LRS Consulting Inc.

12/27/2025

Does your have employees who receive tips or work overtime? For tax year 2025, the and Treasury are giving employers penalty relief on information reporting requirements for qualified overtime and cash tips. This transition period gives more time to employers so they can update their systems or put procedures in place.

Get the latest details on this change under the One, Big, Beautiful Bill at
https://ow.ly/3pSn50XAVry.

12/25/2025

Merry Christmas! Wishing you a very happy holiday and reminding you we wil be closed December 25th and 26th.

12/24/2025

12/22/2025

First Day of Winter

12/20/2025

Whether you currently participate in a Health Savings Account (HSA) or you're interested in getting one, changes under the One, Big, Beautiful Bill have expanded eligibility requirements. This opens the door for more people to save and pay for healthcare through this tax-free benefit. New guidance from and Treasury explain the changes.

Find out more about HSA eligibility changes at https://ow.ly/JjWq50XGSKe.

12/19/2025

Any day is a special day to bake cookies for the Christmas Holiday! 🍪

12/18/2025

Online Accounts are for more than just individuals. They have accounts available for businesses and like us, too. This tool can help you save time by accessing your tax records, reviewing notices, making payments and more, all in one place.

Create an account today at www.irs.gov/account.

12/18/2025

Time to start getting your tax information gathered. Especially those who need to send out 1099's.

12/16/2025

National Cupcake Day?😋

12/15/2025

The IRS website got a refresh!

Online accounts for individuals, businesses, and tax professionals are now featured prominently on the website.

Haven’t signed up for yours yet? With an online account, you can:

* View prior-year returns and other tax records, including your adjusted gross income, or AGI (which you’ll need for some tax software programs) and official IRS transcripts;
* Make payments, schedule future payments, enter into installment agreements, and review your payment history;
* Access or retrieve your Identity Protection PIN (IP PIN), a six-digit number that provides an extra layer of security against tax-related identity theft; and
* Authorize a tax professional, like a tax attorney, enrolled agent, or accountant, to view your tax records and talk to the IRS on your behalf without you having to sign Form 2848.

(And it's a lifesaver for tax pros.)

It's free, but you will have to verify your identity (which most commonly requires ID and a smartphone).

Head over to irs.gov for more details.

12/12/2025

National App Day December 11.

12/11/2025

The and Treasury issued updated guidance on how to claim a deduction for tips or overtime compensation for tax year 2025. : Make sure your clients are aware and ready for filing season. https://ow.ly/4EfN50XxBll