Lighthammer Bookkeeping Services

07/16/2026

Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds

Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds.

07/14/2026

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three years, rather than requiring them or their tax preparer to request relief for them.

The IRS will automatically waive certain penalties for eligible taxpayers with a strong compliance history. Learn who qualifies.

07/14/2026

Fuel costs are up, and the IRS just raised the 2026 business mileage rate mid-year — meaning more potential tax savings for your vehicle miles. 🚗💸 Curious how the new rates work and whether standard mileage or actual expenses is better for you? Check it out and make sure you’re not leaving deductions on the table.

The IRS announced a mid-year mileage rate increase for the second half of 2026. Discover the new rates and how to maximize your business vehicle deductions.

07/14/2026

Mid-year is the smartest time to get ahead of taxes—not December. A quick review now can uncover cash flow issues, missed deductions, and costly surprises before year-end sneaks up. Ready to make smarter moves for your business? Check it out.

Don't wait until December. Learn how proactive mid-year tax planning preserves cash flow, optimizes S-corp salaries, and prevents tax-proofs your business operations.

07/13/2026

Learn how the 180-day rule may allow certain 2026 capital gains to be deferred through a Qualified Opportunity Fund investment.

07/01/2026

Real estate books can get messy fast—especially when you’re juggling rentals, flips, payroll, and tax planning. The surprising part? Clean bookkeeping can reveal where your profits are really hiding. Read now to see how the right financial support can save time, stress, and money.

Specialized bookkeeping, payroll & tax solutions for real estate investors and realtors. CPA quality, tailored for your industry. Level up your business!

06/29/2026

Learn how short-term and seasonal home rentals can affect your taxes, including income reporting rules and available tax benefits.

06/22/2026

Need summer child care while school is out? Learn which child care expenses may qualify for valuable tax benefits for working parents.

06/18/2026

Launching July 4: Trump Accounts give eligible newborns (2025–2028) a $1,000 seed—but ID checks and paperwork can delay activation. Filed Form 4547 with your 2025 return? You may be fast-tracked. Learn the $5k cap, gift-tax gotchas, and who can open an account. Check it out.

Prepare for the July 4 Trump Accounts launch. Learn about the $1,000 seed, Form 4547 benefits, and gift-tax filing requirements for child savings.

06/16/2026

Thinking of turning a rental into your home? Great way to unlock equity — but beware: depreciation gets “recaptured” (and taxed), and time rented after 2008 can make part of your gain non‑excludable. Don’t get a surprise bill — find out how to plan ahead.

Learn how depreciation recapture and nonqualified use rules impact your taxes when converting a rental property into your home before selling.