KHL Bookkeeping LLC

05/25/2026

05/11/2026

How to Factor Tax Law Changes Into Your Year-End Financial Statements

The OBBB: How to Factor Tax Law Changes Into Your Year-End Financial Statements

In July 2025, significant changes to the federal income tax rules were signed into law. While the OBBB primarily grabs attention from a tax compliance angle, they may also have significant financial reporting implications — even though some changes don’t go into effect until 2026 or later.

Businesses must address the effects of the changes under the One Big Beautiful Bill Act (OBBBA) in their 2025 financial statements. For many companies, that will be a complex task. Here are the details.

https://www.hoodstrong.com/en/insights-resources/how-to-factor-tax-law-changes-into-your-year-end-financial-statements

While OBBB rules primarily grab attention from a tax compliance angle, they may also have financial reporting implications.

04/27/2026

Tax Cuts and Jobs Act: A comparison for businesses

The Tax Cuts and Jobs Act ("TCJA") changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.

Some provisions of the TCJA that affect individual taxpayers can also affect business taxes. Businesses and self-employed individuals should review tax reform changes for individuals and determine how these provisions work with their business situation.

https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses

The Tax Cuts and Jobs Act changed deductions, depreciation, expensing, tax credits and other things that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.

04/06/2026

Getting Your Business Tax-Ready in 2026: Bookkeeping Habits That Support Taxes and Financing

As tax season approaches, it’s the ideal time for business owners to take a closer look at their books. Proactive financial cleanup before filing deadlines not only reduces stress—it also plays a critical role in how lenders view your business when you’re ready to seek capital.

https://fscfirst.com/blog/getting-your-business-tax-ready-in-2026-bookkeeping-habits-that-support-taxes-and-financing/

FSC First is dedicated to empowering emerging and established businesses through innovative financing solutions, strategic coaching, and practical tools for long-term growth. Through our Level Up program, business owners gain access to expert-led education designed to strengthen financial foundation...

03/23/2026

Mastering Bookkeeping in 2026: Bookkeeping Tips for Small Businesses

As we step into the new year, we look to the future with optimism and zeal. A future that promises a financially healthy business and compliance with all legal and tax obligations. It goes without saying that this is only possible with seamless and meticulous financial planning and efficient bookkeeping practice.

https://www.pacificabs.com/knowledge-center/blog/mastering-bookkeeping-in-2026-bookkeeping-tips-for-small-businesses/

Dive into our comprehensive blog and transform your financial record-keeping from a headache to a strategic advantage!

03/10/2026

Five Essential Cost Segregation Updates for Tax Year 2025

The One Big Beautiful Bill Act (OBBBA) reintroduces 100% bonus depreciation for various property types starting January 20, 2025, enhancing the benefits of cost segregation and significantly increasing first-year tax savings for qualified properties. Sec. 179 expensing is still in play – with increased expensing limitations – and taxpayers should consider potential Sec. 179/bonus depreciation interplay.
The new Qualified Production Property (QPP) designation allows for 100% bonus depreciation on specific industrial facility portions used for production, but this is available only for a limited time, emphasizing the need for timely action to capitalize on this opportunity.
While the 179D Deduction and incentives for wind and solar projects have sunset dates, their phased withdrawal offers strategic planning opportunities, including increased Sec. 179 expensing limits, requiring taxpayers to make informed decisions to optimize tax benefits through cost segregation.

https://www.eisneramper.com/insights/real-estate/cost-segregation-update-re-blog-1023/

Discover how the One Big Beautiful Bill Act (OBBBA) reshapes real estate tax planning for Tax Year 2025, including the return of 100% bonus depreciation, the new Qualified Production Property (QPP) designation, sunset timelines for 179D, wind, and solar incentives, and expanded Sec. 179 expensing.

02/23/2026

6 Tax Changes for Businesses Coming in 2026

The 20 percent QBI deduction, which was set to expire at the end of 2025, is now permanently part of the tax code for LLCs, S corporations, partnerships, sole proprietorships, and other pass-through entities. That will let eligible business owners deduct up to 20 percent of their company’s income. Starting in 2026, though, the deduction will begin to phase out for individuals who earn above certain income thresholds (approximately $278,000 for people whose filing status is single or head of household, $556,000 for people married filing jointly). Also next year, anyone with at least $1,000 of qualified business income will receive a minimum deduction of $400, even if their deduction would otherwise be fully phased out.

https://www.inc.com/chris-morris/6-tax-changes-for-businesses-coming-in-2026/91281564

Here are some of the upcoming changes to keep on your radar as the 2026 tax season gets underway.

02/09/2026

Start 2026 With a Well-Laid Plan: Basic Tax Strategies for Small Business Owners

As we approach the final quarter of 2025, successful small business owners are already thinking ahead to 2026. The key to maximizing your tax savings and positioning your business for growth isn’t waiting until tax season—it’s implementing strategic planning now. With recent IRS updates and evolving tax regulations, having a well-laid plan can mean the difference between paying unnecessary taxes and keeping more money in your business.

At TriStar Tax and Business Solutions, we help small business owners navigate these complexities with confidence. Here are the essential tax strategies every business owner should consider as we head into 2026.

https://tristarteam.tax/blog/start-2026-with-a-well-laid-plan-basic-tax-strategies-for-small-business-owners/ #:~:text=Organize%20Financial%20Records%20for%20Maximum,is%20earned%20throughout%20the%20year

Explore essential basic tax strategies for small business owners to maximize savings and prepare for 2026 now.

01/26/2026

Getting Organized for the 2026 Tax Season: Your Guide to Stress-Free Tax Preparation

Create a Tax Organization System You Will Use
The best tax organization system is one that fits your lifestyle. Choose between a paper-based system, a digital filing system, or a hybrid of both. Digital folders are especially helpful for searching documents quickly and storing backups securely.

Set up folders labeled various things such as income, tax forms, deductions, charitable contributions, medical expenses, education expenses, housing and investments. Organizing documents throughout the year makes tax filing faster and more accurate.

https://servicecu.org/resources/blog/detail/helpful-resources/getting-organized-for-the-2026-tax-season--your-guide-to-stress-free-tax-preparation/ #:~:text=Create%20a%20Tax%20Organization%20System,often%20leads%20to%20missing%20documentation

Getting organized for the 2026 tax season can help reduce stress, avoid costly mistakes, and ensure you are fully prepared to maximize deductions and credits.

01/12/2026

2026 Tax Deadlines: Key Dates Your Business Needs to Know

Staying ahead of key tax deadlines is one of the simplest ways to keep your business financially healthy and compliant. Missing a filing date or payment deadline can lead to penalties, cash flow challenges, and unnecessary stress during tax season.

Whether you’re a sole proprietor, partnership, S corporation, or C corporation, your tax timeline will look a little different — but being proactive with tax planning can help you avoid surprises. This calendar highlights the most important federal tax deadlines for 2026, helping you stay organized and focused on running your business.

https://www.mgocpa.com/perspective/2026-tax-deadlines-key-dates-business/

Stay ahead of 2026 tax deadlines with key dates, planning tips, and strategies to keep your business compliant all year long.