Donahue & Associates LLC

08/24/2026

https://www.irs.gov/newsroom/business-tax-account-gives-eligible-taxpayers-more-secure-convenient-ways-to-manage-federal-tax-obligations-online

IR-2026-87, Aug. 6, 2026 — The Internal Revenue Service today announced new and expanded features for Business Tax Account (BTA) users, giving eligible businesses and organizations more ways to view digital notices, make payments, and access and manage federal tax account information online.

08/03/2026

Trump Accounts
July 4, 2026, following their creation under the 2025 federal legislation. You can view and manage them via the official Trump Accounts portal.
• Launch Date: Contributions and full app capabilities opened on July 4, 2026.
• Government Contribution: A one-time $1,000 seed deposit is provided for eligible U.S. citizen children born between January 1, 2025, and December 31, 2028
• Annual Contributions: Parents, relatives, and employers can contribute up to $5,000 combined per year per child]
• Investment Structure: Funds are locked until the beneficiary turns 18 and are invested in low-cost U.S. equity index funds like the S&P 500.

IR-2026-33, March 6, 2026 —The Department of the Treasury and the Internal Revenue Service today issued proposed regulations providing general requirements for Trump Accounts, certain definitions relating to Trump Accounts, election rules to open an initial Trump Account by an authorized individua...

05/26/2026

WE ARE HIRING:
STAFF ACCOUNTANT & TAX PREPARER
Donahue & Associates LLC is searching for a dedicated Full-Time Staff Accountant to join our growing CPA firm in the local Milwaukee area. The ideal candidate will engage in tax return preparation and associated planning for a diverse portfolio of clients, as well as monthly accounting and financial statement preparation.
About Our Firm
At Donahue & Associates, we take immense pride in the quality of service we provide to our clients. We promise an experienced and dynamic team ready to meet their needs. Our professionals hail from both national accounting firms and various industries, bringing a wealth of knowledge and expertise. We believe in spending the necessary time to ensure our clients fully understand the invaluable services we offer, empowering them to make informed financial decisions.
Qualifications
• Previous experience is preferred
• Professional, reliable, and detail-oriented
• Bachelor’s degree in accounting is preferred but not mandatory
• CPA certification or candidacy is preferred
• Experience with QuickBooks is advantageous
Responsibilities
• Respond to client and firm associate requests in a timely and professional manner
• Prepare client communications, including correspondence, letters, and emails
• Prepare individual, business, and fiduciary tax returns and projections in accordance with firm and professional standards
• Prepare and review business accounting and financial statements per firm and professional guidelines
• Research tax and accounting issues
• Provide technical assistance and support to clients
Benefits
• Competitive Salary
• Annual Salary Reviews
• Flexible Work/Life Integration
• Pretax Pension and Health Benefits
Interested candidates should send a resume and salary requirements to [email protected].
No phone calls, please!

05/26/2026

Reminder: With June just around the corner, June 15th is the deadline for all second quarter estimated tax payments for both federal and state. Please make sure to mail in your voucher with payment by this date, or make the payment electronically at the following websites.
Federal Quarterly Extension Payment: https://directpay.irs.gov/directpay/payment?execution=e1s1
State (WI) Quarterly Extension Payment: https://www.revenue.wi.gov/Pages/OnlineServices/Pay.aspx

04/30/2026

Donahue & Associates believes in giving back! We recently participated in the Wisconsin Institute of Certified Public Accountants Educational Foundation’s Reading Makes Cents program.
Did you know April is National Financial Literacy Month? In conjunction, Drew Schuessler visited students at Eastbrook Academy to read a book about the basics of money. Future accountants learned about different ways to earn, save, spend, and donate money.