I Love Accounting, LLC

I Love Accounting, LLC We are a full service independent accounting and tax preparation business. We are committed to our clients.

02/26/2026

If you became a U.S. tax resident, your reporting becomes global.

FBAR is required if the combined value of your foreign financial accounts exceeded $10,000 at any point during the year.
Form 8938 is filed with your tax return if the value of your foreign financial assets exceeds the applicable threshold.

These are different forms with different rules and requirements — and the penalties for not filing can be serious.

Have foreign accounts? DM us the word GLOBAL, and we’ll help you confirm what you need to file.

02/17/2026

While some are choosing a groom, our clients are choosing a professional accountant!

02/06/2026

Your accountant is not legally required to track all of your reports and IRS correspondence.
But a qualified and professional accountant does it for you.

Because we do not just calculate numbers — we manage risks, deadlines, and your tax security.

When your accountant is a partner, not just a form filer, your business sleeps better.

01/30/2026

You can give up to $19,000 per year — and pay no gift tax.
But it matters who gives the gift, who receives it, and which gifts are considered “special” by the IRS.
I explain it clearly in this video.
Save it so you don’t make a mistake.

01/25/2026

📅 Tax season prep doesn’t start in April — it starts now.

The tax season doesn’t like surprises.
It loves order, numbers, and well-prepared taxpayers.

✅ If you start early, you get:
• Less stress
• Fewer mistakes
• More legal tax benefits

01/24/2026

📄 Have you already filed your 1099 forms for 2025?

Every year, businesses in the U.S. are required to report payments to contractors and service providers using Forms 1099-NEC and 1099-MISC.

If you paid freelancers, drivers, cleaning companies, IT specialists, or consultants — you may have a filing obligation.

🏢 If you haven’t filed your 1099s yet or are unsure about the accuracy — come to us.
We’ll review your payments, prepare and file your forms correctly and on time.
#1099

Estimated taxes are how you pay taxes when no one withholds them for you. Paying quarterly helps avoid penalties, intere...
01/12/2026

Estimated taxes are how you pay taxes when no one withholds them for you. Paying quarterly helps avoid penalties, interest, and surprises at tax time. Saving this post now can save you money later.

Tax deadlines are not optional. In 2025, missing key dates can lead to penalties and interest.Extensions give more time ...
01/09/2026

Tax deadlines are not optional. In 2025, missing key dates can lead to penalties and interest.
Extensions give more time to file, not to pay. Saving this post and tracking deadlines is one of the simplest ways to avoid unnecessary costs.

You do not need an SSN to own a U.S. business, but you do need the correct structure, tax IDs, and compliance. Ownership...
01/05/2026

You do not need an SSN to own a U.S. business, but you do need the correct structure, tax IDs, and compliance. Ownership is allowed. Mistakes are not.

Cash and accrual accounting can show very different results for the same business.One focuses on when money moves. The o...
12/24/2025

Cash and accrual accounting can show very different results for the same business.
One focuses on when money moves. The other shows when income is actually earned.
Choosing the right method affects your taxes, financial reports, and business decisions.
What looks profitable under one method may look very different under the other.
Save this post if you want clearer numbers and better planning.

Understanding basic accounting terms helps business owners make better decisions, communicate clearly with their account...
12/18/2025

Understanding basic accounting terms helps business owners make better decisions, communicate clearly with their accountant, and avoid costly mistakes. From revenue and expenses to cash flow and accrual accounting, knowing these fundamentals gives you more control over your business finances.





Many small business owners believe common tax myths — and those myths often lead to penalties, higher taxes, and unneces...
12/17/2025

Many small business owners believe common tax myths — and those myths often lead to penalties, higher taxes, and unnecessary stress. Understanding how taxes really work helps you stay compliant, protect your business, and make smarter financial decisions before problems arise.

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