Sams Financials & Taxes

Sams Financials & Taxes Welcome to Sams Financials & Taxes Accounting firm licensed in AL.

If you are looking for a blend of personal service and expertise, you have come to the right place!

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The...
07/15/2026

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The deduction is available for certain personal auto loans originated after Dec. 31, 2024 — even if you don’t itemize deductions. Modified adjusted gross income (MAGI) limits apply, and only qualifying vehicles assembled in the U.S. are eligible. Before purchasing, consider whether eligibility for the deduction should factor into your vehicle choice. We can help run the numbers. Call us at (407) 780-0943.

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts...
07/13/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (407) 780-0943 for help.

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but ...
07/10/2026

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but there are a few tax-related chores you need to consider. For example, next year, for 2026, you’ll be filing your first tax return as a married person. That could affect the amount of tax you should have withheld from your paycheck. Use the IRS Withholding Estimator to check. Then provide your employer with a new Form W-4. If your last name has changed, notify the Social Security Administration, which will inform the IRS. You and your new spouse should also review financial accounts, insurance coverage, estate plans and tax strategies. We can help. Contact us at (407) 780-0943.

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. Wh...
07/08/2026

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. When your books are current and reliable, it’s easier to manage cash flow, identify operational issues and jump on growth opportunities. Contact us at (407) 780-0943 for help streamlining your financial reporting processes and reducing year-end surprises.

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the ...
07/06/2026

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the year, along with any significant life changes, may uncover strategies to reduce your taxes. Start the conversation before year-end for more time to take tax-saving steps. And if you extended your 2025 return, we can help you file before the Oct. 15 deadline. Call us at (407) 780-0943 to schedule an appointment.

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a bu...
07/03/2026

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a business, one key decision is choosing its structure, commonly sole proprietorship, C corporation, S corporation, partnership or limited liability company. In addition to owner liability variations, all have different tax requirements that can affect everything from hiring to cash flow to owner income. Another critical decision is choosing a tax year — either a calendar year or a fiscal year (12 consecutive months ending on the last day of any month except December). Call us at (407) 780-0943. We can help you make the best decisions for your current situation and your business’s future.

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing ...
07/01/2026

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing to loan money only to successful business owners. On the other side is the business owner, who needs the funds to grow and be successful! To avoid this paradox, approach a loan as a partnership rather than a provider-customer interaction. After all, if you were going into business with someone, you’d want to clearly understand their vision for the venture. Contact us at (407) 780-0943 for help effectively presenting your business plan and financials to prospective lenders.

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift ...
06/29/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (407) 780-0943 for more details.

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss infor...
06/26/2026

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss information to selling partners by January 31. This deadline had become a contentious issue. The tax code requires that any portion of a partnership’s sale proceeds attributable to the partner’s share of unrealized receivables and inventory items be reported as ordinary income. Other sale proceeds are generally taxed as capital gains. But partnerships complained that the reporting deadline was hard to meet. Now, partnerships can provide such information to partners according to their natural end-of-year tax compliance cycle, on or with Schedule K-1. Contact us at (407) 780-0943 to discuss this and other tax filing requirements for partnerships.

Address

5525 Lea Anne Circle
Pinson, AL
35126

Opening Hours

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

Telephone

+14077800943

Website

Alerts

Be the first to know and let us send you an email when Sams Financials & Taxes posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Sams Financials & Taxes:

Shortcuts

Share

Category