Assurance Tax and Accounting Group

10/30/2026

Think you’re saving money with your business expenses? One tax deduction mistake could cost you more than you realize.

Not every expense you pay for your business is tax-deductible. Misunderstanding the rules could mean claiming deductions you’re not eligible for or making costly mistakes when tax season arrives.

Here are 8 expenses small business owners should think twice about before claiming:
- Business gifts: Deductions are generally limited to $25 per recipient per year, subject to IRS rules.
- Daily commuting: Regular travel between home and your main workplace is generally not deductible.
- Everyday clothing: Regular clothing you can wear outside of work typically doesn’t qualify.
Entertainment: Most entertainment expenses are generally nondeductible, even when business is discussed.
- Family travel: Personal and family travel costs generally aren’t deductible as business expenses.
Social or country club dues: Membership dues are generally not deductible.
- Fines and penalties: Many government-imposed fines and penalties aren’t deductible.
- Political contributions: Contributions to political candidates or organizations generally aren’t deductible as business expenses.

The last thing you want is to discover a tax mistake when it’s time to file. Keeping accurate records and understanding which expenses qualify can help you make smarter financial decisions and prepare for tax season with greater confidence.

Don’t guess your way through business taxes. Get your books in order before small mistakes become bigger problems.

Need help keeping your books organized and your business tax-ready?
Book a call using the link in our profile or comment “tax” below to learn more about our services.

10/30/2026

Health Savings Accounts offer a powerful tax-advantaged way to pay for medical expenses. But they also come with some hidden tax traps. Here's what everyone should know.

Here's a tax tip worth keeping in your back pocket. Some may need it now, while others simply need to know this quirk exists.

10/29/2026

A business loss doesn’t always mean a total loss at tax time. It could help reduce your taxable income, but knowing which losses you can deduct is key.

The rules can be more complicated than you think. Certain business losses may be limited in the current year, while others may be carried forward to future tax years.

That’s why understanding your numbers matters.

Accurate bookkeeping helps you track your income, expenses, and actual profit or loss so you can make informed decisions and prepare for tax season with greater confidence.

Don’t let messy books make tax planning harder than it needs to be.
Need help getting your books organized, accurate, and tax-ready?

Book a call using the link in our profile or comment “books” below to learn how we can help your business stay financially organized.

10/28/2026

High sales don’t always mean a healthy business. Do you know what your numbers are telling you?

Revenue is only one piece of the puzzle. Your profit, cash flow, expenses, and outstanding payments can reveal whether your business is truly moving in the right direction.

Swipe through to discover the key numbers worth watching so you can make smarter decisions, spot potential problems early, and build a stronger financial foundation.

You don’t have to track every number obsessively. You just need accurate books and the right information to understand where your business stands.

Ready to get a clearer picture of your business finances?

Book a call using the link in our profile or comment “books” below to learn how our bookkeeping services can help you stay organized and informed.

10/27/2026

Some business tasks are better left to the professionals, especially when year-end deadlines are getting closer.

From preparing 1099s and handling payroll to organizing your books and planning for taxes, these responsibilities can quickly become overwhelming when you’re already busy running your business.

You don’t have to do everything yourself. Getting the right support can help you save time, stay organized, and head into tax season with greater confidence.

Which of these tasks would you most like to delegate? Tell us in the comments, and let Assurance Tax & Accounting Group help you take some of the stress off your plate.

Follow our page for more practical tax, bookkeeping, and financial tips for small business owners.

10/26/2026

The old $600 threshold has changed for tax year 2026 and increased to $2,000 for many qualifying payments.

Crucial reminder for all small businesses and gig workers:
Income is still taxable. You’re required to track and report all taxable business income, even if you earn less than $2,000 and don’t receive a 1099.

Save this post as a reminder, and follow our page for more practical bookkeeping, financial, tax, and smart business tips!

10/25/2026

Are your books messy, or are you months behind? There’s a difference!

With year-end approaching, October is a great time to get your bookkeeping back on track.

Clean-up bookkeeping fixes errors in your existing records, such as duplicate transactions, miscategorized expenses, and account discrepancies.

Catch-up bookkeeping brings your books up to date when transactions, reconciliations, or financial records are missing or overdue.

Either way, organized books mean clearer numbers, better business decisions, and less stress at tax time.

Not sure which one you need? Comment “BOOKS” below or book a call through the link in our profile. Let’s get your books ready for year-end!

10/24/2026

Small business owners, it’s your time to shine! Let’s meet the people behind the businesses in our community.

Whether you’re running a local shop, offering professional services, or building your business from the ground up, we want to hear about it!

Drop your introduction in the comments:
What do you do? Tell us about your business.
Who do you help? Let us know who your ideal customers are.
Where are you located? Share your city or community.

Once you’ve introduced yourself, take a moment to visit the comments, discover other small businesses, and show them some support. You might find your next favorite local business, future client, or valuable connection!

Let’s make this comment section a place where small businesses get seen, connections grow, and communities thrive.

Drop your business details below!

10/23/2026

October is flying by and your year-end to-do list isn’t getting any shorter.

Before the holiday rush takes over, now is the time to get your business finances in order.
Swipe through to see what needs your attention before year-end.

Behind on your bookkeeping? You’re not alone. But the longer you put it off, the more stressful it can become when deadlines start approaching.

We can help you get your books caught up, clean up discrepancies, and organize your financial records so you can head into year-end with greater confidence.

Don’t let messy books become another year-end headache. Get ahead while you still have time.
Comment “BOOKS” below or book a call through the link in our profile to learn more about our bookkeeping services.

10/23/2026

If you make a mistake on your tax return, it may be noticed by the IRS. Here are some of the most common causes.

October 15th marks the end of the 2025 tax filing season. Now the formal audit period for 2025 tax returns is underway. Here are some tips to be prepared.