Fields, Nemec & Co, PC

06/01/2026

Today’s finance and accounting (F&A) teams are under significant pressure. Tight deadlines, lean staffing, evolving regulations and growing compliance demands can lead to burnout, errors and turnover. Retention isn’t just about compensation. Practical operational improvements can make a real difference. Consider automating repetitive tasks, clarifying approval workflows, cross-training staff to ease bottlenecks and leveraging external resources during peak times. When your F&A team has the right structure and support, they’re more productive, accurate and engaged. Call us at (361) 883-7475 to brainstorm cost-effective ways to strengthen your financial operations.

05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (361) 883-7475 to discuss whether this change will affect your company and how to plan accordingly.

05/29/2026

At FNC, we believe strong firm culture matters just as much as strong client service.

We recently held our post-tax season State of FNC event at Fifth & Elm in Portland, giving our team the opportunity to reconnect, hear updates from leadership, and reflect on the direction the firm is headed.

Once the serious business was out of the way, we shifted into fiesta mode with great food, a friendly yet competitive game of lotería, games, and plenty of laughs.

We also recognized Erica Dickman for her one-year anniversary at FNC as part of Navigation Financial. Congratulations, Erica, and thank you for all you do. 💙

Events like these are a chance to step away from the day-to-day, reconnect with colleagues, and celebrate the people who make FNC what it is.

05/27/2026

Every business deserves an advisor who understands its goals and challenges. Our client-first approach combines responsive service with a comprehensive understanding of the latest tax, accounting and regulatory developments. Let’s explore strategies that help your business manage risks, seize opportunities and grow. Call us at (361) 883-7475 to get started.

05/26/2026

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or are starting from scratch, we can help craft a strategy that reflects your personal situation and addresses your goals. So start thinking about what’s important to you: Building a big nest egg, reducing income tax liability, something else … We’re here to help make it possible!

05/25/2026

For small business owners, tax planning shouldn’t be a once-a-year chore. It affects nearly every business decision you make. From how you pay yourself to when you invest in equipment, the right moves can lower your tax bill … and the wrong ones can cost you. With major tax law changes taking effect in 2026, now’s the time to be proactive, not reactive. We can help you understand which strategies, deductions and credits matter most for your business. Call us at (361) 883-7475 to learn how smart planning today can lead to long-term tax savings.

05/22/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (361) 883-7475.

05/20/2026

The May newsletter from Fields, Nemec & Co. is here. Take a look at this month’s updates and insights on tax, accounting, and business planning

When bookkeeping and tax preparation are handled by the same firm, the process is often more efficient, more accurate, and far less stressful. Tax season tends to go more smoothly when your financial records are already current and organized. If you want fewer surprises and a more streamlined proces...

05/20/2026

While the thresholds for the 3.8% net investment income tax (NIIT) have remained unchanged since the NIIT went into effect in 2013, taxpayer incomes have generally grown significantly. So more taxpayers are getting hit with this additional tax. The NIIT applies to the lesser of your net investment income or the amount by which your modified adjusted gross income exceeds the applicable threshold. And it kicks in long before the top short- and long-term capital gains rates apply. We can help you manage potential NIIT exposure. Contact us at (361) 883-7475.