Easy Street Accounting Services

Easy Street Accounting Services The right support is an investment in yourself that puts you on Easy Street.

I rescue small business owners from chaotic or nonexistent bookkeeping by creating clean, compliant financials they can actually use to make smart decisions all year long.

šŸ½ļø Good news, your lunch meetings and networking coffees are still working for you.Business meals are generally 50% dedu...
05/17/2026

šŸ½ļø Good news, your lunch meetings and networking coffees are still working for you.

Business meals are generally 50% deductible in 2026 but only if you follow a few simple rules:

• Must be ordinary and necessary
• Cannot be overly extravagant
• Must document who you met with and the business purpose

And here is where most people get tripped up…

If you do not have proper documentation, the deduction could be disallowed in an audit, which means paying additional tax, plus potential penalties and interest.

Best practice is simple:
šŸ“± Snap a picture of the receipt and either upload it to QuickBooks Online or save it in a dedicated folder on your phone.

Future you will be very grateful when tax time rolls around.

Also, bonus reminder… entertainment is still not deductible, so that game or concert ticket does not count.

If your business does not own the vehicle and you use the mileage method, you should not be expensing gas, maintenance, ...
05/13/2026

If your business does not own the vehicle and you use the mileage method, you should not be expensing gas, maintenance, or insurance separately.

That is double dipping.

Use mileage. Or use actual expenses. Not both.

Clean books protect you at audit time.

If tax season had your head in the clouds searching for clear skies and less turbulence… let’s talk ā˜ļøāœˆļøšŸ˜…Because bookkee...
05/12/2026

If tax season had your head in the clouds searching for clear skies and less turbulence… let’s talk ā˜ļøāœˆļøšŸ˜…

Because bookkeeping should not feel like flying blind every year.

šŸš— For 2026, the standard mileage rate is 72.5 cents per mile.You can choose between two methods:• Standard mileage• Actu...
05/09/2026

šŸš— For 2026, the standard mileage rate is 72.5 cents per mile.

You can choose between two methods:
• Standard mileage
• Actual expenses

Your business does not have to own the vehicle to use either method. What matters is tracking your business use correctly.

For both methods, you need:
• Business miles driven
• Total miles driven for the year (so take a beginning and end of the year odometer reading)

No estimates. No guessing later.

šŸ“± A mileage tracking app like MileIQ or even the QuickBooks app makes this easy and keeps you covered if questions ever come up.

You cannot claim mileage and actual expenses on the same vehicle, and you cannot deduct personal use.

Track it right now so you are not trying to recreate it later. The key is consistency, documentation, and choosing the method that benefits you most.

If your business is taxed as an S corp, your paycheck is not optional.And ā€œpaying yourselfā€ does not mean transferring m...
05/05/2026

If your business is taxed as an S corp, your paycheck is not optional.

And ā€œpaying yourselfā€ does not mean transferring money to your personal account.

The IRS requires you to pay yourself reasonable compensation through payroll, which means:
• Running payroll on a regular schedule
• Withholding and paying payroll taxes
• Filing the required payroll tax forms
• Issuing yourself a W2 at year end

Here is what ā€œreasonableā€ means:
Your salary should reflect what someone would be paid to do your job based on your role, responsibilities, and industry standards.
-It is not based on what you feel like taking.
-It is not based on what your friend does.
-It is not a percentage of revenue or profit.

If you pay yourself too little, the IRS can reclassify your distributions as wages and assess back payroll taxes, penalties, and interest.

If you pay yourself too much, you may be overpaying payroll taxes unnecessarily.

Your business still needs to support payroll, but the amount is tied to the work you perform, not just what is left over.

This is something to calculate and revisit as your business grows.

If you are not sure where you stand, now is the time to review it. And Document It!

Tax season felt a little like this…Just digging in, figuring it out as you go, and trying to protect what you’re buildin...
05/05/2026

Tax season felt a little like this…

Just digging in, figuring it out as you go, and trying to protect what you’re building at the same time.

