Cannon & Brown

Cannon & Brown Behind every great business is a great accountant. Join our team today at cannon-brown.com

Grow Your Vision
Streamline your financials to take your business to the next level with our custom tailored accounting and tax solutions in the OKC Metro and beyond. My goal is to be a true partner to my clients, working with them every step of the way to help them achieve their financial goals and providing them with the knowledge and tools they need to make informed decisions about their finances.

Behind every smooth-running business are bookkeeping and payroll tasks that are handled with care. These behind-the-scen...
06/04/2026

Behind every smooth-running business are bookkeeping and payroll tasks that are handled with care. These behind-the-scenes details may not always be visible, but they play a big role in keeping everything on track.

We’re here to help business owners keep their books organized, keep payroll running smoothly, and feel confident in their numbers.

If you’re looking for help with your bookkeeping and payroll, don’t hesitate to reach out to our team.

Even though the 2026 tax season is well and truly behind us, it could be a good idea to start thinking about next year’s...
06/02/2026

Even though the 2026 tax season is well and truly behind us, it could be a good idea to start thinking about next year’s filing season. It might feel too early to start thinking about 2027’s filing season, but scheduling a mid-year tax checkup can help you stay ahead of income changes, line up your withholding, and reduce the chances of a surprise when you file.

Swipe for a few key benefits of doing a mid-year tax checkup of your personal taxes.

If you’ve had any income changes, life events, new side income, or big expenses this year, or if you simply want peace of mind, we’d be happy to schedule a short mid-year tax checkup with you. We can review where you stand, identify any adjustments worth making, and help you finish the year with a clear plan. Reach out today to get started.

It is common for bookkeeping tasks to slip while business owners are focusing on immediate operational demands. However,...
06/02/2026

It is common for bookkeeping tasks to slip while business owners are focusing on immediate operational demands. However, even small oversights can build up over time and create bigger problems down the road. So, our team wanted to share a couple of common bookkeeping mistakes we see and why they matter. Swipe for more information.

If you would like a mid-year back office review, reach out today. We are here to help you.

Important reminder: Second-quarter estimated tax payments are due on June 15th, covering income earned from April 1st th...
06/01/2026

Important reminder: Second-quarter estimated tax payments are due on June 15th, covering income earned from April 1st through May 31st.

Submitting payments on time can help you avoid interest and penalties while keeping your year-end tax expectations on track.

If you have any questions or would like to confirm your estimated payment amount, feel free to contact our office. We are happy to help.

Mid-year is the perfect time for small business owners to revisit their tax strategy — and even small adjustments can ma...
06/01/2026

Mid-year is the perfect time for small business owners to revisit their tax strategy — and even small adjustments can make a big impact at year-end. Here are a few key moves worth reviewing now:

• **Keep your books up to date** – Clean, accurate records help you spot deductions, correct errors, and plan ahead confidently.
• **Capture all eligible deductions** – Don’t let smaller recurring expenses slip through the cracks.
• **Reevaluate your QBI deduction** – Recent updates expanded access and made the 20% deduction permanent.
• **Explore tax credits** – Hiring and healthcare credits can reduce your tax bill dollar for dollar.
• **Time income and expenses wisely** – Strategic timing can smooth out taxable income across years.
• **Plan equipment purchases** – New rules allow 100% first-year depreciation starting in 2025.
• **Use retirement contributions** – Reduce taxable income while building long-term savings.
• **Review health insurance & HSA options** – Expanded HSA rules beginning in 2026 offer new opportunities.

A proactive mid-year review helps prevent surprises and puts you in control before deadlines approach.

Commercial property owners have access to powerful tax advantages — but many don’t realize how much they can save. Here ...
05/28/2026

Commercial property owners have access to powerful tax advantages — but many don’t realize how much they can save. Here are six major tax benefits that can boost cash flow and improve long‑term returns:

• **Bonus Depreciation** – Beginning in mid‑January 2025, many qualifying improvements can once again be 100% expensed in the first year. That’s immediate savings for renovations and upgrades.
• **Section 179 Deductions** – The OBBBA increased the cap to $2.5M, allowing businesses to fully expense big improvements like HVAC, roofing, alarm systems, and fire safety upgrades.
• **Interest Expense Deductions** – Interest on loans used to buy or improve commercial real estate is often deductible, easing annual tax burdens.
• **Tax Credits & Additional Deductions** – Historic renovations, energy‑efficient upgrades, and commercial property taxes can provide meaningful savings.
• **Passive Activity Loss Offsets** – Depreciation often creates passive losses that can offset other passive income, improving portfolio‑wide tax efficiency.
• **1031 Exchanges** – Reinvest gains into another property and defer capital gains tax entirely, supporting long‑term portfolio growth.

Commercial real estate offers more tax strategy opportunities than most owners realize — and the right structure can dramatically boost profitability. If you're planning a purchase, sale, or improvement project, now is the time to explore your tax options.

Tax season may be over, but smart business owners know the tax work doesn’t stop there! Take note of these key steps to ...
05/05/2026

Tax season may be over, but smart business owners know the tax work doesn’t stop there! Take note of these key steps to set your business up for success this year.

Have questions about your return or other account matters? Reach out. We’re here to help you all year long.

Are you aware of the 2026 contribution limits for tax-advantaged retirement accounts? If not, we’ve got you covered, wit...
05/01/2026

Are you aware of the 2026 contribution limits for tax-advantaged retirement accounts? If not, we’ve got you covered, with a quick look at what’s changing:

✅ 401(k), 403(b), 457, and TSP limits will increase to $24,500 (up from $23,500).
✅ Workers age 50+ can contribute an additional $8,000 (up to $32,500 total).
✅ IRA contribution limits will rise to $7,500, with a $1,100 catch-up option.
✅ “Super catch-up” contributions for ages 60-63 remain at $11,250.

Now is a good time to evaluate your current savings plan, explore your IRA options, and decide whether catch-up contributions make sense for your 2026 goals.

If you’re self-employed, it may also be worthwhile to review whether your SEP IRA or solo 401(k) plan needs an update.

Need help navigating these changes? Contact us to discuss how you can maximize these increased limits for your retirement strategy.

The accounting landscape can be hard for small businesses to navigate, but the good news is that our team of experts is ...
04/28/2026

The accounting landscape can be hard for small businesses to navigate, but the good news is that our team of experts is here to assist.

As a starting point, we’re sharing nine high-level strategies small businesses can employ. While these tips range from tax season options to larger considerations, all of these actions are best done in consultation with a tax professional who can offer personalized advice.

With that in mind, reach out to our team of experts if you have questions or would like our strategic assistance. We’re here to help your small business thrive for many years to come!

Embarking on an entrepreneurial journey? The first critical decision is selecting the right business structure. It's not...
04/21/2026

Embarking on an entrepreneurial journey? The first critical decision is selecting the right business structure. It's not just about starting; it's about starting right! Let’s break down the options and what they mean for you. Swipe through for more context ➡️

Let's chat about the perfect structure for your business. Reach out to our team of dedicated accountants to kickstart your venture with confidence!

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Oklahoma City, OK
73114

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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