NKC Accounting LLC

06/26/2026

It's not always a good idea to amend a tax return. Do you know how to choose?

Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.

06/26/2026

🛡️ Has your business insurance kept up with your business growth?

Changes like new equipment, additional employees, increased inventory, or expanded services can affect your coverage needs.

If it's been a while since you reviewed your policy, consider connecting with your insurance agent to make sure your coverage still fits your business.

👉 Swipe through for a few important insurance review tips every business owner should know.

06/24/2026

📌 Did you know that simple mistakes can increase the chances of your tax return being reviewed by the IRS?

From failing to report all income to errors in tax credit calculations, there are several common reasons taxpayers receive IRS notices or face additional scrutiny.

Understanding these risks can help you stay organized, avoid surprises, and file with greater confidence.

A little preparation today can save a lot of stress later.

06/22/2026

Are you busier than ever but not seeing the financial results you expected?

It's a common challenge for many small business owners.

More customers, more projects, and more revenue can feel like success, but if profits aren't growing and cash flow remains tight, it may be time to take a closer look at the numbers behind the business.

We've put together a few signs to help you identify whether your business is truly becoming more profitable or simply getting busier.

Take a look through the carousel and let us know which point stands out to you.

06/19/2026

Looking for tax-free income? Here's a list of the more common types.

There's a lot of income the IRS doesn't tax. Here are a few of the more common types.

06/15/2026

📢 Estimated Tax Reminder: Due Today

Today, June 15th, 2026, is the deadline for the second quarter estimated tax payments.

If you're self-employed, own a small business, receive rental income, investment income, or other income without tax withholding, make sure you've reviewed your estimated tax obligations.

A little planning today can help prevent penalties and keep your finances on track for the rest of the year.

Need guidance? NKC Accounting is always happy to help.

06/12/2026

Social Security planning starts at an early age. Here is what you should be doing now!

Too many think to pay attention to Social Security only when they near retirement. Do this at your own risk! Even those in their 20s should be taking action. Here are some tips.

06/05/2026

Reminder: Second quarter estimated taxes are due Monday, June 15th.

If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Monday, June 15th.

06/03/2026

The IRS sends you a notice! What to do? This month's letter walks you through the process, plus much more!

As summer settles in and schedules fill up, a few smart decisions now can help you avoid costly surprises later. In this issue, there are strategies to strengthen your financial footing – from midyear tax planning opportunities to knowing when to call for help with an IRS notice. There is also...

05/29/2026

Underreported income and math errors are key mistakes that can trigger an audit from the IRS. Having your taxes prepared by a professional can significantly reduce this risk.

The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.