SFW Partners, LLC

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SFW Partners, LLC For years, SFW Partners, LLC has been helping our clients continuously improve their business through accounting, auditing, tax and consulting services.

From your friends at SFW - Hope you all have a safe and Happy Labor Day Weekend!
09/04/2026

From your friends at SFW - Hope you all have a safe and Happy Labor Day Weekend!

Effective July 1, 2026, the standard mileage rate for the business use of an eligible vehicle is 76 cents per mile, up f...
08/31/2026

Effective July 1, 2026, the standard mileage rate for the business use of an eligible vehicle is 76 cents per mile, up from 72.5 cents per mile for the first half of the year. How will this increase affect your business vehicle expense tax strategy? Contact us to find out!

A new bill in the U.S. House would enable philanthropic organizations and states to make unlimited contributions to Sec....
08/28/2026

A new bill in the U.S. House would enable philanthropic organizations and states to make unlimited contributions to Sec. 530A accounts (also known as Trump accounts) on behalf of children in foster care. Currently, most 530A accounts aren’t eligible to receive unlimited contributions. If passed and signed into law, the Foster Youth Investment Act would create a new qualified class of children under state or tribal government guardianship. In June 2026, the Treasury Dept. authorized child welfare agencies to open 530A accounts for children in their care. Allowing unlimited contributions is considered the next phase in a larger goal to provide foster youth with greater financial security.

Do you want to dispute an IRS assessment or action? You have the right to escalate the dispute to the Independent Office...
08/26/2026

Do you want to dispute an IRS assessment or action? You have the right to escalate the dispute to the Independent Office of Appeals. This independent forum operates separately from the IRS and is designed to provide a fair and unbiased review. You must meet appeal criteria (https://bit.ly/4yXmMgR ) and make an appeal request in writing to the address the IRS specifies. Appeals conferences may be by mail, phone or video or in person. They usually end with Appeals making one of three determinations: 1) IRS position upheld, 2) taxpayer’s favor, or 3) compromise. Contact us for help with IRS disputes or if you’d like to submit your case to the Office of Appeals.

When is a lemonade stand not just a lemonade stand? If your child earns $400 or more annually in profit from a lemonade ...
08/24/2026

When is a lemonade stand not just a lemonade stand? If your child earns $400 or more annually in profit from a lemonade stand, lawn service or other self-employment, that income may be taxable. Kids may be able to deduct certain business expenses to lower their self-employment income and potential taxes. They also have several tax responsibilities, including filing a tax return and, possibly, making estimated payments. They’re generally allowed to sign their own return, but should get adult help to prepare it. In the meantime, make sure your child keeps good income and expense records. This will facilitate easier tax preparation.

There’s no shortage of uncertainty for today’s business owners. It’s impossible to predict every disruption, but stress ...
08/24/2026

There’s no shortage of uncertainty for today’s business owners. It’s impossible to predict every disruption, but stress testing can help you identify vulnerabilities before they become costly problems. This approach requires you to identify key risks, evaluate realistic scenarios with your leadership team and advisors, and develop plans to strengthen resilience, such as disaster recovery or succession planning. To stay responsive, review and update your stress tests annually based on changes to your business, industry or the broader marketplace. Contact us. We can help you strengthen your risk management strategy.

Businesses have long used bank lockbox services to accelerate collections and reduce work involved in processing checks....
08/18/2026

Businesses have long used bank lockbox services to accelerate collections and reduce work involved in processing checks. Now, technology enables lockbox users to automate many accounts receivable procedures. But other electronic payment methods, including ACH and credit cards, may provide less expensive, yet effective, solutions. To determine what makes sense for your organization, evaluate the volume of paper checks you receive. If it’s high, you might benefit from a lockbox service. Otherwise, consider accepting paper checks while steering customers to electronic methods. Talk to your bank about its services, and contact us for help calculating your current payment-processing costs.

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational f...
08/18/2026

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational fraud. However, organizations with strong antifraud controls — including external financial statement audits and surprise audits — generally experience lower fraud losses and detect fraud more quickly than organizations without those safeguards. Audits don’t provide a guarantee against fraud, but they can help reveal anomalies and errors and identify weaknesses in your business’s controls. If you have questions about your business’s fraud risks or you’d like to discuss our audit and forensic accounting services, contact us. We can help strengthen your fraud defenses.

As the cost of gasoline continues to rise, President Trump is calling for a temporary suspension of the federal gas tax....
06/01/2026

As the cost of gasoline continues to rise, President Trump is calling for a temporary suspension of the federal gas tax. Currently, the national tax is 18.4 cents per gallon for gas and 24.4 cents per gallon for diesel. An average of 51 cents in taxes and fees is added to every gallon of gas, with some revenue going to the state levying the tax and the rest to federal coffers. On May 12, 2026, the average price of a gallon of regular gas is $4.50, up from roughly $3.14 a year ago, according to AAA. A cost reduction of 18.4 cents would lower the current average by around 4%. Note that a suspension of the tax requires Congress to pass legislation. Stay tuned.

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is con...
05/29/2026

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is considered passive according to the IRS’s passive activity loss rules.

Under these rules, you generally can use passive losses only to offset income from other passive activities. If you meet certain “material participation” criteria, however, you may be able to offset LLC or LLP losses against nonpassive income, such as wages, interest, dividends and capital gains — but the rules can be complex, especially for limited partners.

Contact us for guidance on tracking your participation hours, applying the material participation test and maximizing business loss deductions.

Address

1610 Des Peres Road, Suite 300
Des Peres, MO
63131

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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