Williams Tax & Bookkeeping Services

06/23/2026

Tax Tip Tuesday:

Did your teenage son/daughter get their first part-time job this summer? They may now be eligible to contribute to a Roth IRA! In 2026, they can contribute up to $7,500 (or their total earned income — whichever is lower).

Contributions to a ROTH IRA grow tax-free, and qualified withdrawals in retirement are also tax-free. That’s huge compound growth potential when they start early!

Imagine your 16-year-old turning their summer earnings into a powerful head start on financial independence. The money they put away now could grow for 50+ years. Starting small today teaches discipline, responsibility, and the magic of compound interest.

06/16/2026

Tax Tip Tuesday:

Don't mix business and personal finances! Keep a separate bank account to make accounting easier and cleaner come tax time.

06/09/2026

Tax Tip Tuesday:

Did you have a child in 2025 or are you planning to have one anytime in 2026, 2027 or 2028? Don't forget to set up a Trump account for your child! You can elect to receive a one-time $1,000 contribution from the US Treasury.

Trump Accounts are a historic new savings tool created under the One Big Beautiful Bill to give children in America a real financial head start.

06/02/2026

Tax Tip Tuesday:

Ohio Sales Tax Holiday will be Friday, 8/7 through Sunday, 8/9. The exemption will apply to all items of clothing priced at $75 or less, school supplies priced at $20 or less, and school instructional materials priced at $20 or less.

05/26/2026

Tax Tip Tuesday:

Avoid Surprise Tax Bills! Check your withholding using the IRS Tax Withholding Estimator. A quick adjustment now can save you stress later.

https://www.irs.gov/individuals/tax-withholding-estimator

Check your W-4 tax withholding with the IRS Tax Withholding Estimator. See how your withholding affects your refund, paycheck or tax due.

05/25/2026

05/19/2026

Tax Tip Tuesday:

Do you own your own business and work from home? You may qualify for the home office deduction - mortgage interest, utilities, real estate taxes and homeowners insurance could count. Just make sure your space is used exclusively for work.

05/12/2026

Tax Tip Tuesday:

If you use your car for business, track every trip. Apps like MileIQ make it effortless. Those miles can turn into major deductions. In 2026, the standard mileage rate is $.725/mile.

05/05/2026

Tax Tip Tuesday:

Don't wait until tax season to track your deductions! Use apps like QuickBooks or Expensify to stay organized all year long.

Future you will thank you when filing is fast and stress-free.