Peters & Chandler, PC

09/03/2026

Could missing home improvement records cost you later? 🏡
Qualifying improvements may reduce taxable gain when you sell your home. Keep receipts and project records now to avoid headaches later. https://bit.ly/4g8knZi

As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a large tax bill and a smaller one can come down to how well a homeowner documented capital improvements over the years. Keeping a....

08/27/2026

Can your business predict its next cash crunch? 💰
Cash flow forecasting helps you prepare before problems arise and make smarter business decisions.
Learn more: https://bit.ly/4wyrW09

Most business owners rely on backward-looking financials that tell them where they have been, not where they are going. A cash flow forecast fills that gap by projecting future inflows and outflows, helping leaders spot problems early and make smarter decisions about hiring, investing, and financing...

08/19/2026

First profitable year? 🎉 Don't let taxes catch you off guard. Plan for estimated taxes, protect cash flow, & stay ahead of payroll obligations. Smart planning now can prevent expensive surprises tomorrow https://bit.ly/3TRhPpE

Your first profitable year in business is worth celebrating. But it can also bring expensive tax surprises, especially if you're still managing the business like you did when revenue was lower. Here are the most common mistakes new business owners make and what to do instead.

08/17/2026

💙 Today we celebrate the nonprofits making a difference every day.
Your dedication, service, and commitment help strengthen communities and improve lives. Thank you for the impact you create.

08/10/2026

📚 Back to school is almost here! A little planning now can help families stay organized and ready for a successful year ahead. Wishing students, parents, and educators a great start to the new school season! 🍎

08/05/2026

💼 Do you own multiple business entities? The IRS may view transactions between them differently than you do. Learn why transfer pricing, documentation, and arm's length pricing matter: https://bit.ly/4vM4xIe

Business owners who move money, goods, or services between commonly controlled entities are subject to IRS transfer pricing rules, which require that intercompany transactions be priced as if they were conducted between unrelated parties. When those prices are not set correctly, the IRS has authorit...

07/31/2026

🌟 Big futures start with small opportunities. Happy National Intern Day to those learning, growing, and bringing fresh ideas to the workplace. Your effort and ambition make a difference every day 👏

07/28/2026

⚠️ Big tax deduction promised? Think twice.
The IRS continues to scrutinize conservation easement transactions. Know the warning signs before you invest. https://bit.ly/45eVEfk

Conservation easements have a legitimate place in tax and estate planning, but for years promoters have been packaging them into abusive investment schemes that have drawn IRS enforcement. If you've been approached with one of these arrangements, or if you've already participated in a prior year, th...

07/22/2026

📊 Know what your business is really worth.
A professional valuation can help with selling, succession planning, financing, and more.
Learn why it matters: https://bit.ly/4ffGP2d

Most business owners carry a rough estimate of what their company is worth, but that mental number is not a valuation, and the gap between the two can be costly. A formal, methodology-based business valuation is required in a wide range of situations, including selling or transferring a business, es...

07/16/2026

👨‍👩‍👧‍👦 Hiring family can lower taxes, but only when done right. Real work, reasonable pay, and proper payroll procedures matter. Learn how to capture the benefits while avoiding common mistakes. https://bit.ly/3T0Ru83

Hiring family members can create real tax advantages for small business owners, but the rules depend on entity type, relationship, age, reasonable compensation, and payroll compliance. Here’s what to know before putting relatives on payroll.