AllenMitchell, LLP

AllenMitchell, LLP AllenMitchell, LLP is a CPA Firm providing tax, bookkeeping, payroll and planning services at a top

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim. Visit our webs...
05/28/2026

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim. Visit our website for the full article at https://allenmitchellcpas.com/tax-briefs

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
05/26/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it. Check out the full article at our website!

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
05/21/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us for help ensuring the best tax outcome.

See the full article at our website!

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
05/19/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests.
For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less. See our website for the full article!

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to fami...
05/14/2026

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to family. Also review the tax implications.
For example, some states don’t have a personal income tax, and some that do have one offer tax breaks for pension payments, retirement plan distributions and Social Security payments. Also be aware that a state with no personal income tax may impose high property, sales or estate taxes.
Before making a move, contact us to review the potential income, property, sales and estate tax implications. We can help you minimize potential negative tax consequences and make the most of any tax advantages offered by the new state. Check out the full article at our website for more.

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns usi...
05/13/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

Protect your organization by implementing a cybersecurity plan, securing sensitive data, training employees and using technology tools such as encryption and multi-factor authentication. Working with a trusted tax professional is also critical. We can review your risks, recommend safeguards and determine the next steps if something looks suspicious. Visit our website for the full article.

Public accounting can be stressful. Billable hours, productivity ratios and revenue managed matter, but it's not the ma...
05/08/2026

Public accounting can be stressful.
Billable hours, productivity ratios and revenue managed matter, but it's not the main goal.
Here, we work so hard so that we have the finances, and the time to spend with the ones we love, our families!

Working here is what real work-life balance looks like.
Flex schedules, no tracked PTO, no stress about free time in the summers. When we tell our CPA's they are in charge of their own time we mean it! We're all adults, we trust our people to take care of their work, and create an environment where they don't feel guilty for spending time at home.

If you're a CPA and you've been looking for a change, or you don't know what's next in your career but you know you're not happy with where you're at - reach out to us. No commitment, not a formal interview, just a casual conversation about what work-life is all about here! Text us at 319.330.8433 or email [email protected].

Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year an...
05/08/2026

Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time. Learn how to fine-tune it. Visit us at www.allenmitchellcpas.com for the article.

Does your business own commercial real property? A closer look at your building costs could change how quickly you can d...
05/05/2026

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses. A cost segregation study can uncover tax savings hidden in plain sight. Visit us at allenmitchellcpas.com for the article.

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can hel...
05/01/2026

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can help manage risk and achieve your goals. See some tips for tax-smart rebalancing at allenmitchellcpas.com

C corporation shareholders usually owe tax on gains from selling stock. But with qualified small business (QSB) stock, o...
04/28/2026

C corporation shareholders usually owe tax on gains from selling stock. But with qualified small business (QSB) stock, owners hold the key to a potential gain exclusion. Is this strategy right for your business? Visit us at www.allenmitchellcpas.com for the article.

Address

123 E 2nd Street
Washington, IA
52353

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13195918770

Website

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