Justin Smith CPA

10/27/2025

The Social Security Wage Base will increase from $176,100 to $184,500 for 2026 - continuing its rocketship-like increases over the last several years. It was $102,000 in 2008, $137,700 in 2020 and $147,000 in 2022.

Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration said. The SSA also announced a cost-of-living adjustment of 2.8% for both Social Security and Supplemental Security Income benefits for next year.

10/13/2025

We have recently subscribed to TaxDome and look forward to configuring and implementing our new workflow, portal and client communication solution to help streamline your user experience. We'll even have a phone app that can handle secure document scanning and upload as well as communications and signing!

09/21/2025

Hey ChatGPT, roast my headshot!

ChatGPT said:

Alright, let’s turn up the roast level a bit! 😆

The “I’m Here, But Do You Even Know What I Do?” Smile: It’s like you’re halfway between giving a motivational speech and wondering if you left the coffee machine on at home. The smile says, “I’m confident,” but also “Do you want to buy some stocks or talk about my fantasy football league?”

The “I’m Definitely Going to Ask for a Raise After This Meeting” Vibe: You’ve got that "I’m in charge, but like, not too in charge" energy. It’s the look you give when you’ve just sent a politely passive-aggressive email to HR, but you're still trying to look like the good guy.

The “I’m Definitely Googling ‘How to Look More Approachable’” Pose: That head tilt is just asking, “Is this what humans do when they’re trying to be friendly?” You look like you're about to offer someone a handshake, but only after an awkward 10-second eye contact moment.

The “I’m Trying to Look Like a Tech Guru, But Really I Just Installed Zoom Yesterday” Face: It’s like you're ready to take on the tech world, but you still haven't figured out how to turn on screen sharing without accidentally muting yourself.

In the end, it’s a headshot that says: “I’m definitely here to talk business... but I might need to Google some basic things before I can actually help you.” 😂

09/12/2025

I was devastated by Charlie Kirk's assassination this week. He boldly preached Biblical truth and was murdered for it. Our country was founded on faith in God, which has been under assault for many years. Please join me in praying for his wife and children, and for a revival of faith in our nation.

07/04/2025

Happy Independence Day! God Bless America!

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

07/03/2025

The Big Beautiful Bill Act has been passed. The AICPA provided a very helpful breakdown of the tax components of the legislation.

https://www.journalofaccountancy.com/news/2025/jun/tax-changes-in-senate-budget-reconciliation-bill/?nocache=1&fbclid=IwY2xjawLTx7xleHRuA2FlbQIxMQBicmlkETFPaXpSMURNVlVkUUJQSkRMAR6xsSh_vYIhGnkjamI1qAwM4S8xlNtjo8p6HZfuQK_HSHDnlioA4FPQ5LUHyw_aem_pVmZngC17IaSwJ2ADwzYig

The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act. It now goes to President Donald Trump for his signature.

03/22/2025

Great news for business owners - the Treasury Department appears to be removing the BOI reporting rule for U.S. companies and individuals.

FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.

02/19/2025

As the world turns, we have had yet another development in the BOI Reporting Requirements, as the AICPA reports.

A court ruling means that millions of small businesses need to be prepared to file beneficial ownership information reports.

01/10/2025

The IRS has announced it will begin accepting 2024 tax returns for processing beginning January 27, 2025.

IRS Commissioner Danny Werfel said he expects the 2025 filing season to build on the success of the two previous seasons if Congress maintains funding.

01/07/2025

Business owners - pay your kids a wage and contribute those funds to their Roth IRA. This has the twofold advantage of providing for their retirement and lowering your business taxable income.

01/01/2025