Hays CPA LLC

07/20/2026

Think your S corp salary can stay the same year after year? That could be a costly mistake. As your business grows, your “reasonable compensation” should grow too—especially if you want to stay IRS-compliant and protect your tax strategy. Read now to see why updating your owner pay matters.

Reasonable compensation should evolve as your business grows. Learn why S corporation owners should review salary, distributions, and tax planning regularly.

07/20/2026

Big tax change ahead for retired first responders: starting in 2027, certain service-connected disability pensions may become federally tax-exempt. Curious how this could affect your retirement income, withholding, and AGI? Read now to see what to watch for and how to prepare.

Learn how the 2027 federal tax changes exempt service-connected disability pensions for retired first responders and how to prepare your tax strategy today.

07/20/2026

Retired disabled first responder? A new federal law may make certain disability pensions tax-free beginning in 2027. Watch this video to learn what it could mean for you.

07/17/2026

New York businesses aren’t all facing the economy the same way—some are growing fast, while others are tightening cash flow. The right tax strategy depends on your real numbers, not headlines. Find out how to protect cash, reduce surprises, and plan smarter for 2026. Read now.

Is your Staten Island business growing or slowing? Align your 2026 tax strategy with actual cash flow. Contact Hays CPA LLC for proactive advisory.

07/16/2026

Did you know IRS tax debt doesn’t start counting down when you file? The 10-year collection clock begins at assessment—and certain actions can pause it. Learn what may be stopping the clock and how to protect your finances. Read now.

Understand how the IRS 10-year collection statute expiration date (CSED) works, tolling rules, and strategies to resolve tax debt.

07/16/2026

Choosing the right business entity isn’t just about taxes today—it can shape your growth, hiring, and exit strategy tomorrow. In some cases, a C corporation may offer surprising advantages for reinvesting profits, benefits, and even future investment. Read now to see which structure could support your next stage of growth.

Compare S Corporations and C Corporations beyond simple tax rates. Learn how QSBS, reinvestment, and capital plans shape your corporate structure.

07/16/2026

This , we're taking a moment to send a huge THANK YOU to all our clients and followers! 💖 Your trust are the foundation of everything we do, and we're so grateful for your support.

Share what you're thankful for today in the comments! 👇

07/14/2026

Good news for taxpayers: the IRS is rolling out automatic penalty relief for some late filings and payments—no extra paperwork needed if you qualify. But there are limits, and not every penalty is covered. Find out what’s changing and what it could mean for you. Read now.

Find out if you qualify for the IRS's new Automatic Exemption from Penalty (AEP) program and how it protects Staten Island businesses.

07/13/2026

Big IRS mileage update for 2026! 🚗 Starting July 1, the business standard mileage rate rises to 76.0 cents per mile—so your deductions may change mid-year. Learn what it means for your business, what expenses are covered, and how to stay tax-ready. Read now.

The IRS increased the 2026 standard mileage rate mid-year. Learn how this affects your business vehicle deductions, tax strategy, and required recordkeeping.

07/13/2026

Capital gains planned for 2026? A little-known timing rule could push your QOF opportunity into 2027—and that may open the door to smarter tax deferral and better cash flow planning. Find out how the 180-day window works and why July 5 matters. Read now.

Learn how the 180-day rule impacts Qualified Opportunity Fund investments in 2026 and why delaying capital gains to 2027 could maximize your tax benefits.