Krystal Carroll CPA

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Krystal Carroll CPA From bookkeeping to taxes to full CFO services, Krystal Carroll, CPA is here to take care of you.

Selling at a loss to lower your capital gains, then buying that same stock back a week later?Yeah... the IRS is putting ...
10/21/2026

Selling at a loss to lower your capital gains, then buying that same stock back a week later?

Yeah... the IRS is putting the kibosh on that! 🫠

That move can trigger the wash-sale rules, and it can delay when you're able to deduct your loss.

A wash sale looks at a 61-day window: 30 days before the sale, the date of the sale, and 30 days after the sale.

And no, buying it back in a different account (or even your spouse's account) isn't hiding a wash sale. No points for creativity here!!

Ready to get fancy with your tax strategy? Love it (just please call me before you do anything!).

Wondering if an HSA makes sense for you in 2027? Here's what you need to know! ↓2027 CONTRIBUTION LIMITS:$4,500 β†’ self-o...
10/20/2026

Wondering if an HSA makes sense for you in 2027? Here's what you need to know! ↓

2027 CONTRIBUTION LIMITS:

$4,500 β†’ self-only coverage
$9,000 β†’ family coverage
Extra $1,000 β†’ if you're age 55+

And employer contributions count towards these limits.

Generally, to contribute to an HSA, you need to:

β†’ Be on an HSA-eligible health plan with no disqualifying additional coverage
β†’ Not be claimed as a dependent
β†’ Not be enrolled in Medicare

Also, having coverage under a general-purpose health FSA can make you ineligible.

The federal tax benefits of HSAs can be great! But you need to factor the premiums, deductible, out-of-pocket maximums, and employer contributions into your decision.

At Krystal Carroll CPA, we're not regular accountants; we're ~cool~ accountants...And by "cool", I mean you don't have t...
10/19/2026

At Krystal Carroll CPA, we're not regular accountants; we're ~cool~ accountants...

And by "cool", I mean you don't have to stress about the status of your return, how much it's going to cost you, or whether you'll get a chance to ask questions before we file. πŸ€“

These are the types of things that make my heart skip a beat... 😳But then I immediately hop into action because no, it's...
10/18/2026

These are the types of things that make my heart skip a beat... 😳

But then I immediately hop into action because no, it's not the first time I've heard them, and yes, I know what steps your small business needs to take to make things right! πŸ™‚β€β†•οΈ

I, myself, am guilty of saying that a big tax refund is basically just giving Uncle Sam an interest-free loan...But ther...
10/17/2026

I, myself, am guilty of saying that a big tax refund is basically just giving Uncle Sam an interest-free loan...

But there's a specific scenario I want to share today where getting a big tax refund doesn't necessarily mean you overwithheld or overpaid.

In fact, *this* is specifically built into our tax system to result in a refund: refundable credits.

When it comes to refundable credits like the Earned Income Tax Credit or Premium Tax Credit, even if they reduce your tax liability to $0, whatever amount of the credit is left over is added to your refund.

Want to worry less about the tax nitty-gritty and just feel good knowing you've got a CPA who cares about these types of things? I can make that happen! 😏

Being the boss isn't always super glamorous, but there are a few perks of the gig for sure! 😏Happy National Boss's Day t...
10/16/2026

Being the boss isn't always super glamorous, but there are a few perks of the gig for sure! 😏

Happy National Boss's Day to all my small business owners out there making boss moves!

Yepppp, if you extended your personal tax return, it's due TODAY!Don't want to be scrambling to file your taxes at the v...
10/15/2026

Yepppp, if you extended your personal tax return, it's due TODAY!

Don't want to be scrambling to file your taxes at the very last minute?

Become a Krystal Carroll CPA client. πŸ™‚β€β†•οΈ

Let me paint a picture for you: it's October and you're deep in Black Friday + Halloween + holiday planning (just like y...
10/14/2026

Let me paint a picture for you: it's October and you're deep in Black Friday + Halloween + holiday planning (just like your contractors). πŸŽƒ

November rolls around, and you're busier than ever, and December? Good luck getting a hold of you!

Oh yeah, same goes for your contractors! πŸ‘€

It's not that they want to ignore you the last few months of the year; we all just get busyyyy!

So when you start trying to get those loose ends, like W-9s from your contractors in December, you're too late...

Moral of the story: now is the time to make sure you have W-9s from all the contractors you've paid in 2026.

Duplicate transactions aren't normally something I'd panic about in your bookkeeping because they're SO easy to catch + ...
10/13/2026

Duplicate transactions aren't normally something I'd panic about in your bookkeeping because they're SO easy to catch + correct...

But if ~someone~ isn't regularly reconciling your accounts, those pesky duplicates can haunt your books for waaay longer than any business owner would want. πŸ‘€

Address

1308 East Main
Madisonville, TX
77864

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 8am - 5pm
Friday 9am - 5pm

Telephone

+19363490237

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