Nuttall & Patel LLP

10/17/2026

"No tax on tips" has been one of the most talked-about tax changes of the past year. For hospitality owners, the real question is what it means for the business.

Tip reporting used to feel like overhead. Now it's tied to a benefit your staff cares about, which makes it a recruiting and retention conversation too. Accurate records also support your F**A tip credit.

W-2 season is about three months away. Now is the time to fix the process.

Restaurant and hotel owners: have your staff asked about this yet? Tell us in the comments. If you want your tip reporting reviewed, book a call.

📞 (714) 630-0440📍 Anaheim, CA 🌐 nuttallpatel.com

Nuttall & Patel LLP | Anaheim, CA | Serving clients nationwide

10/16/2026

Your story is one of your strongest marketing tools. Let customers get to know the people behind your business.

10/15/2026

Thinking about buying a business? Learn what the numbers can reveal about earnings, cash flow, customers, working capital, taxes, and risk.

Buying a business? Learn what the numbers can reveal about earnings, cash flow, customers, working capital, taxes, and financial risk. Pasted markdown

10/15/2026

Reimbursing employees for business expenses doesn't have to create taxable wages. Learn how accountable plans work, what documentation is required, and why deadlines and recordkeeping matter.

Learn how accountable plans let businesses reimburse employee expenses without creating taxable wages and what IRS requirements must be followed.

10/14/2026

October 15 is the extended deadline for most individual returns that were extended in April, and for calendar-year C corporations. For many business owners and high-net-worth individuals, that means this Thursday.

There's no second extension. A few things are worth knowing before the deadline.

An extension to file isn't an extension to pay Tax owed for 2025 was due on April 15. If a balance remains, interest has been building since then, and a failure-to-pay penalty may apply. Filing now stops the bigger problem from getting worse.

Filing late usually costs more than paying late The failure-to-file penalty is generally much larger than the failure-to-pay penalty. If paying the full balance isn't possible right now, filing on time and addressing the payment separately is usually the better path.

Missing documents are the usual cause of delay Late K-1s from partnerships, brokerage corrections and real estate records are the most common reasons returns get extended in the first place. If one is still outstanding, now is the time to follow up, not Thursday afternoon.

Use this filing to plan the next one If 2025 needed an extension, it's worth asking why. Was it timing, missing records or complexity that has outgrown your current process? Fixing that before year-end makes the 2026 return easier.

Deadlines are easier to meet when the year is planned around them, not when they're reacted to.

If you need help before Thursday or want a better process for next year, reach out.

📞 (714) 630-0440 📍 Anaheim, CA 🌐 nuttallpatel.com Nuttall & Patel LLP | Anaheim, CA | Serving clients nationwide

10/14/2026

Growth isn't always easy, but the lessons you learn today become the foundation for tomorrow's success.

10/13/2026

Is crowdfunding money taxable? It depends. Personal donations, rewards and equity investments can have very different tax consequences for both organizers and contributors.

Crowdfunding can have unexpected tax consequences. Learn how personal donations, rewards, investments, Form 1099-K, and gift tax rules may apply.

10/13/2026

It's never too early to review your retirement contributions. A few adjustments now could make a meaningful difference at tax time.

10/12/2026

Planning to sell your business someday? Clean, credible financials can support buyer confidence, financing, and a smoother sale.

10/12/2026

Are your beneficiary designations up to date? Marriage, divorce, and other life changes can affect who inherits your assets. Watch this video to learn why regular reviews are important.