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Madison's Accounting and Tax Services LLC

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Indianapolis, IN
Madison's Accounting and Tax Services LLC

A reliable and experienced bookkeeping and tax preparation service provider for small businesses

Madison's Accounting & Tax Service is a locally owned and operated accounting firm and tax preparation service in Cincinnati, OH that is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade combined with ability is what makes us true professionals. Above all, we are watchful of our customers' interests and make their concerns the basis of our business. We offer a variety of services such as credit repair, bookkeeping services, business coaching, accounting, and much more.

10/31/2026

ACA sign-ups open tomorrow. Georgia premiums rise up to 29%, and the IRS payback cap is gone.

The latest: Open enrollment for 2027 starts Nov. 1 in most states. KFF reported Oct. 30 that benchmark silver premiums rise 13% on average, and Yahoo Finance reported Cigna is leaving all 11 of its ACA states.

By the numbers:
- Georgia Access rates: up 11% to 29%, average near $932 a month (AJC, state data)
- 20 million of nearly 23.1 million 2026 sign-ups got subsidies (CMS, via Yahoo Finance)
- Repayment limits on excess advance credits: gone from tax year 2026 (IRS)

Who it applies to: People buying marketplace coverage. The IRS says anyone whose advance credit tops their final credit repays the entire excess.

Is your 2026 income running above what you told the marketplace?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photos: Ajay Suresh and G. Edward Johnson / Wikimedia Commons, CC BY 4.0; Gage Skidmore / Wikimedia Commons, CC BY-SA 4.0

Books a mess? Monthly bookkeeping: madisonstax.com/services

10/31/2026

The economy kept growing. Workers' slice hit 52.8%, the smallest since records began in 1947.

The latest: The Bureau of Labor Statistics reported labor's share of nonfarm business output at 52.8% for the second quarter, the lowest in a series that starts in 1947. Fortune and CNN revisited it this week; new data is scheduled for Nov. 5.

By the numbers:
- 52.8%: second quarter of 2026
- 53.6%: the quarter before
- 66.2%: the record high, late 1960

The other read: Goldman Sachs' Abhay Duggirala tied part of the drop to pass-through tax rules and depreciation. The Tax Foundation's narrower count stays within historical levels, CNN reported.

Who it applies to: workers in the U.S. nonfarm business sector, as BLS measures it.

Owners: what share of your revenue goes to pay, yours included?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photo: Famartin / Wikimedia Commons, CC BY-SA 4.0; Ajay Suresh / Wikimedia Commons, CC BY 4.0
Chart: MATS, from BLS data
Source: U.S. Bureau of Labor Statistics, Fortune, CNN

Behind on a filing or holding an IRS notice? Free back-tax review: madisonstax.com/back-taxes

10/31/2026

Uncle Sam owns about 10% of Intel. Friday shaved about $12 billion off that stake.

The latest: Intel plunged 28.6% on Friday, its worst drop since 1974, AP reported, after a weak forecast. CNBC and TechCrunch reported the sell-off cut the government's stake by about $12 billion. Both say it is still a profitable investment.

By the numbers:
- Forecast: 25 cents a share on $15 billion to $16 billion in revenue
- Analysts expected: 43 cents and $17.1 billion (LSEG, via CNBC)
- The government's price: 433.3 million shares at $20.47, or $8.9 billion (Intel, August 2025)

Who it applies to: Intel shareholders, including the U.S. government.

When the government owns a piece of a company, do you count that as your money too?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photos: Olaf2, Coolcaesar and Steve Morgan / Wikimedia Commons, CC BY-SA 4.0

Running a business in Atlanta? Book a consult: madisonstax.com/small-business

10/31/2026

Investors wanted less product and more marketing. Beyoncé wrote the check herself.

The latest: Tina Knowles, Cécred's vice chairwoman, says investors objected once they saw the largest part of the budget going to research, development and testing. Source: theGrio, Oct. 30, and Complex, Oct. 29, on her talk at Fortune's Most Powerful Women Summit.

By the numbers:
- 6 years of formula work before the February 2024 launch
- 89 beauty industry awards, per Fortune
- Most successful prestige hair care debut in Ulta Beauty's history, per Fortune

Who it applies to: Founders weighing outside money against control of the budget.

If an investor asked you to cut your biggest line item, would you still take the check?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photo: Raph_PH / Wikimedia Commons, CC BY 2.0; SWinxy / Wikimedia Commons, CC BY 4.0; Mjrmtg / Wikimedia Commons, CC BY 4.0

Go deeper: madisonstax.com/post/business-tax-guide

10/30/2026

Byron Allen paid $25 million for his Starz stake in March. He sold it for nearly $45 million.

The latest: SEC filings made Oct. 29 show Allen Family Capital sold all 1,803,786 of its Starz shares between Aug. 7 and Sept. 29. In March, Allen said he would do "whatever I need to do to control Starz." Source: SEC, AfroTech.

By the numbers:
- Paid: $13.86 a share, $25 million total
- Sold: about $24.90 a share on average, $44.9 million total
- Difference: about $19.9 million, before any costs

Who it applies to: Allen Family Capital, once Starz's second-biggest stockholder, now holds zero shares. The filings give no reason for the sale.

Would you have cashed out at nearly double, or held out for control?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photos: Coolcaesar and ajay_suresh / Wikimedia Commons, CC BY 4.0. Chart: MATS, from SEC data.

