Bordones CPA, PLLC

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North Port, FL
Bordones CPA, PLLC

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North Port, FL based CPA offering remote accounting services. We specialize in bookkeeping, payroll, taxes, & more.

Get the expert support you need without ever leaving your space. Book your free consultation on our website: bordonescpa.com
Member: AICPA

10/29/2026

Planning is easier when someone asks the right questions early. Here are five we like to ask every client before December 31:

1. How is this year's income different from last year? A big change either way can affect your tax bracket and your estimated payments.
2. Are big purchases or sales coming before year-end? The timing of equipment purchases or asset sales can matter for your return.
3. Are your estimated payments on track? There's still time to adjust before January 15.
4. Is there room left for retirement contributions? Some accounts have year-end deadlines and some don't, so it helps to know which applies to you.
5. What changes in 2027? Hiring, forming a new entity, moving states or a family change can all affect your planning.

None of these needs a perfect answer. They just need to come up while there's still time to act.

Which of these would you most like to talk through?

Call us at 941-949-5827 for a free consultation.

This post is for general information only and is not tax or legal advice for your situation.

10/28/2026

Three newer federal deductions will show up again when you file your 2026 return early next year. Here's a plain-English overview.

Tips: Workers in jobs on the IRS list of occupations that customarily receive tips may deduct up to $25,000 of qualified tips. The tips must be reported, for example on a W-2 or 1099.

Overtime: You may deduct up to $12,500 ($25,000 on a joint return) of qualified overtime. It's only the extra part of overtime pay, like the "half" in time-and-a-half, for overtime required under federal law.

Age 65 and over: If you're 65 by the end of the year, you may deduct up to $6,000 ($12,000 if both spouses qualify). It's on top of the extra standard deduction seniors already get.

Good to know:
• All three apply for tax years 2025 through 2028.
• Each one phases out at higher incomes: above $150,000 ($300,000 joint) for tips and overtime, and above $75,000 ($150,000 joint) for the senior deduction.
• You need a valid Social Security number, and married couples must file jointly.
• They reduce federal income tax only. Social Security and Medicare taxes generally still apply to tips and overtime.

Did you claim any of these on your 2025 return?

Book a free consultation at bordonescpa.com and choose "Taxes."

This post is for general information only and is not tax or legal advice for your situation.

10/27/2026

"Can you clean up my books?" is one of the most common questions we hear before tax season. Here's what that clean-up usually covers.

1. Reconcile every account. We match your books to each bank, credit card and loan statement through December 31. If something doesn't match, a transaction is missing or recorded twice.

2. Clean up the categories. "Uncategorized" and "ask my accountant" get sorted, personal spending gets separated from business, and larger purchases like equipment get recorded correctly.

3. Check what you owe and what you're owed. Unpaid invoices, unpaid bills and loan balances get confirmed, and payroll in your books is compared with your payroll reports.

4. Get ready for January forms. That means a W-9 for every contractor, a total paid to each one, receipts for large purchases, and an inventory count if you sell products.

Clear year-end books can make tax prep, loan applications and planning for next year simpler.

Which part feels hardest to you: the reconciling, the categories, or the paperwork?

Book a free consultation at bordonescpa.com and choose "Bookkeeping."

10/26/2026

If you're self-employed, January 15 sneaks up fast.

That's when your fourth and last estimated tax payment for 2026 is due. It covers the income you earn from September 1 through December 31, 2026. In general, you need to make estimated payments if you expect to owe $1,000 or more when you file.

Here's a simple way to plan it this week:
1. Estimate your 2026 profit, including what you expect to earn through December.
2. Add up the estimated payments you've already made this year.
3. Check your safe harbor. Many people avoid an underpayment penalty by paying at least 90% of this year's tax or 100% of last year's tax, whichever is smaller. Some higher-income filers need to pay 110% of last year's tax.
4. Set money aside each month so January isn't a surprise.

Do you set aside a percentage of every payment you receive, or figure it out each quarter?

Book a free consultation at bordonescpa.com and choose "Tax planning."

This post is for general information only and is not tax or legal advice for your situation.

10/22/2026

Myth: "If I didn't get a 1099, that income isn't taxable."

We hear this one a lot, especially from freelancers and people with a side business. Here's the fact.

Income is generally reportable whether or not you receive a form. The IRS says to report all income, including income paid in cash, by check, through apps, or for part-time and side work, even when no 1099 shows up.

A 1099 is just a record of a payment that a business or platform sends to you and to the IRS. It isn't what makes income taxable.

Why this matters more this year: for payments made in 2026, the 1099-NEC limit is $2,000, up from $600. Many people will receive fewer forms, so their own records become the main source of truth.

A simple habit that helps:
• Log income as it comes in
• Keep the invoices, deposit records or app statements behind it
• Compare your totals to any 1099s you do receive

What do you use to track your income right now: an app, a spreadsheet, or your bank statements?

Book a free consultation at bordonescpa.com and choose "Taxes."

This post is for general information only and is not tax or legal advice for your situation.

10/21/2026

If you sell online or get paid through a payment app, you may have heard a lot of different numbers for Form 1099-K over the last few years. Here's where things stand now.

