Youngclaus & Company, PLLC

05/25/2026

Due to the holiday our office will be closed today, Monday May 25th.

We will resume regular office hours Tuesday May 26th.

05/19/2026

Unlock the power of Section 1202 QSB stock to achieve 100% tax-free gains. This guide details eligibility, holding periods, and the latest OBBBA updates for savvy small business investors.

Discover how Section 1202 QSB stock can provide 100% tax-free gains. Learn eligibility rules and OBBBA updates from the experts at Youngclaus & Co.

05/11/2026

Explore how the 2026 tax legislative updates will reshape your financial strategy. Learn about key changes to SALT deductions, AMT, and business taxes to ensure you stay ahead of the curve.

Prepare for 2026 tax changes. Explore new provisions for SALT deductions, AMT, charitable giving, and business tax strategy for smarter planning

05/07/2026

Stay ahead after tax season with practical tips to organize documents, review finances, adjust tax strategies, and set yourself up for a smoother filing experience next year.

Smart after-tax-day tips to organize records, adjust withholding, and prepare for next year’s taxes with less stress.

04/16/2026

We will be closed on Friday April 17th for a much needed rest day!

The office will reopen on Monday April 20th

Thank you for understanding!

02/06/2026

Stay informed on the latest tax filing requirements for pass-through entities. This guide covers crucial deadlines, K-1 reporting, and the 2025 tax law changes impacting S corps and partnerships.

Stay updated on the March 16 deadline, Schedule K-1 requirements, and 2025 tax law changes like bonus depreciation for S corps, LLCs, and partnerships.

02/04/2026

Important 2026 tax figures for businesses.

A new year brings many new tax-related figures for businesses. While bonus depreciation remains at 100%, the Sec. 179 expensing limit increases to $2.56 million for 2026, with the phaseout threshold at $4.09 million. The income ranges over which the Sec. 199A qualified business income deduction limitations phase in also increase. For 2026, they’re generally $201,750 – $276,750, double those amounts for married couples filing jointly. But under tax legislation signed into law in 2025, the threshold for the excess business loss limitation drops significantly for 2026, to $256,000 (double that amount for joint filers).

01/29/2026

Not all “business” expenses are tax deductible. With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think. Most business deductions aren’t specifically listed in the Internal Revenue Code (IRC). The general rule is what’s stated in the first sentence of IRC Section 162, that you can write off “all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.” In addition, you must be able to substantiate the expenses.

01/27/2026

Is your business ready for the tax deadline that’s on Groundhog Day this year?

Businesses: Don’t cast a shadow over tax filing season by missing an important deadline that falls on Groundhog Day this year. Normally, by Jan. 31, businesses must furnish Forms W-2 to employees and file them with the Social Security Administration to show wages paid and taxes withheld for the previous year. But in 2026, that date falls on a Saturday. So the deadline is the next business day: Monday, Feb. 2. That deadline also applies to Form 1099-NEC. You generally must provide it to independent contractors who were paid $600 or more in 2025 to report nonemployee compensation and file it with the IRS. (The threshold will increase to $2,000 for payments made in 2026.)

01/07/2026

The IRS has released initial guidance on Trump Accounts, outlining eligibility, contribution rules, and tax considerations for this new savings option designed for children and families.

Learn key IRS guidance on Trump Accounts, a new tax-advantaged savings vehicle for children under 18 and upcoming rules beginning July 2026.