Books a mess? Monthly bookkeeping: madisonstax.com/services

10/30/2026

Tesla made billions in the U.S. in 2025. Its current federal income tax bill: $0.

The latest: 114 profitable U.S. companies paid no current federal income tax in 2025, says the Institute on Taxation and Economic Policy, a progressive think tank, as reported by Fortune on Oct. 30. Tesla's annual report lists $0.

By the numbers:
706 companies, $1.88 trillion in U.S. profits
10.4% paid in current federal income tax, against the 21% official rate
$198 billion in tax breaks for the group, per ITEP

Both sides: ITEP's Matt Gardner says rates under 21% are "knocking a hole" in corporate tax laws. Cato's Adam Michel says companies are "doing what the law intends."

Who it applies to: Fortune 1000 and S&P 500 companies that were profitable in the U.S. Tax deferred to later years is not counted.

What rate did your business actually pay last year?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Source: ITEP, Fortune, Tesla 10-K.
Photo: Tony Webster, TheWanderingTraders, 4300streetcar / Wikimedia Commons, CC BY 4.0 and CC BY-SA 4.0

Behind on a filing or holding an IRS notice? Free back-tax review: madisonstax.com/back-taxes

10/30/2026

Nearly 2 in 3 Black Americans say rising prices caused them serious financial problems.

The latest: 63% of Black Americans reported serious financial problems from price increases in a new American Communities Project survey at Michigan State University, its directors wrote in Fortune on Oct. 30.

By the numbers:
- All adults: 47%, up from 30% in 2025 and 27% in 2023
- Hispanic Americans: 65%. Ages 18-29: 61%
- SSRS surveyed 2,155 adults in September, margin of error +/- 2.4 points

Who it applies to: U.S. adults surveyed in September 2026. It measures what people report, not their income or debts.

Which bill has moved your budget most this year?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Source: American Communities Project; Fortune.
Photo: Born to Barnacle / Wikimedia Commons, CC0; John Phelan / Wikimedia Commons, CC BY 4.0; Harrison Keely / Wikimedia Commons, CC BY 4.0. Chart: MATS, from American Communities Project data.

Running a business in Atlanta? Book a consult: madisonstax.com/small-business

10/30/2026

Diesel is $6.35 a gallon. Exxon and Chevron just booked $25.3 billion in a quarter.

The latest: ExxonMobil reported $15.4 billion in third-quarter earnings and Chevron $9.9 billion on Oct. 30, according to their releases. Reuters reports both beat Wall Street estimates as higher refining margins lifted fuel-making profits, with war disrupting supply.

By the numbers:
- Chevron: $9.9 billion, up from $3.5 billion a year earlier
- Exxon: refining out-earned oil production for the first time in at least six years (Reuters)
- At the pump: regular $4.27, up $1.23 in a year; diesel $6.35, up $2.63 (EIA, Oct. 26)

Who it applies to: anyone buying fuel, and any business paying for it in delivery, freight or mileage.

What did fuel cost your business this quarter compared with last year?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photos: Infrogmation (CC BY-SA 4.0) and John Phelan (CC BY 4.0) / Wikimedia Commons

Go deeper: madisonstax.com/post/business-tax-guide

10/29/2026

Amazon spent so much on AI that $168 billion in operating cash wasn't enough.

The latest: Amazon reported third-quarter profit of $20.7 billion on Oct. 29, but its free cash flow over the past 12 months was an outflow of $42.4 billion, according to the company's earnings release. Amazon said the swing came mainly from AI-related spending on property and equipment. Shares fell after hours, Axios reported.

By the numbers:
- Q3 sales: $201.9 billion, up 12%
- Operating cash flow, 12 months: $168.3 billion
- Free cash flow: +$14.8 billion a year ago, minus $42.4 billion now
- 2026 capital spending plan: about $220 billion

Who it applies to: Amazon shareholders, and any owner who has watched profit on paper and cash in the bank tell two different stories.

Profit and cash are not the same number. When did your P&L and your bank balance last agree?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photos: Tony Webster / Wikimedia Commons, CC BY 4.0; Tedder / Wikimedia Commons, CC BY-SA 4.0
Source: Amazon Q3 2026 earnings release (SEC 8-K), Axios via Yahoo Finance

Books a mess? Monthly bookkeeping: madisonstax.com/services

10/29/2026

Spending went up 0.5%. Real after-tax income went down 0.3%. That was September.

The latest: Prices rose 3.6% in the year to September, up from 3.4% in August, the Bureau of Economic Analysis reported Thursday. Source: BEA, via AP.

By the numbers:
- 0.5%: the price rise in September alone, the biggest monthly gain since May (AP)
- 3.1%: core prices, without food and energy, over the year
- 3.8%: the personal saving rate
- About $4.25: the national average for a gallon of gas (AP)

Who it applies to: U.S. households. These are national averages from the BEA's monthly personal income report.

Is your budget keeping pace with 3.6%, or is the credit card doing the work?

General education, not tax, legal or investment advice. Rules depend on your facts. Johnny Wolfe, M.Acc.

Photo: Hkeely / Wikimedia Commons, CC BY 4.0; Tony Webster / Wikimedia Commons, CC BY-SA 4.0

Behind on a filing or holding an IRS notice? Free back-tax review: madisonstax.com/back-taxes

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Indianapolis, IN

Opening Hours

Monday	8am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm

Website

https://madisonstax.com/

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