Albright & Associates, Ltd.

06/18/2026

29 free, cheap things to do in Reno-Tahoe, June 18-21

What's on the agenda for the three-day weekend — and more specifically, what's cheap? Here's the lineup of 29 activities in Reno-Tahoe for under $20.

06/16/2026

Are you thinking about selling your commercial or investment real estate? If the property has appreciated significantly, a Sec. 1031 like-kind exchange may allow you to defer tax on some or all of the gain. With this transaction, you exchange the property for another qualifying property, generally deferring tax until the replacement property is sold.

But common misconceptions about Sec. 1031 exchanges can lead to missed opportunities or costly mistakes. For example, the property types don’t have to be identical, and receiving cash or debt relief (“boot”) may trigger taxable gain.

We can help demystify this tax strategy and determine whether it’s right for your situation. Contact us to learn more.

www.albrightcpas.com

06/11/2026

06/10/2026

Employers have had to traverse a shifting landscape regarding overtime eligibility in recent years. But the road ahead is now a little clearer. In May 2026, the U.S. Department of Labor formally rescinded the 2024 overtime rule after federal courts vacated it and the agency’s appeals were dismissed. As a result, the federal salary threshold for the standard “white collar” exemption remains $684 per week, or $35,568 annually, and the highly compensated employee threshold remains $107,432. Still, employers shouldn’t go on cruise control. Exempt status also depends on salary basis, job duties and applicable state law. Contact us for help tracking and managing overtime-related payroll costs.

www.albrightcpas.com
775-826-5432

06/08/2026

Self-employed individuals often miss legitimate tax savings because they fail to keep adequate records or misunderstand the rules. Don’t let this happen to you.

Follow this golden rule: Business expenses must be ordinary (common in your industry) and necessary (helpful and appropriate for the business). Of course, you can deduct supplies, materials, and employee payroll and benefits. But don’t overlook other deductible costs — such as for your home office, education, business meals and travel, and business vehicles.

We can help you identify qualifying business expense deductions and establish recordkeeping practices that support them. Contact us to learn more.

www.albrightcpas.com
775-826-5432

06/05/2026

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. However, many businesses supplement their GAAP financials with non-GAAP metrics to help stakeholders make better-informed decisions. For example, earnings before interest, taxes, depreciation and amortization (EBITDA) can provide insight into your business’s cash flow and long-term profitability. Because non-GAAP measures aren’t governed by a single set of accounting standards, calculations can vary significantly. So detailed disclosures are critical for reliable comparisons. Contact us for help presenting your financial results consistently and transparently.

www.albrightcpas.com
775-826-5432

06/02/2026

On her recent trip to Washington, Cara thought it would be fun to visit the place she spent countless hours with on the phone 🤣

06/01/2026

Scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to trick victims into sharing sensitive information or sending money.

Remember, the IRS will never contact you by email or text about a tax bill or refund. It also won’t demand immediate payment over the phone. Most IRS communications are sent through regular mail — though fraudsters may send fake IRS notices by mail, often including QR codes.

Don’t click on links, open attachments or scan QR codes from unknown senders that might direct you to fraudulent websites designed to steal personal or financial information. Contact us if you have questions.

www.albrightcpas.com
775-826-5432

06/01/2026

Food truck rallies, Margarita Crawl: 30 events this week in Reno-Tahoe

Food truck events are back this week, and so is sunny weather. Here's the rundown of 30 events happening in Reno-Tahoe during the first week of June.

05/30/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many owners are eligible without realizing it because of various deductions for the self-employed.

A Roth IRA offers potential advantages over tax-deferred accounts. Although Roth contributions aren’t deductible, qualified withdrawals won’t be taxed. And you aren’t required to take withdrawals from your Roth IRA, meaning the account can continue to grow tax-free. Your heirs can also take tax-free withdrawals.

For help evaluating your Roth IRA eligibility and developing a long-term retirement strategy that aligns with your personal and financial goals, contact us.

www.albrightcpas.com
775-826-5432