Findon & Associates LLC, CPA's & Advisors

12/23/2025

Our officeis closed for the holidays starting tomorrow December 24th through December 26th.

We will reopen for business on Monday, December 29th at 9:00am.

We wish you and your family a joyous holiday season celebrating Christmas, Hanukkah, Kwanza or any other holiday you may celebrate.

12/20/2025

Today we celebrated together for our annual holiday party. We bowled, ate well, and had a white elephant gift exchange. It was fun for all.

12/12/2025

The One Big Beautiful Bill Act (OBBBA), signed into law last July introduced significant changes to the tax
law. One of those changes is pertaining to qualified overtime pay.

From 2025 to 2028, individuals receiving qualified overtime compensation can deduct the portion of their pay
that exceeds their regular rate. This typically refers to the “half” portion of “time-and-a-half” compensation, as
defined by the Fair Labor Standards Act (FLSA) and reported on Form W-2, Form 1099, or other specified statements.

The Act does not limit the number of hours employees aged 16 and older may work weekly. Additionally, the FLSA does not require overtime pay for work on weekends, holidays, or regular days off unless overtime is worked.

a) The maximum annual deduction is $12,500 for individuals and $25,000 for joint filers

b) Deduction phases out for modified adjusted gross incomes exceeding $150,000 ($300,000 for joint filers).

c) This deduction is available to both itemizing and non-itemizing (standard) taxpayers.

For example, if an employee's regular rate is $20 per hour and they work 45 hours, their overtime rate would be $30 per hour. Only the $10 extra per hour for the five overtime hours qualifies as "qualified overtime" for the deduction.

To assist with this process, please include your final pay stub for 2025 or a statement from your employer for the year with your tax documents.

Please note starting in 2026, you will not be asked to provide a paystub as the employer will be mandated to
disclose overtime pay separately in box 12 of your W-2.

Thank you for your attention to this important matter.

11/19/2025

From the PA DEPT. OF REVENUE:

TEXT MESSAGE SCAM ALERT:

We are aware of reported text messages that claim to be an individual with the Pennsylvania Department of Revenue asking you to update banking information. If you get this message do not reply or click any link and delete it from your device. We will never send unsolicited texts asking for personal data.

11/13/2025

The last of our November birthdays concludes with today’s birthday spotlight; Michele.

Happy early birthday Michele!!🎉🎂

11/13/2025

The federal government shutdown has ended and Social Security has resumed normal operations. Remember, you can always securely access your benefits online with your personal my Social Security account. Sign up today: https://www.ssa.gov/myaccount/

11/12/2025

Happy belated birthday, Marie!! 🎂🎉🎁

11/12/2025

11/07/2025

Happiest of birthdays today to Trevor!!

10/29/2025

Happy birthday to our newest team member, Alex!!

10/04/2025

As of 09/30/2025, the IRS will no longer accept or issue paper checks for taxpayers with tax due or refunds. Going forward, most individuals and businesses will be required to make electronic payments and receive refunds via direct deposit.

Tax payments can be made online through www.irs.gov using "Direct Pay" or by enrolling in EFTPS at www.eftps.gov. Please note that EFTPS enrollment may take 5-7 days, followed by PIN number receipt and account activation. Banking information verification may require additional days. Payments must be scheduled by 8 p.m. ET at least one calendar day before the due date.

We recommend familiarizing yourself with these new options and providing your banking details for the upcoming tax season to ensure a seamless process.

Effective October 17th, 2025, Individuals will not be able to create new enrollments via EFTPS.gov. If you are an individual taxpayer and are not enrolled in EFTPS.gov by October 17th, you'll need to create an IRS Online Account for Individuals or use the IRS Direct Pay guest path.