Craig L. Elggren CPA PC

06/17/2026

The Craig L Elggren, CPA PC Guide to Minimizing Credit Card Processing Fees For Small Business Owners

Credit card processing fees for small businesses are more flexible than you think. Learn how to protect your profit margins and avoid IRS audit traps.

06/17/2026

𝙄𝙨 𝙢𝙮 𝙨𝙩𝙪𝙙𝙚𝙣𝙩 𝙡𝙤𝙖𝙣 𝙛𝙤𝙧𝙜𝙞𝙫𝙚𝙣𝙚𝙨𝙨 𝙩𝙖𝙭𝙖𝙗𝙡𝙚 𝙩𝙝𝙞𝙨 𝙮𝙚𝙖𝙧?

For loans forgiven in 2026, the answer depends on which forgiveness program your discharge came from.

Some forgiveness is still tax-free at the federal level, including:
• Public Service Loan Forgiveness
• Teacher Loan Forgiveness
• Death discharge
• Many total and permanent disability discharges

But if your forgiveness comes through a long-term Income-Driven Repayment plan, you may need to plan for a federal tax bill.

If your loans are being forgiven this year, don’t wait until tax time to check your paperwork.

DM us to schedule a time to review your forgiveness program, discharge date, and what it could mean for your return.

06/16/2026

The economy added 172,000 jobs in May.

So why does hiring still feel so hard for your business?

The report looked strong overall, but growth wasn’t spread evenly across every industry.

If you’re struggling to find employees, it might be time to look at the team you already have:

• Who could grow with a little training?
• What tasks could be shared differently?
• What tools could take pressure off the team?

When hiring feels stuck, start inside your own business.

https://www.hr-brew.com/stories/may-job-growth-uneven-labor-market?mbcid=46039271.4093642&mblid=2a8ee9dc8a40&mid=07b33c9f5339a15bd3763206a28228ec&utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew

06/15/2026

𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙙𝙤 𝙞𝙛 𝙢𝙮 𝙣𝙤𝙣𝙥𝙧𝙤𝙛𝙞𝙩’𝙨 𝙧𝙚𝙘𝙤𝙧𝙙𝙨 𝙙𝙤𝙣’𝙩 𝙢𝙖𝙩𝙘𝙝 𝙬𝙝𝙖𝙩 𝙬𝙚 𝙧𝙚𝙥𝙤𝙧𝙩𝙚𝙙 𝙤𝙣 𝙁𝙤𝙧𝙢 990?

Start by reviewing why there is a difference between your records and what was reported on Form 990.

Is it a revenue issue? Were expenses not recorded accurately (or missed)? Were there donor restrictions or board approvals involved? Was unrelated business income overlooked?

When you see a discrepancy, take time to compare the return against your:
• Financial records
• Board minutes
• Donor restrictions
• Program activity
• Unrelated business income records

If something doesn’t match, we can help you review the issue, document what happened, and decide what needs to be corrected. DM us to schedule an appointment.

06/12/2026

𝘾𝙤𝙪𝙡𝙙 𝙖 𝙡𝙖𝙩𝙚 𝙁𝙤𝙧𝙢 990 𝙥𝙪𝙩 𝙢𝙮 𝙣𝙤𝙣𝙥𝙧𝙤𝙛𝙞𝙩 𝙖𝙩 𝙧𝙞𝙨𝙠?

Yes, if a nonprofit misses 3 Form 990 filings in a row, its tax-exempt status is automatically revoked. And even before it gets to that point, late or missing filings can raise questions with the IRS.

Make sure you're...
• Tracking donated dollars
• Using restricted funds as promised
• Reporting activities accurately
• Keeping nonprofit money separate from private benefit

And if your Form 990 is filed, review it against your records while the details are still fresh. (Or let us handle it for you.)

06/12/2026

How Does The Employer Credit For Family and Medical Leave Work for Phoenix Metro Small Businesses?

Lower your 2026 taxes with the employer credit for family and medical leave. See how you can claim it using your wages or insurance premiums.

06/11/2026

𝙒𝙝𝙖𝙩 𝙙𝙤 𝙄 𝙖𝙘𝙩𝙪𝙖𝙡𝙡𝙮 𝙣𝙚𝙚𝙙 𝙩𝙤 𝙛𝙞𝙜𝙪𝙧𝙚 𝙤𝙪𝙩 𝙗𝙚𝙛𝙤𝙧𝙚 𝙄 𝙨𝙩𝙖𝙧𝙩 𝙖 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨?

A new idea doesn’t have to be perfect before you try it. But it does need to answer:
1. Who is this for?
2. What problem does it solve?
3. What would someone actually pay for?
4. What’s the smallest way to try it?

A business is an opportunity to fill a need, so making sure you're clear on what need is being filled and how to actually charge for it is your basis for everything.

06/10/2026

𝘾𝙖𝙣 𝙢𝙮 𝙥𝙖𝙞𝙙 𝙡𝙚𝙖𝙫𝙚 𝙥𝙤𝙡𝙞𝙘𝙮 𝙡𝙤𝙬𝙚𝙧 𝙢𝙮 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨’𝙨 𝙩𝙖𝙭 𝙗𝙞𝙡𝙡?

The employer credit for family and medical leave can range from 12.5% to 25% of the wages you pay while an employee is on leave.

But before the credit applies, the policy has to meet specific regulations.

To see if your business qualifies, we’d need to review your leave plan, including:
• Who on your team qualifies based on compensation and hours
• Whether your written policy covers the right employees
• How your leave is funded
• Where your employees are physically located
• Whether your business can actually use the credit this year

Want to know whether your policy may qualify? Comment “LEAVE” and let’s look at the tax side before you try to claim the credit.

06/09/2026

Entrepreneurship is a big thing in our economy right now, especially with the major influx of content creators over the past few years.

But being an entrepreneur doesn't mean you need to wait for a big “aha” moment to start a successful business.

Sometimes a business idea simply comes from paying attention, asking better questions, and finding a need to fill.

Want help processing your business idea? Let's talk it out in the comments.

https://www.inc.com/yuvaltal/you-dont-need-a-eureka-moment-to-start-a-company/91285000

06/08/2026

𝙄𝙛 𝙄'𝙢 𝙗𝙚𝙝𝙞𝙣𝙙 𝙤𝙣 𝙥𝙖𝙮𝙞𝙣𝙜 𝙩𝙖𝙭𝙚𝙨, 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙛𝙤𝙘𝙪𝙨 𝙤𝙣 𝙥𝙖𝙮𝙞𝙣𝙜 𝙢𝙮 𝙥𝙧𝙚𝙫𝙞𝙤𝙪𝙨 𝙮𝙚𝙖𝙧'𝙨 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙛𝙞𝙧𝙨𝙩?

If every available dollar in your business is going toward a previous year's tax balance, but it makes you struggle to pay this year’s estimated payments, your debt will snowball.

And getting behind like that will make it harder to get approved for a payment plan or keep the one you already have. The IRS really likes you to stay on top of current requirements while also taking care of past due ones.

So, before you put all of your emphasis on tackling old balances, figure out what you need to set aside for the current year first.

Look at:
• Profit/income from the current year
• Federal tax you've already paid
• Estimated payments you've already made
• State estimated tax requirements
• An estimate of income you expect for the rest of the year

Those details will help you get a clearer picture of where your current obligation sits, so that you can know what amount and payment plan makes sense for the previous year's debt.

That can be overwhelming, so if you'd like some professional guidance (or handling), DM us to start that conversation.