Valhalla Tax Services LLP

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Valhalla Tax Services LLP We specialize in Tax Planning, Tax Preparation, Tax Resolution, and Financial Planning

Tax Mistake I See Too Often: Waiting Until December to Fix WithholdingBy late October, many taxpayers already have a goo...
10/21/2026

Tax Mistake I See Too Often: Waiting Until December to Fix Withholding

By late October, many taxpayers already have a good idea whether their 2026 income will be higher than expected.

Maybe you:
- changed jobs;
- received larger bonuses or commissions;
- worked more overtime;
- earned more business income;
- took retirement distributions; or
- realized investment gains.

If withholding or estimated payments haven’t kept up, waiting until December can leave very little time to correct the problem.

The good news is that there may still be options! Depending on your situation, there may still be time to review:
- federal and Arizona withholding;
- estimated tax payments;
- retirement contributions; and
- other year-end tax-planning opportunities.

The lesson: Don’t wait for your tax return to reveal that you were underpaid all year.

October is a much better time to find out, and you may still have time to do something about it! If you’re unsure whether your 2026 tax payments are on track, comment REVIEW below.

Scott Kunz
Valhalla Tax & Finance LLC

Buying Something Just Because It’s a “Write-Off”As year-end approaches, business owners often hear, “Buy it before Decem...
10/19/2026

Buying Something Just Because It’s a “Write-Off”

As year-end approaches, business owners often hear, “Buy it before December 31 so you can write it off.” Sometimes that makes sense. Sometimes it creates an unnecessary expense.

A deduction does not reimburse the purchase. If your business spends $50,000 on equipment it doesn’t need, you may reduce taxable income, but you still spent $50,000.

Before making a year-end purchase, ask:
• Does the business actually need it?
• Will it improve revenue, productivity, or profitability?
• How will it affect cash flow?
• What deduction is actually available?
• Would buying it next year make more sense?

Don’t spend $1 solely to save a fraction in taxes. Make the business decision first. Then determine the most beneficial tax treatment.

Considering a major business purchase before year-end? Comment PURCHASE below.

Scott Kunz
Valhalla Tax & Finance LLC

October 15th Is the Deadline. But Your Tax Work Shouldn’t End Today.For many taxpayers who requested an extension, today...
10/15/2026

October 15th Is the Deadline. But Your Tax Work Shouldn’t End Today.

For many taxpayers who requested an extension, today is the deadline to file their 2025 federal income tax return. Once the return is completed, however, there is another question worth asking: What does the return reveal that may still need attention in 2026?

A completed return can uncover patterns and planning opportunities:
• A large balance due may mean withholding or estimated payments need adjustment.
• Strong Schedule C income may warrant a closer look at entity structure or retirement-plan options.
• Large traditional IRA balances may create Roth-conversion or future RMD-planning opportunities.
• Significant capital gains may make year-end gain-and-loss planning worthwhile.
• Business owners may still have time to review payroll, retirement contributions, reimbursements, and legitimate year-end purchases.

Finishing the 2025 return satisfies an important filing requirement. It may also provide the information needed to make better decisions before December 31.

If your return revealed a concern, or you want to determine whether action is still available for 2026, comment the word REVIEW.

Scott Kunz
Valhalla Tax & Finance LLC

S-Corp Owners: Don’t Wait Until December to Review Your Salary!If you own an S-Corporation, October is a good time to re...
10/12/2026

S-Corp Owners: Don’t Wait Until December to Review Your Salary!

If you own an S-Corporation, October is a good time to review your 2026 numbers. One issue I see misunderstood far too often is reasonable compensation.

Reasonable compensation depends on the facts, including:
• The work you perform
• Your responsibilities and experience
• The time devoted to the business
• What comparable work commands in your market
• How much of the company’s income results from your personal services

Why review this now?

If the business had a much better year than expected but owner payroll hasn’t changed, waiting until the final week of December can create an unnecessary scramble.

An October review provides time to evaluate:
• Year-to-date business profit and owner wages
• Distributions already taken
• Remaining payroll for the year
• Retirement-plan contribution opportunities
• Federal and Arizona withholding
• Legitimate year-end deductions and reimbursements

An S-Corporation shouldn’t use the same salary every year merely because that was last year’s number. Compensation should continue to make sense for the business and the owner’s actual work.

