Freedom Accounting & Tax

12/31/2025

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12/31/2025

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12/14/2025

No Tax on Tips

This allows individuals to deduct up to $25,000 per year in qualified tips from their taxable income. This is available for tax years 2025-2028. Married taxpayers must file jointly.

07/17/2025

🎉 Exciting News! 🎉
Rocky Lippold and Freedom Accounting and Tax have been recognized as a Woodard Top 50 CAS Practice! This national award honors firms that excel in Client Accounting Services (CAS) through innovation, efficiency, and a commitment to helping clients succeed.
Being named a Top 50 CAS Practice highlights our dedication to providing not just accounting, but strategic advisory services that help businesses grow and thrive.
Thank you to our amazing clients and team for making this possible! 💼🏆

07/15/2025

https://youtu.be/SH20xAZ1YmY?si=cAjOO3izzOm17Aq9

07/06/2025

"Nothing is impossible. The word itself says 'I'm possible!'"
Audrey Hepburn

05/12/2025

Main Home Sale - Did You Know?

Selling valuable assets like real estate often results in a substantial gain, subject to federal capital gains tax. However, you may be able to exclude most or all of the gain from selling your main home from your taxable income. Before you sell, find out whether you qualify for the Primary Home Sale Exclusion.

05/08/2025

If you hire a certain kind of employee, you could score some significant tax savings. I'm specifically talking about the kind that share your last name... your kids. 𝗪𝗵𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗵𝗶𝗿𝗲 𝘁𝗵𝗲𝗺?
❇️ Their wages are deductible as a business expense.
❇️ It shifts income from your higher personal tax bracket to their lower one. (𝘠𝘰𝘶𝘳 𝘤𝘩𝘪𝘭𝘥'𝘴 𝘸𝘢𝘨𝘦𝘴 𝘢𝘳𝘦 𝘪𝘯𝘤𝘰𝘮𝘦 𝘵𝘢𝘹-𝘧𝘳𝘦𝘦 𝘪𝘧 𝘵𝘩𝘦𝘺’𝘳𝘦 𝘶𝘯𝘥𝘦𝘳 𝘵𝘩𝘦 𝘴𝘵𝘢𝘯𝘥𝘢𝘳𝘥 𝘥𝘦𝘥𝘶𝘤𝘵𝘪𝘰𝘯.)

𝗕𝘂𝘁 𝗶𝗳 𝘆𝗼𝘂 𝗱𝗼 𝘁𝗵𝗶𝘀 𝘀𝗹𝗼𝗽𝗽𝗶𝗹𝘆, 𝗵𝗶𝗿𝗶𝗻𝗴 𝗳𝗮𝗺𝗶𝗹𝘆 𝗶𝘀 𝗮𝗻 𝗮𝘂𝗱𝗶𝘁 𝗺𝗮𝗴𝗻𝗲𝘁.

We can help you avoid that, and talk through if this move makes good tax sense for you.

05/07/2025

𝗧𝗵𝗲 𝗺𝗼𝗺𝗲𝗻𝘁 𝘆𝗼𝘂 𝗼𝘄𝗲 𝘁𝗵𝗲 𝗜𝗥𝗦, 𝘁𝗵𝗲𝘆’𝘃𝗲 𝗴𝗼𝘁 𝗮 𝗹𝗶𝗲𝗻 𝗼𝗻 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙤𝙬𝙣.

It’s automatic. You might not see it. But it’s there.

That’s why one of the first things we do for clients facing tax debt? We run the same detailed financial analysis the IRS uses—𝘣𝘦𝘧𝘰𝘳𝘦 𝘵𝘩𝘦𝘺 𝘥𝘰. Why? So we’re fully prepared to negotiate and position you for the best possible deal.

👉 Most tax debtors end up stuck with a monthly payment plan. Our job? To fight for the smallest possible payment—and soften the hit on your budget.

Don’t wait for the IRS to tell you what you can afford. Let’s get ahead of it. DM me if you’re facing tax debt and need a plan.

05/07/2025

Hiring Family: 4 Keys Southwest Missouri Business Owners Should Know

If you’re looking to hire this year, consider hiring family for more tax savings, but make sure to follow these guidelines.

05/06/2025

Nonprofit leaders – tax season isn’t in the rearview for you quite yet. Your tax filing AND payment deadline is May 15th (if your organization runs on a calendar year like most do).

And if you miss it, you could face some not-fun IRS penalties.

Not ready? You can file for a 6-month extension (which we can help you with – just give us a call). It’ll give you the breathing room you need to do your return the 𝘳𝘪𝘨𝘩𝘵 𝘸𝘢𝘺.