J T Clark CPA, LLC

09/04/2026

Do you look at your paystub? Do you know how much federal, state, and other withholding is being taken out? Is it enough?

Sept 7-11 is "National Payroll Week" and the IRS is reminding taxpayers to check their withholding.

IR-2026-105: IRS reminder: National Payroll Week is time for a paycheck checkup Internal Revenue Service (IRS) sent this bulletin at 09/04/2026 11:10 AM EDT IRS Newswire September 4, 2026 Issue Number: IR-2026-105 Inside This Issue IR-2026-105, Sept. 4, 2026 WASHINGTON — The Internal Revenue Servi...

09/02/2026

JT Clark CPA was proud to have Josh participate in this year’s golf outing hosted by Hospice of Lansing! It was a great opportunity to connect with local professionals and enjoy a day on the course.

09/02/2026

Are you getting the most out of your S‑Corporation tax strategy?
Did you make the election, put yourself on payroll, and stop there?

Our S‑Corp Tune‑Up Tax Planning Package is a comprehensive review designed to help business owners uncover tax‑saving opportunities related to compensation strategies and potential deductions before they become missed opportunities.

Flat fee: $750

What’s included:
• Entity & Compliance Verification
• Reasonable Compensation Review
• Federal Tax Advantage Review
• State/Local Tax Advantage Review
• Shareholder Tax Advantage Review
• Personalized implementation steps

A proactive tax plan can help reduce surprises, improve cash flow, and ensure you’re getting the savings you signed up for when you elected S‑Corp status.

Schedule your S‑Corp Tune‑Up today and gain confidence that your tax strategy is working as hard as you are.

Contact us at (517)-992-5550 or [email protected] to get started.

08/28/2026

📢 New IRS Update: Trump Accounts for Children Under 18

The Treasury Department and IRS have released proposed regulations for the new Trump Accounts, a tax‑advantaged investment option designed to help families save and invest for children under age 18.

These accounts are part of the Working Families Tax Cuts and will allow parents or guardians to contribute to an investment account with specific IRS‑approved investment options.

The IRS has outlined what types of investments will be eligible, including certain publicly traded stocks, bonds, mutual funds, and regulated financial products.

You can read the official IRS update here:

IR-2026-96, Aug. 20, 2026 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations on eligible investments for Trump Accounts, a new type of traditional IRA under the Working Families Tax Cuts.

08/21/2026

Welcome Josh to our team!
Joshua graduated from Cleary University in May 2026 with a BBA in Accounting and Finance, concentrating in Public Accounting. While at Cleary, he was a dedicated student athlete and played baseball. Joshua joined the firm in June 2026, marking the start of his professional journey in accounting. He is known for his determination, strong work ethic, and commitment to getting things done the right way. Joshua enjoys helping clients and supporting his team, always willing to go the extra mile to ensure accurate, high quality results. Outside of work, Joshua coaches baseball at Haslett High School and enjoys collecting Legos, golfing with friends, and playing video games. He is a passionate fan of the Detroit Tigers, Michigan State basketball and football, and the Detroit Lions.

To contact Josh, please email [email protected]

08/17/2026

The IRS has officially announced new optional standard mileage rates that taxpayers can use to calculate deductible vehicle expenses. These updated rates reflect recent increases in fuel prices and apply to mileage driven on or after July 1, 2026.

https://www.irs.gov/pub/irs-irbs/irb26-29.pdf?prodddocc7

📌 New Mileage Rates (Effective July 1, 2026)
Business mileage: 76 cents per mile

Medical & moving mileage: 23.5 cents per mile

Charitable mileage: 14 cents per mile (unchanged — set by law)

📅 What This Means for You
If you use your vehicle for business, medical travel, or qualified moving purposes, your deductible mileage rate may increase starting July 1. This can have a meaningful impact on your tax return, especially for small‑business owners, contractors, and anyone who logs significant business miles.

Mileage driven before July 1, 2026 should still use the previous rates.

🧾 Keep Your Records Clean
To take advantage of these updated rates, make sure you’re tracking:

Date of each trip

Purpose of travel

Starting and ending mileage

Total miles driven

Accurate logs = accurate deductions.

💬 Need help determining which method saves you more?
We can help you decide whether the standard mileage rate or the actual expense method gives you the best tax benefit.

If you have questions about how these new rates affect your 2026 tax planning, we’re here to help.

07/31/2026

Have you looked at your paystub lately? Do you trust that the right amount of withholding is being taken? Have you updated your W4 form lately? Did the result make sense? Summer is great time for a tune-up on withholding, deductions, deferrals, etc. Contact us for a withholding checkup today!

07/29/2026

Expanded deductions for charitable contributions in 2026! It's important to keep good records. Here's what the IRS advises:

Tax Tip 2026-57, July 23, 2026 — Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions.

07/14/2026

Employers: MiUI account must be active for tasks

The UIA is reminding all employers who have not yet activated their MiUI accounts to do so as soon as possible. An active MiUI account is essential for performing all MiUI for Tax functions and for granting access to any Third Party Administrators (TPAs) you may work with.
Activating your account now is especially important as the UIA prepares to launch MiUI for Benefits later this year. Employers who use a TPA for benefits will also need to ensure their TPA has access to their MiUI account once the system goes live.
Failing to activate your account — or failing to grant access to your TPAs — could create challenges when benefits functions launch. Without proper access, employers may miss opportunities to protest or appeal benefit charges and could end up paying benefits they may have intended to contest.
To get started with MiUI account activation, check out MiUI University. https://www.michigan.gov/leo/bureaus-agencies/uia/miui-university?utm_medium=email&utm_source=govdelivery

If you need to reactive your account, or aren’t sure if your account is active, check out the MiUI FAQs page.
https://www.michigan.gov/leo/bureaus-agencies/uia/miui-university/miui-faq/miui-for-employers
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01/10/2026

It's time to gear up for tax season. The IRS announced that the first day to e-file individual returns this year will be Monday, January 26. In the meantime, we're busy getting 1099's and business taxes underway. Did you know businesses are due earlier than individuals, on March 15?

IR-2026-02: IRS announces first day of 2026 filing season; online tools and resources help with tax filing Internal Revenue Service (IRS) sent this bulletin at 01/08/2026 11:05 AM EST IRS Newswire January 8, 2026 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts F...