No castle yet. Just a moat and a plan.

That’s kind of how tax season goes in the beginning. You do what you can with the information you have, get through the deadlines, but now is the time to reflect.

Less reacting, more building something that actually lasts.

Cleaner systems
Better numbers
Guidance that feels approachable
Better decisions moving forward

Because what you build now is what carries you through the rest of the year.

If this tax season felt like a hurricane, let’s get you to calm seas… and on Easy Street.

šŸ• That office lunch tab is about to look different…Starting in 2026, meals provided for the convenience of the employer ...
05/01/2026

šŸ• That office lunch tab is about to look different…

Starting in 2026, meals provided for the convenience of the employer are no longer deductible. That means many office meals that were previously 50% deductible are now 0% deductible.

This includes common expenses like:
• Meals for employees working late or "we got busy so we ordered food"
• Food kept in the office such as snacks, coffee, and other de minimis meals

What is still deductible:
• Meals with clients or business discussions
• Employee travel meals
• Company-wide events like holiday parties or food available to the public at an event

The expense can still be recorded in your books, but it will no longer reduce your taxable income.

If everything is currently being grouped together as ā€œmeals,ā€ now is the time to separate it out so you are not surprised later.

Because nothing like thinking you have a deduction… and then finding out you do not.

Take a seat for a minute.Tax season moves fast.Deadlines, decisions, numbers… all at once.And then it ends just as quick...
04/30/2026

Take a seat for a minute.

Tax season moves fast.
Deadlines, decisions, numbers… all at once.

And then it ends just as quickly.

Most people move on and do the same thing next year.

But this is actually the most important part.

What caught you off guard?
Did you owe more than expected?
Were you scrambling at the last minute?

That is not bad luck. That is a signal.

Your numbers are telling you what needs to change.

With the right planning, those surprises turn into strategy.

Fewer last minute decisions.
More clarity throughout the year.
And a lot less stress next tax season.

If this year felt heavier than it should have, let’s fix that before the next one.

Heard you can ā€œsettle with the IRS for pennies on the dollarā€?Yes, it is possible… but let’s add some reality.Per Intern...
04/28/2026

Heard you can ā€œsettle with the IRS for pennies on the dollarā€?
Yes, it is possible… but let’s add some reality.

Per Internal Revenue Service Form 656-B:
An Offer in Compromise is an agreement between you and the IRS to settle your tax debt for less than the full amount owed.

Sounds great, right? Here is what actually matters:

āœ”ļø You must be compliant first
• All required tax returns filed
• At least one tax bill issued
• Current year estimated tax payments up to date
• Payroll tax deposits current if you have employees (current quarter + prior two)

āœ”ļø The IRS evaluates your ability to pay
They are not guessing. They calculate this based on your income, allowable expenses, and assets.

āœ”ļø Approval is not guaranteed
Submitting an offer triggers a full financial review and verification process.

āœ”ļø It is not a shortcut
This program is designed to settle based on what the IRS believes it can reasonably collect. If you can afford a payment plan, that is typically what they expect.
If you have IRS debt, the strategy matters more than the program. Offer in Compromise is just one option and not always the right one.

Money Monday ā˜€ļøWith tax season behind us, the focus shifts from filing to strategy.This is where the real impact happens...
04/27/2026

Money Monday ā˜€ļø

With tax season behind us, the focus shifts from filing to strategy.

This is where the real impact happens.

The conversation moves from ā€œwhat happenedā€ to ā€œwhat are we doing differently moving forward.ā€

So let’s make this one interactive…

What is the best money strategy you have learned, either personally or in your business?

Something that helped you think differently, plan better, or make more intentional decisions.

I’ll go first:
Clarity beats guessing every time. If you don’t know your numbers, you are making decisions in the dark.

Drop yours below šŸ‘‡

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