Elite Bookkeeping and Accounting LLC

02/17/2026

🎉WE FINALLY HAVE A PHONE NUMBER 🎉270-665-9366

Walk-in hours are from 9:00am - 1:30PM

I will be available by appointment only from 3:00pm - 5:00pm

01/13/2026

Let the fun begin!

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL

01/13/2026

🚗 NEW FOR 2025 TAXES: Auto Loan Interest Deduction

Did you know that starting in 2025, individuals may be able to deduct car loan interest on their personal vehicle? This is a brand-new federal tax break, and it could mean real savings for taxpayers 👇

✅ Who may qualify?
• You purchased a NEW vehicle (not used)
• The vehicle is for personal use (not business)
• The loan was taken out after 12/31/2024
• The vehicle was assembled in the U.S.
• The loan is secured by the vehicle

💰 What’s deductible?
• Up to $10,000 per year in auto loan interest
• Available even if you take the standard deduction (above-the-line!)

⚠️ Income limits apply
• Deduction begins to phase out at higher income levels
• Fully phased out for higher earners

❌ Does NOT apply to:
• Used vehicles
• Leases
• Business vehicles
• Vehicles not assembled in the U.S.

📅 This deduction is currently available for tax years 2025–2028 unless extended.

💡 Planning tip: If you’re considering buying a new car, timing and vehicle eligibility could make a difference at tax time.

01/08/2026

📅 End of Month Reminder for Business Owners!
January’s almost over — and so are some important deadlines.
A few things you should be wrapping up by January 31:

✔️ W-2s must be sent to employees
✔️ 1099-NEC / 1099-MISC must be filed and sent to contractors
✔️ Quarterly payroll reports (if applicable)
✔️ Reconcile December bank & credit card statements
✔️ Update your books for year-end

Missing these can lead to penalties, IRS notices, and unnecessary stress 😬

If you’re feeling behind — you’re not alone, and help is available.
Let’s get you compliant and organized for the year ahead. 💼✨

📩 Message me if you’d like support with your year-end closeout or ongoing bookkeeping.

11/14/2023

In light of the recent changes lately, I wanted to keep everyone updated. Previously there was talk (and I'm sure you all saw the for sale sign) about selling my building and moving. Although that's partially true, I am happy to announce that I am no longer selling my building and we will continue to provide services to any new and/or existing clients.

I am grateful for all of the love, support and patience I have received from everyone over the last few months during this transition and while I've tried to figure everything out.

Please note our new office hours below. Should you need to drop documents off or need an appointment after hours there are exceptions so please call ahead of time and schedule that with us so we can assure someone will be available to assist you.

07/24/2023

Please be aware that our office will be closed July 24 - July 28 due to a family emergency. We will return back to office on July 31. We will continue our bookkeeping services remotely for our clients, but will not be Available for phone calls or in person appointments. If you need immediate assistance please feel free to reach out to me here or on my personal cell phone.

06/28/2023

Business Travel Expense Deductions – Did You Know?

If you have business income, including earnings from self-employment activities like freelance, independent contract or gig economy work, you may be able to deduct business travel expenses on your tax return. In general, the expenses must relate to travel by you or one of your employees for business (not personal) purposes. The expenses also cannot be extravagant; they should be ordinary and necessary for your trade or business.

Potentially deductible expenses may include:
- Air, train or bus fare, or costs associated with traveling by personal or company car
- Fares (including tips) for taxi or rideshare services between an airport or train station and a hotel, or between a hotel and a work location
- Shipping costs for baggage, display materials or product samples
- Expenses (including tips) for lodging, meals, dry cleaning or laundry services
- Communication costs, such as business mobile phone service roaming charges

The IRS requires business travelers to maintain detailed records of all deductible expenses. A business tax professional can help you identify and document your eligible business travel expenses, so that you can claim your full deduction while staying within the rules.

06/21/2023

Summer Income Tax Reminder - Did You Know? (2/2)

Americans of all ages with summer income from self-employment may need to pay estimated tax on a quarterly basis in order to avoid IRS penalties. Alternatively, if you have self-employment earnings but also work as an employee, the IRS Withholding Estimator tool (link below) can help you determine the correct withholding amount to cover your income and self-employment tax responsibilities.

You may also qualify to reduce your tax by deducting business expenses. A tax professional can help you comply with record keeping requirements, and fully prepare for any tax implications of your summer endeavors.

IRS Withholding Estimator: https://www.irs.gov/individuals/tax-withholding-estimator

06/12/2023

Summer Income Tax Reminder - Did You Know? (1/2)

Students and other people who earn summer income, including gig economy and other self-employment income, should prepare now for potential federal tax obligations.

They may normally have taxes withheld from their paychecks by their employer after filling out a Form W-4. However, if the job is regarded as self-employment, like baby-sitting or lawn care can be, they should keep good records of all expenses to help maximize potential deductions.

In the case of lawn care, potential deductible expenses may include business cards, fliers, fuel, equipment rentals, chemicals, work mileage, etc.

In addition, minors and young adults with self-employment earnings (including gig economy income) of at least $400 must file a federal tax return and may owe self-employment tax in addition to federal income tax. A tax professional can help advise on potential deductible expenses and required tax filings.

06/07/2023

Overseas Tax Filing & Quarterly Installment Deadlines - Reminder

If you are a U.S Citizen or Green Card Holder living abroad and have not filed your taxes yet, the deadline is coming up on June 15th, 2023.

If you are making quarterly estimated tax payments to the IRS, the due date for the April 1 – May 31 quarter of year is also June 15th.

For payments made using IRS Direct Pay, you can make payments until 11:45PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

05/31/2023

Business Accessibility Tax Credits – Did You Know?

The IRS offers a variety of tax benefits for businesses that improve accessibility for people with disabilities and/or hire workers with disabilities. Small businesses with 30 or fewer full-time employees and annual revenues of $1 million or less may qualify to claim the Disabled Access Credit. The maximum credit amount is 50% of the cost of access improvements such as ramps, automatic doors and interpretive services like braille signage or audio interfaces.

Businesses of all sizes may also qualify for the Barrier Removal Tax Deduction. This program enables businesses to deduct up to $15,000 a year for eligible expenses to remove barriers that make it difficult for people with disabilities and the elderly to move around facilities. Ordinarily, businesses must depreciate such construction costs over a number of years.

In addition, businesses that hire veterans, workers with disabilities or other people who traditionally face obstacles to employment may qualify for the Work Opportunity Tax Credit. This credit may amount to as much as 40% of a qualifying employee's first-year wages.

A business tax professional can help you develop a strategy to take advantage of all the tax benefits available for boosting the accessibility of your business.