LPS Tax & Accounting

04/03/2026

📢 TAX DEADLINE REMINDER 📢

The deadline to file your taxes is April 15, 2026. If you are unable to file before that date, you still have options. You can file for an extension, which gives you an additional six months - until October 15, 2026 — to submit a complete tax return.

⚠️ Any taxes owed must still be paid by the April 15, 2026 deadline to avoid penalties & interest.

10/01/2025

The filing deadline for personal 1040 extensions is October 15, 2025!

09/15/2025

Not sure how to pay your estimated tax payments or tax due? Here’s some guidance on how to pay online:

09/10/2025

📣 U.S. Department of Treasury Announcement

Starting soon, the IRS and federal agencies will NO LONGER accept or issue paper checks for payments, benefits or refunds.

✅ What You Need to Know:

If you already use direct deposit, no action is needed.

If you still receive paper checks for Social Security, Veterans benefits, or other federal payments, enroll in direct deposit using one of the following options.

🔹 Call the Federal agency that pays your benefits & follow their instructions for enrolling in direct deposit.
🔹 Enroll Online: Visit 👉 GoDirect.gov
🔹 Or call the Electronic Payment Solution Center at 800-967-6857 (Mon–Fri, 9 AM–7 PM ET)

💳 No Bank Account? You can:

🔸 Open an account at FDIC: https://www.fdic.gov/getbanked
or https://mycreditunion.gov/
🔸 OR sign up for the Direct Express® Debit Mastercard® — a safe, government-backed debit card for receiving benefits.
📞 Sign up by calling Treasury's Electronic Payment Solution Center: 800-967-6857

📌 Don't wait — switch to electronic payments today for faster, safer, and more secure benefits!

09/09/2025

Worried about how the new tax law changes may affect you and your 2025 tax return? We've got you covered.

Here are some important details regarding the new tax deductions that were signed into law under Trump's OBBB (One, Big, Beautiful Bill).

If you are concerned about how these changes may affect you and would like to do some tax planning before the end of 2025, please give our office a call at 920-550-2188 and schedule an appointment to meet with Josh!

06/19/2025

10/17/2024

📢 Business owners! Have you filed your Beneficial Ownership Information Report yet? 📢

•What is a BOI report and what is its purpose?
A BOI report is a disclosure of a business's owners to the Financial Crimes Enforcement Network (FinCEN). In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. The report is intended to increase business transparency and help fight illicit activity.

• Who needs to file a BOI report?
Reporting companies created or registered before January 1, 2024, must file its initial BOIR by January 1, 2025.
If a reporting company is created or registered to do business in the United States on or after January 1, 2024 and before January 1, 2025, it must file its initial BOIR within 90 days after receiving actual or public notice that its creation or registration is effective.
If a reporting company is created or registered to do business in the United States after January 1, 2025, then it must file its initial BOIR within 30 days after receiving actual or public notice that its creation or registration is effective.

• What information is reported?
A BOI report includes the following information for each beneficial owner:
• Name
• Date of birth
• Address
• A unique identifying number and issuing jurisdiction from an acceptable identification document
• An image of the acceptable identification document

•How to file a BOI report?
BOI reports can be filed electronically through the BOI E-Filing portal at boiefiling.fincen.gov. The report can be submitted as a PDF or filled out online.

• Penalties for noncompliance
Willfully failing to file a BOI report or providing false information can result in civil penalties of up to $591 per day and criminal penalties of up to two years in prison and/or a $10,000 fine.

For more information, you can visit www.fincen.gov/boi

A final rule implementing the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA) was issued in September 2022. These regulations go into effect on January 1, 2024. Beneficial ownership information will not be accepted prior to January 1, 2024.

08/29/2024

🏌️‍♂️🌟 Exciting day on the greens yesterday! The LPS Tax & Accounting team had a fantastic time participating in the 2024 Sheboygan County Chamber Golf Outing. It was great to connect with local businesses, enjoy some friendly competition, and support our vibrant community. A big thank you to the Sheboygan County Chamber for hosting such a wonderful event. Looking forward to next year! ⛳️

08/01/2024

We are seeking a skilled Senior Accountant/Tax Preparer to join our team!

LPS Tax & Accounting

08/01/2024

Welcome to LPS Tax & Accounting, your trusted partner in tax and accounting services. At LPS, we are committed to providing personalized financial solutions to individuals and businesses in our local community. With a passion for numbers and a dedication to our clients, we strive to make your financial journey smoother and more successful.

We offer services in Individual and Business Tax, Business Accounting, Payroll, Tax Planning, and more.

Contact us today, we look forward to working with you and being your trusted tax and accounting partner!