Pinell & Martinez, CPAs

02/05/2026

The IRS increased the mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from the 2025 rate of 70 cents. Use of the standard mileage rate is optional. Taxpayers may instead choose to calculate the actual vehicle costs. We can assist you with calculating the deduction method that will benefit you the most. Contact us for assistance with your tax planning and tax return filings.

02/03/2026

Paper Checks from the IRS are on the Way Out

The IRS began phasing out the use of paper checks for refunds to individual taxpayers at the end of September 2025. According to the IRS, phasing out paper checks will protect taxpayers since that form of payment is 16 times more likely to be lost, stolen, or altered. The order also applies to payments made to the IRS by paper check, which the IRS will issue guidance on at a later date. Until further notice, taxpayers should use existing payment forms and procedures.

02/10/2025

In general, partnership distributions do not result in taxable transactions. However, certain distributions of money or property from the partnership does - such as: distribution of money in excess of the basis in the partnership interest; a distribution of marketable securities; a reduction in share of partnership liabilities; as well as others. For tax planning advice, contact Pinell & Martinez, CPAs.

01/24/2025

A nationwide federal court order barring enforcement of beneficial ownership information (BOI) reporting requirements remains in effect, according to the legal team that filed the case, despite a Supreme Court ruling Thursday, January 23 in a separate BOI case. Under the CTA, which Congress passed in 2021 as an anti-money-laundering initiative, reporting companies must disclose the identity and information about beneficial owners of the entities though FinCEN.

01/06/2025

Cybersecurity threats are on the rise for businesses of all sizes. One of the most common we are noticing is business email compromise. Companies must adopt a skeptical-first approach when opening emails and focus on continuously educating their workforce. Why are small businesses most vulnerable?

Cyberattacks on small and medium businesses present a serious threat. Learn why SMB cyberattacks are such a big problem, the kinds of threats SMBs face, and how to protect your organization.

12/17/2024

Want to maximize your check? Work 35+ years, delay applying for benefits, and consider claiming spousal benefits. Social Security is just one piece of the puzzle—remember to diversify your retirement income sources!
To learn more on how to maximize your Social Security check in 2025, you can read more here ⬇️

For who rely solely on income, it’s getting harder and harder to make ends meet. But there’s good news: there are ways to increase your monthly check, whether you currently collect Social Security or are looking ahead to the time when you will. This article shows you...

12/09/2024

💡 Year-End Tax Planning Pro Tips!
Maximize your tax strategy before December 31st:
✅ Contribute to retirement accounts
✅ Harvest investment losses
✅ Review charitable donations
✅ Check flexible spending account balances and HSA contributions

A little planning now can save you big on your tax bill! Consult Pinell & Martinez, CPAs for personalized advice.

12/02/2024

December is here! As 2024 comes to a close, we encourage you to remember these important tax dates coming up on the 15th and 16th!

12/02/2024

As we prepare for the holiday season, thieves look for ways to file fraudulent tax returns with our personal information. This National Awareness Week, and the Security Summit are highlighting steps you can take to protect your personal information.

Learn to recognize common scams and cyber threats at www.irs.gov/securitysummit

11/27/2024

🦃 Grateful for another incredible year of amazing clients! Wishing you and your family a joy-filled Thanksgiving surrounded by loved ones. Here's to gratitude, connection, and continued success together. 🍂

11/25/2024

Santa's not the only one making a list and checking it twice - budget wisely this holiday season! Smart spending = more joy, less stress. 🎄