Carmines, Robbins & Company, PLC

Carmines, Robbins & Company, PLC A Modern CPA Firm— Serving Entrepreneurs. While our services are comprehensive in scope, they don’t have to be complicated.

We’re pretty good at breaking down complex issues into terms that make sense to you. Our objective is simple—help your business improve its profits and help you keep more of what you earn. We use the latest technology to operate in the most efficient, cost-effective manner possible. In turn, we’re able to offer you a high level of expertise at an affordable price. Consider our full line of professional services:

Bookkeeping & Payroll
Tax Preparation & Planning
Business Consulting

Updated hours for the Summer—Now until August 14th! ⏰
05/11/2026

Updated hours for the Summer—

Now until August 14th! ⏰

After you’ve filed your 2025 tax return, what’s next? Here are a few to-dos: 📋1) Check your refund status by going to ir...
04/16/2026

After you’ve filed your 2025 tax return, what’s next?

Here are a few to-dos: 📋

1) Check your refund status by going to irs.gov and either logging into your IRS account or using the refund tracker.
2) If you forgot to report some deductible 2025 expenses (or anything else), file an amended tax return to claim those deductions and potentially increase your refund.
3) Store your return and supporting documents in a secure place where you’ll easily be able to find them if needed.
4) Turn your tax focus to 2026 planning. We can help project your income, deductions and credits for the year and propose strategies you can implement in the coming months to reduce your taxes!

Growing small businesses may trigger the ACA’s play-or-pay provisions. These rules apply to applicable large employers (...
04/13/2026

Growing small businesses may trigger the ACA’s play-or-pay provisions. These rules apply to applicable large employers (ALEs), which are those with 50 or more full-time employees, including full-time equivalents (FTEs)! ⬇️

ALEs must offer full-time employees and their dependents minimum essential coverage that’s affordable and provides certain minimum value. For 2026, the penalties for noncompliance generally are 1) $3,340 per full-time employee, excluding the first 30, for not offering coverage, and 2) $5,010 per full-time employee who receives a premium tax credit, for offering coverage that doesn’t meet the affordability and minimum value requirements.

Contact us to discuss your obligations!

Some businesses may claim tax deductions for animals that perform a legitimate business function. Guard dogs that protec...
03/20/2026

Some businesses may claim tax deductions for animals that perform a legitimate business function.

Guard dogs that protect property or cats that control rodents in warehouses are common examples of “working animals.” If an animal provides a clear and direct business benefit, certain expenses (such as food, veterinary care, training and supplies) may qualify as ordinary and necessary business expense deductions. However, the IRS draws a clear line between bona fide working animals and household pets. 🐶

If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer r...
03/02/2026

If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes! 💸

An advance payment is one received by a business before it provides whatever is being paid for. Examples of advance payments that may be eligible for this favorable tax treatment include payments for services, the sale of goods, gift cards, the use of intellectual property, the sale or use of computer software, warranty contracts and subscriptions. But complicated rules apply.

Contact us for help determining if your business is eligible to defer 2025 advance payments!

A new year brings many new tax-related figures for businesses! 🖨️While bonus depreciation remains at 100%, the Sec. 179 ...
02/18/2026

A new year brings many new tax-related figures for businesses! 🖨️

While bonus depreciation remains at 100%, the Sec. 179 expensing limit increases to $2.56 million for 2026, with the phaseout threshold at $4.09 million. The income ranges over which the Sec. 199A qualified business income deduction limitations phase in also increase.

For 2026, they’re generally $201,750 – $276,750, double those amounts for married couples filing jointly. But under tax legislation signed into law in 2025, the threshold for the excess business loss limitation drops significantly for 2026, to $256,000 (double that amount for joint filers).

We can help you factor these changes and others into your 2026 tax planning!

If you own a business or are self-employed and haven’t set up a tax-advantaged retirement plan, it’s not too late to est...
02/10/2026

If you own a business or are self-employed and haven’t set up a tax-advantaged retirement plan, it’s not too late to establish one and contribute for 2025!

You can set up a Simplified Employee Pension (SEP) and make 2025 contributions as late as the due date (including extensions) of your business’s income tax return, either March 16, 2026 (Sept. 15 if extended) or April 15, 2026 (Oct. 15 if extended), depending on entity type. SEPs are easy to set up, and contribution limits are generous, potentially providing a large deduction. If you have employees, you’ll generally have to include them and make contributions to SEP-IRAs on their behalf, which are also deductible.

Contact us to learn more!

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal incom...
02/05/2026

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns! 📥

These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations.

If your pass-through entity uses the calendar year for tax purposes, as most do, the filing deadline for the 2025 tax year is March 16, 2026 (because March 15 is on a Sunday). The deadline can be extended to Sept. 15, 2026, by filing for an extension by March 16. If you do that, you (and any other owners) will also likely need to file an extension to Oct. 15, 2026, for your individual return!

Be sure you’re following us for more tax season updates!

The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. If you’re one of the ...
12/19/2025

The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. If you’re one of the entrepreneurs, you may not know that many expenses incurred by start-ups can’t currently be deducted on your tax return.

Some likely must be amortized over time. You may be able to deduct up to $5,000 currently, but the deduction is reduced by the amount your total start-up costs exceed $50,000. You can also deduct up to $5,000 of the organizational costs of creating a corporation or partnership. Other rules and requirements apply!

Visit to learn more:
www.carminesrobbins.com 🌐

If you’re claiming business expense deductions for meals, a home office, vehicles and other items, the IRS may closely r...
12/02/2025

If you’re claiming business expense deductions for meals, a home office, vehicles and other items, the IRS may closely review them! 📝

It’s important to comply with the strict tax law substantiation requirements for these expenses.

Keep these guidelines in mind—

DO keep detailed, accurate records. For each meal expense, record the amount, date, place, business purpose, and business relationship of anyone you dine with.

If you reimburse employees for expenses, DO ensure they’re complying with all the rules.

DON’T reconstruct expense logs at year end or wait until you receive an IRS notice.

Take time to record the details in a log or diary or on a receipt at the time of the event or soon after!

Visit to learn more:
www.carminesrobbins.com 🌐

Address

11815 Rock Landing Drive
Newport News, VA
23606

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

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