Svoboda Accounting and Tax Service

Svoboda Accounting and Tax Service At Svoboda Accounting & Tax Service, we provide individual, business, estate, nonprofit, fiduciary t Call us today for a free initial consultation.

Svoboda Accounting & Tax Service offers a wide range of services to our individual and business clients. Since we recognize that many of our clients have specific needs beyond accounting and tax assistance, our firm functions as a business advisor and plays a key role in decision-making transactions that have a financial impact on our clients. Because our firm is relatively small, our clients bene

fit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients. The list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional. Specialized Services

Accounting / Write-Up / Payroll
Bank Loan Requests and Reports
Budgets, Forecasts and Projections
Business Plans
Financial Statements
Tax Planning
Tax Return Preparation - individual, corporate, partnership, trust, estate, non-profit, and gift. PLEDGE OF CONFIDENTIALITY – We maintain the strictest confidence concerning our clients’ affairs. You can rest assured that no one will learn about your business or tax status – even the relatives, associates or friends who might have referred you to us. NEW CLIENTS – If you are a potential client, don’t wait until the last minute to get your tax information in order. We will be happy to evaluate your position and recommend steps that could result in significant tax savings – both for the current year and for many years to come.

We will be closing at 3 today! We will be starting our summer hours on Tues April 28th!
04/15/2026

We will be closing at 3 today! We will be starting our summer hours on Tues April 28th!

04/06/2026

The U.S. Postal Service finalized a rule clarifying how postmarks are defined and applied, with important implications for tax filings. Under new guidance, most machine-applied postmarks reflect the date an item is processed at a USPS facility, not when it is delivered to the Postal Service. Because mail may be transported before processing, postmark dates may differ from the actual mailing date and may even fall on a later day.

USPS also notes that not all mail receives a postmark, and the absence of one does not mean the item was not accepted. This change is significant because §7502 relies on the postmark date to determine timely filing. To ensure proof of mailing, taxpayers should request a manual postmark at the post office. Other options include certified or registered mail, a certificate of mailing or a postage validation imprint.

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03/05/2026

The U.S. Postal Service (USPS) is changing how their postmarks work, and it could affect tax filings in 2026. Postmarks will still show the date mail is first processed by USPS, but they may not show the date you dropped something off at a post office or put it in a mailbox. That means time sensitive items like tax returns and payments could be impacted.

If you plan to mail your tax return or payment, we recommend:

Sending it several business days before the deadline.
Bringing it to a USPS retail counter and asking for a manual postmark.

Send a message to learn more

02/04/2026

We had a computer problem this morning, and lost all of our recently made appointments. If you made an appointment can you call and confirm.

01/27/2026

Today marks the opening of the 2026 tax filing season. The IRS is now accepting and processing federal individual income tax returns for tax year 2025, expecting about 164 million individual returns for tax year 2025.

Read the IRS news release for helpful links, important dates, and more: https://ow.ly/BZK450Y3TH1

The puppies are ready for tax season!!They have tested out the puppy pen and taken over their Aunt Sally's beds!
01/23/2026

The puppies are ready for tax season!!
They have tested out the puppy pen and taken over their Aunt Sally's beds!

08/20/2025

On August 14, 2025, the U.S. Department of the Treasury announced that the federal gov-
ernment will stop issuing paper checks for most federal payments on September 30, 2025.
If you are one of the few people who still receives a federal benefit check, it’s time to
switch to an electronic payment method.
“Reducing paper checks has been a longstanding bipartisan goal that our administration
is finally putting into action. Thanks to President Trump, this will help reduce fraud and
theft. It will also remove delays that prevent hardworking Americans from receiving their
vital payments,” said Secretary of the Treasury Scott Bessent.
No action is required for the vast majority of Americans who already receive federal ben-
efit payments electronically.
If you are still receiving a paper check for Social Security, Veterans benefits, or any other
federal benefit, enroll in direct deposit using one of the following options.
• Call the federal agency that pays your benefits and follow their instructions for enroll-
ing in direct deposit.
• Enroll online at GoDirect.gov
• Call the Electronic Payment Solution Center at 800-967-6857, Monday – Friday 9:00 a.m. – 7:00
p.m. ET
If you do not have a bank account to receive direct deposit you can safely access resources
to open an account at FDIC: GetBanked or MyCreditUnion.gov.
You can also sign up for a Direct Express® Debit Mastercard®. Direct Express® is a
Treasury-sponsored debit card where you can receive your monthly benefit payments
electronically. Individuals without a bank account can sign up by calling Treasury’s Elec-
tronic Payment Solution Center at 800-967-6857 or by contacting their paying agency
directly.
Always beware of government impersonation scams. Before responding to a request,
check it out and, verify it by contacting the agency using a website or phone number
you know is real. If you’re unsure, ask a trusted source, like your bank, a friend or family
member for help.

08/20/2025

Out-of-pocket classroom costs could be offset with Educator Expense Deduction

It’s back to school season, and with that comes potential out-of-pocket costs for educators. The Educator Expense Deduction lets eligible teachers and administrators deduct certain expenses from their taxes.

Eligible educators
The taxpayer must be a kindergarten through grade 12 teacher, instructor, counselor, principal or aide and work at least 900 hours a school year in a school that provides elementary or secondary education as determined under state law.

About this deduction
Educators can deduct up to $300 of certain trade or business expenses that weren't reimbursed by their employer, grant or other source. If two married educators are filing a joint return, the limit rises to $600. These taxpayers can't deduct more than $300 each.

Qualified expenses are amounts the taxpayer paid themselves during the tax year.

Some of the expenses an educator can deduct include:

Professional development course fees
Books and supplies
Computer equipment, including related software and services
Other equipment and materials used in the classroom
More information

Topic No. 458, Educator Expense deduction
Publication 5349, Tax Planning is for Everyone

Our power is out! We'll open as soon as it comes back on!
08/06/2025

Our power is out! We'll open as soon as it comes back on!

We will be closed till the 29 and switching to summer hours
04/14/2025

We will be closed till the 29 and switching to summer hours

03/24/2025

BOI Reporting Removed for U.S. Companies and Persons

The Financial Crimes Enforcement Network (FinCEN) issued a major update on Friday to its beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. In line with the U.S. Treasury’s March 2, 2025, announcement, U.S. companies and persons are no longer required to report BOI to FinCEN.

Key points from the interim final rule:

The definition of a “reporting company” now includes only entities formed under foreign law that register to do business in the U.S. via state or tribal filings.
U.S.-formed entities (formerly known as "domestic reporting companies") are exempt from BOI reporting requirements.
Foreign reporting companies must continue to report BOI, but they will not be required to report any U.S. persons as beneficial owners.
Likewise, U.S. persons who are beneficial owners of such foreign entities are not required to report BOI to FinCEN.
The FinCEN website provides new reporting deadlines and further guidance for foreign entities. NATP continues to monitor the situation and will keep you informed of any updates or changes to BOI reporting requirements as they arise.

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Address

466 Fairview Street
Owatonna, MN
55060

Opening Hours

Tuesday 9am - 3pm
Wednesday 9am - 3pm

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