If your business income increased significantly in 2026, comment the word SALARY to discuss an S-Corporation year-end review.

Scott Kunz
Valhalla Tax & Finance LLC

Filed an Extension? October 15 Is a Filing Deadline, NOT a New Payment Deadline.If you filed an extension for your 2025 ...
10/07/2026

Filed an Extension? October 15 Is a Filing Deadline, NOT a New Payment Deadline.

If you filed an extension for your 2025 individual tax return, the extended filing deadline is October 15, 2026. But one detail still causes confusion: An extension gave you more time to file. It did NOT give you more time to pay. For most taxpayers, any unpaid 2025 federal tax was still due April 15. Interest and possible late-payment penalties may have continued accumulating since then.

If your extended return is not finished, don’t wait until October 15 simply because that is the deadline. Once the return is completed, ask the more important question: Why did you owe, and is the same thing happening again in 2026?

A balance due may indicate that something needs attention:
• Federal or Arizona withholding
• Quarterly estimated payments
• Increasing business or self-employment income
• Investment gains
• Retirement distributions
• Another significant financial change

Filing the return satisfies last year’s compliance requirement. Understanding why you owed may help prevent another surprise next year.

If your 2025 return still needs to be completed, or if you want to evaluate if you are on track for 2026, comment the word REVIEW below.

Scott Kunz
Valhalla Tax & Finance LLC

Arizona business owners: Before renewing your TPT license, make sure the state’s records still match your business.Arizo...
10/06/2026

Arizona business owners: Before renewing your TPT license, make sure the state’s records still match your business.

Arizona’s 2027 Transaction Privilege Tax license-renewal season is beginning. Before completing the renewal, review:

• Business locations
• Reporting jurisdictions
• Business activity codes
• Owner and officer information
• Locations or licenses that should be canceled

This matters because closing a location or discontinuing an activity does not automatically update the Arizona Department of Revenue’s records.

Licenses that are no longer needed should be properly canceled. Otherwise, renewal obligations and possible penalties may continue.

Arizona business owners: When was the last time you reviewed the information connected to your TPT license?

Business owners: If your 2026 profit finishes $50,000 higher than expected, what would you want reviewed first?🔹 Your pr...
09/03/2026

Business owners: If your 2026 profit finishes $50,000 higher than expected, what would you want reviewed first?

🔹 Your projected tax bill
🔹 Retirement contribution options
🔹 Equipment and deduction timing
🔹 Whether your business structure still fits

Vote below—I’m curious which concern is most important to business owners right now.

**You have an extra $500. Should you pay down debt, build savings, or invest it for retirement?**The best answer depends...
08/28/2026

**You have an extra $500. Should you pay down debt, build savings, or invest it for retirement?**

The best answer depends on your situation.

• High-interest debt may be costing you the most
• Limited emergency savings could leave you financially exposed
• An employer retirement match may offer an immediate opportunity

Financial progress isn’t only about saving more. It’s about directing your money toward the priority that strengthens your overall position the most.

**Earning more than expected in 2026?**Before automatically increasing your tax withholding, consider whether increasing...
08/24/2026

**Earning more than expected in 2026?**

Before automatically increasing your tax withholding, consider whether increasing your **pretax 401(k) or 403(b) contributions** could be a better strategy.

Pretax contributions may reduce current taxable income while keeping more of your money invested for retirement.

The 2026 employee contribution limit is **$24,500**, plus applicable catch-up contributions.

A tax projection can help determine whether retirement contributions, additional withholding, or a combination of both produces the best result.

Having a stronger business year than expected?If your business already needs new equipment, purchasing and placing quali...
08/17/2026

Having a stronger business year than expected?

If your business already needs new equipment, purchasing and placing qualifying property in service may create an opportunity to reduce 2026 taxable income.

Under current bonus-depreciation rules, certain qualifying assets may be eligible for a 100% first-year deduction.

The key is coordinating a necessary business investment with the year the deduction provides the greatest tax benefit.

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85308

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