MackBooks LLC

03/04/2026

S-Corp or Partnership owner?

Your March 16 tax deadline for Forms 1120-S and 1065 is coming up. Make sure you're prepared.

02/18/2026

For business owners:

Do you currently have a retirement plan set up for yourself?

Options like SEP IRAs can sometimes reduce taxes while helping you build long-term savings.

Many owners overlook this — just something worth thinking about!

01/08/2026

📌 Reminder: 1099 Filing Deadlines

If you pay independent contractors or freelancers, here’s what you need to know:
- Form 1099-NEC: Due January 31 (paper or electronic)
- Form 1099-MISC: Due February 28 if filing on paper, or March 31 if filing electronically

💡 If the deadline falls on a weekend or federal holiday, the due date moves to the next business day.

Don’t wait until the last minute—filing late can lead to penalties! Keep your records organized and file on time.

#1099

12/08/2025

⏰ Thinking about opening a Solo 401(k) or similar retirement account for your business?

Now is the time to act! To make contributions for 2025, your account must be established by December 31.

💡 Why set it up now?
✅ Maximize your retirement contributions
✅ Reduce your taxable income for 2025
✅ Set your business on a path to long-term savings

Don’t wait until the last minute!

💬 Send me a message and I can help you get it set up properly before the deadline.

10/29/2025

Don’t miss out!📣

The NJ ANCHOR property tax relief deadline is Oct 31, 2025.

💻 Apply today at anchor.nj.gov

We're here to help local residents get the relief they deserve 😃

10/23/2025

HSA = triple tax advantage💸

2025 single limit: $4,300✅
Family limit: $8,550.

Save on taxes now and later.

10/06/2025

Big News for Seniors! 🌟

Starting in 2025, if you’re 65 or older, you’ll qualify for an extra tax deduction of $6,000, on top of the current senior standard deduction.

Here’s what that means:

- Couples where both spouses are 65+ can claim up to $12,000 extra.

- It applies whether you itemize or take the standard deduction.

- The full deduction is available for incomes up to $75,000 single / $150,000 joint.

👉 This change could make a real difference in lowering taxable income for retirees and those nearing retirement.

At MackBooks, we’re keeping a close eye on these new rules so our clients can plan ahead and maximize their savings.

💬 Have questions about how this could affect you or your family? Let’s chat.

09/29/2025

💡 Confused about tax write-offs vs. tax credits?

Stop guessing and start saving! In this quick video, I break down the key differences between deductions and credits, including:
✅ How write-offs reduce your taxable income
✅ How credits reduce your actual tax bill
✅ Refundable vs. nonrefundable credits

🎯 Question for you: Which tax credits are you taking this year? Drop your answer in the comments!

Watch here: https://www.youtube.com/watch?v=s2mzKFhLQK4

Confused about tax write-offs and tax credits? In this quick video, I break down the difference between deductions and credits, including examples and tips t...

09/17/2025

IRS Form 1099-DA is Coming! 🚨

Starting 2025, brokers will issue Form 1099-DA to report digital asset transactions. This includes cryptocurrency, NFTs, and stablecoins. You’ll receive your first forms in early 2026 for 2025 transactions.

Here’s what you need to know:
🔹 Who’s affected? Anyone selling, swapping, or disposing of digital assets through a broker.
🔹 What’s reported? Gross proceeds, transaction dates, and, starting in 2026, cost basis for covered assets.
🔹 Why it matters: This form works like a 1099-B for stocks — it helps the IRS track digital asset activity and means you need accurate records.

✅ Action steps: Keep detailed records of your purchases, dates, and wallet/exchange activity to make tax time easier.



https://www.irs.gov/instructions/i1099da

09/09/2025

Too many business owners only check their books at tax time.

But your numbers aren’t just history; they’re a roadmap for growth.

When you know where your cash is going, you can decide where your business is headed.

👉 Want help turning your numbers into insights you can actually use? Message us anytime.

09/05/2025

Smart Tax Tip: Expense Bunching for Bigger Deductions 💡

Looking to maximize your tax deductions without increasing your spending? Let’s talk about expense bunching; a strategy that can help you cross the itemization threshold and reduce your tax bill.

🔍 What is Expense Bunching?
It’s the practice of timing deductible expenses, like medical costs, charitable donations, or property taxes, so they fall within the same tax year. This can help you "bunch" enough deductions together to itemize one year, and take the standard deduction the next.

✅ Example:
- Instead of giving $5K to charity every year, consider giving $10K every other year.
- Pay January’s property tax bill in December.
- Schedule medical procedures in the same calendar year if you’ll meet the threshold.

The goal? Optimize your deductions over a multi-year period, not just annually.

This is especially useful for:
📌 Charitably inclined individuals
📌 Those with fluctuating income
📌 Taxpayers close to the standard deduction limit

As we approach year-end, it’s a great time to review where you stand and consider strategies like this.

Have you used expense bunching or helped clients implement it? I’d love to hear how it worked out!