks will be provided.

Groups will disburse to a few parks and other areas where litter is more commonly found. We expect to wrap up around noon.

Door prizes will be given away to the two individuals who collect the most bags of trash!

Send us a message or comment below if you would like to help us keep Fort Smith clean!

02/12/2026

Approximate total tax savings we have uncovered for our new clients in the past two weeks is $60,000. This is directly related to mistakes made on prior returns, missed deductions, improper entity structure and rare knowledge. Each of these taxpayers were unaware of what was going on, to no fault of their own.

The tax code wasn’t written to be simple. Do you have a good tax advisor on your team?

02/08/2026

Business owners - let’s kick off the 2026 on the right foot!

Here are a few tax tips for business owners:

1. Keep business and personal transactions separated and have dedicated accounts for business use only.

2. Review your entity structure periodically, as this ties directly to when and how you are taxed. This is one of the most common areas of opportunity.

3. Review reasonable salary determination at least annually (for s corp shareholders).

4. Take advantage of growth and tax saving opportunities, such as reinvestment into equipment or other assets that offer accelerated depreciation and great return on investment, maximizing retirement contributions, funding tax-advantage investment accounts that offer tax deductions, or using a business credit card for rewards purposes, and paying off the balance before interest accrual.

5. Be proactive and plan ahead! The value of tax planning is hard to overstate.

Quick reminder:For tax years 2025 through 2028, individuals who receive qualified overtime compensation may deduct the p...
02/04/2026

Quick reminder:

For tax years 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is required by the Fair Labor Standards Act and reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.

- Maximum annual deduction is $12,500 ($25,000 for joint filers).

- Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

What we're seeing in practice is that employers pay overtime correctly but not separately identify the portion that counts as “qualified overtime” for the new deduction. The IRS has given employers a transition year for 2025, so many are skipping optional Box 14 reporting or separate overtime statements altogether.
If you received overtime pay in 2025, be sure to review your W2 and last pay stub for 2025 closely, and discuss this with your tax preparer.

Feel free to reach out with any questions you may have.

https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-individuals-who-received-tips-or-overtime-during-tax-year-2025

Address

2100b N O Street
Fort Smith, AR
72901

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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