On Point Accounting and Tax

05/14/2026

We have moved!
On Point now offers:
Better parking, better location, easier access, and best of all, no elevator! We will continue to give you the best service from our stellar staff that you know already!
We will be closed for a few days to facilitate our move, but we'll be back soon!

05/10/2026

05/05/2026

Thanks to all our clients for your business at tax time and throughout the year.
Now, On Point Accounting & Tax will be going through some big changes!
Watch this space for upcoming info!

04/16/2026

THANK YOU for a great year.

02/18/2026

We are well into tax season! Many tax changes abound this year. Come into On Point and find out if they apply to you.
Let our friendly and knowledgeable staff assist you in your financial endeavors!

02/10/2026

Need your Taxes done? Krista is looking for New Clients.
Come on in tomorrow no appointment needed from 11-3.

02/09/2026

Good news!!!

Krista
Will be doing walk in appointment this week for
New Clients.
Tuesday – Wednesday- Thursday
11:00 to 3:00

02/05/2026

Should you work with a tax professional to file your taxes?

Working with a tax professional can be helpful if you’re unsure how to navigate tax software, have questions about eligibility for certain tax benefits or need guidance on more complex rules. A tax professional may also identify credits or deductions you qualify for but might otherwise overlook.

That guidance can be especially valuable as tax laws continue to change. Recent legislation, including the One Big Beautiful Bill Act (OBBBA), has introduced new provisions and planning considerations that aren’t always intuitive, such as expanded tip and overtime deductions, changes affecting certain credits and new rules tied to income thresholds.

Working with a tax professional can also be valuable when life changes affect a return, such as selling a home, getting married or divorced, changes in filing status, adding dependents or starting a business. In those situations, having an experienced tax professional involved can help ensure the return is prepared accurately and reflects the taxpayer’s full tax picture.

02/05/2026

Under the guidance in IRS Notice 2025-69, a self-employed individual who receives income solely in cash or by check, but also receives tips, is not permitted to claim a tip deduction unless those tips are substantiated through third-party reporting. In the absence of a Form 1099-NEC or Form 1099-K reflecting the tipped amounts, the IRS considers the tips insufficiently documented for purposes of allowing a deduction, even if the taxpayer maintains internal records. Accordingly, without the required information reporting, no tip deduction is allowed.

02/04/2026

What you need to bring for the Energy Efficient Credit.

New Changes to requirements for claiming the Energy Efficient Home Improvement Tax Credit in 2025

Starting this year, the IRS is implementing a requirement for manufacturers to establish a PIN number for each eligible product, so it can be associated with the tax credit claim. Manufacturers are currently in the process of becoming “qualified manufacturers” or QMs. Because manufacturer registration is in process, it will be sufficient, for installations in 2025, to simply include the manufacturer’s four-digit QM code on your 2025 tax return. This applies to heat pumps (outdoor unit only), water heaters, CAC, boilers, furnaces, biomass stoves, windows, doors and skylights. (The QM code requirements applies for electric panel upgrades but will remain sufficient in future years.)

01/28/2026

and Treasury are moving into a new era, and leaving relics of the past behind. This means we're saying goodbye to paper checks, and we're saying hello to electronic payment methods. Did you know that direct deposit refunds are less likely to get returned as undeliverable? And don’t forget, electronic tax payments are less likely to post late, helping you avoid penalties and interest.