Under the One, Big, Beautiful Bill, payment apps and online marketplaces generally have to file a Form 1099-K for you only when both of these are true for the year:
• You received more than $20,000 in payments for goods or services, and
• You had more than 200 transactions.

Three things worth knowing:

1. You might still get one. A platform can send a 1099-K even if you're under those limits, and some states have lower limits of their own.

2. No form doesn't mean no income. The IRS is clear that the 1099-K threshold doesn't change whether payments are taxable. Sales income still needs to be reported.

3. Personal payments aren't business income. Gifts, or a roommate paying you back for their share of rent, shouldn't be reported on a 1099-K and aren't taxable income. When an app lets you mark a payment as personal, it's worth doing.

Have you ever received a 1099-K you didn't expect?

Questions about a 1099-K? Call us at 941-949-5827.

This post is for general information only and is not tax or legal advice for your situation.

10/20/2026

When you pay a contractor, where does their information live? In your accounting software, an old email, or a folder somewhere?

1099 forms for 2026 payments are due February 1, 2027. The forms themselves are quick. What takes time is finding the information behind them. A few minutes on your vendor list this fall can save a lot of searching in January.

A simple 4-step checklist:

1. One record per contractor. Their legal name, address and tax ID, taken from the Form W-9 they gave you.

2. Every payment tagged. Each payment linked to the right vendor, not lumped into "miscellaneous" or "contract labor."

3. How they were paid. Checks and bank transfers are treated differently from card and payment-app payments, which are generally reported on a different form (1099-K) by the payment company.

4. A year-to-date report by vendor. Totals for each contractor, so anyone at $2,000 or more for 2026 stands out.

Which step would take you the longest right now?

Tiffany, our Senior Accountant, is a Certified QuickBooks ProAdvisor. Book a free consultation at bordonescpa.com and choose "Bookkeeping."

This post is for general information only and is not tax or legal advice for your situation.

10/19/2026

Do you pay freelancers or independent contractors? The 1099 rules changed for 2026.

Here's the short version.

What changed: For payments made in 2026, you generally file Form 1099-NEC for a non-employee once you've paid them $2,000 or more for services during the year. For 2025 payments, the limit was $600. Starting in 2027, the $2,000 amount can be adjusted for inflation.

What didn't change: The form still goes to both the IRS and the contractor. Because January 31, 2027 is a Sunday, the due date for 2026 payments is Monday, February 1, 2027. And payments you make by credit card, debit card or through a payment network are generally reported by the payment company on Form 1099-K, not by you.

What to do now:
1. Ask each contractor for a Form W-9 (name, address and tax ID).
2. Total what you've paid each one so far in 2026.
3. Set card and payment-app payments aside.
4. Flag anyone likely to reach $2,000 by December 31.

Some other payments, like royalties, still have different limits, so it's worth checking your whole list.

Do you collect W-9s before the first payment, or at the end of the year?

Book a free consultation at bordonescpa.com and choose "Taxes."

This post is for general information only and is not tax or legal advice for your situation.

10/16/2026

¿Recibió una carta del IRS? Primero, respire. Vamos paso a paso.

1. Léala con calma. Busque el número del aviso, que empieza con CP o LTR, en la parte superior derecha. Guarde la carta con sus documentos.
2. Confirme que es real. El IRS normalmente hace el primer contacto por correo postal. Puede buscar el número del aviso en IRS.gov o revisar su cuenta en línea del IRS. No haga clic en enlaces de mensajes inesperados.
3. Responda a tiempo. Si la carta pide una respuesta, actúe antes de la fecha indicada. Si no está de acuerdo, siga las instrucciones de la carta y guarde copias de todo lo que envíe.

¿Alguna vez recibió una carta del IRS que no entendía?

Agende su consulta gratis en bordonescpa.com y elija "IRS notice." Hablamos español.

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Got a letter from the IRS? Take a breath. 1) Read it calmly and find the notice number (CP or LTR) at the top right. 2) Confirm it's real: the IRS normally makes first contact by mail, and you can look up the notice on IRS.gov. 3) Respond by the date on the letter. If you disagree, follow its instructions and keep copies.

Book a free consultation at bordonescpa.com and choose "IRS notice."

Esta publicación es solo información general y no es asesoría fiscal ni legal para su situación. This post is for general information only and is not tax or legal advice for your situation.

10/15/2026

Myth: "If I form an LLC, I'll automatically pay less tax."

This is one of the most common things we hear from new business owners, so let's clear it up.

An LLC is a business structure created under state law. For federal income tax, the IRS treats it like this by default:
• One owner: taxed like a sole proprietorship (the income goes on your personal return)
• Two or more owners: taxed like a partnership

So on its own, forming an LLC usually doesn't change how much income tax you owe. A different tax treatment comes from an election, for example choosing to be taxed as a corporation (Form 8832) or an S corporation (Form 2553). Whether an election makes sense depends on your income, your plans and your situation.

There can be good reasons to form an LLC. Just make the decision with the full picture.

Did you form an LLC expecting a tax break? Tell us in the comments.

Starting or restructuring a business? Call us at 941-949-5827.

P.S. Today, Oct 15, is the deadline for extended 2025 individual returns.

This post is for general information only and is not tax or legal advice for your situation.

Address

North Port, FL
34286

Telephone

+17708938533

Website

http://BordonesCPA.com/

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