Wheeler Accountants

10/14/2026

Selling a highly appreciated investment late in the year could trigger an additional tax cost: the 3.8% net investment income tax (NIIT). If you’re considering a significant transaction before January 1, first estimate the potential tax impact and evaluate planning opportunities.

Selling a highly appreciated investment late in the year could trigger an additional tax cost: the 3.8% net investment income tax (NIIT).

10/07/2026

If you’re eligible to contribute to a Health Savings Account (HSA), consider taking a closer look at your contribution strategy. You may be able to reduce your 2026 taxes while strengthening your long-term financial security. Although many people use HSAs to pay current medical expenses, they can also help fund retirement.

If you’re eligible to contribute to a Health Savings Account (HSA), consider taking a closer look at your contribution strategy.

10/05/2026

As the end of 2026 approaches, look beyond investment performance and consider how taxes may affect your overall returns. Although tax considerations generally shouldn’t drive investment decisions, a year-end portfolio review may identify opportunities to reduce your taxes. Here are four to consider:

1. Harvest losses (or gains)
2. Avoid the wash sale rule
3. Time the sale of appreciated investments
4. Donate appreciated securities

Read more about each of these on the blog:

As the end of 2026 approaches, look beyond investment performance and consider how taxes may affect your overall returns...

09/30/2026

Are long-term care (LTC) insurance premiums tax-deductible? Well... it depends.

Are long-term care (LTC) insurance premiums tax-deductible? It depends. Qualified LTC policies are considered health insurance...

09/28/2026

One of the most common bookkeeping mistakes business owners make is mixing business and personal finances. Addressing this issue before year end can simplify tax preparation, improve the accuracy of your financial records and help reduce the risk of IRS questions.

One of the most common bookkeeping mistakes business owners make is mixing business and personal finances...

09/23/2026

Improving accessibility at your business may come with a valuable tax break: Eligible small businesses can claim the Disabled Access Credit for certain costs related to improving accessibility for individuals with disabilities.

Improving accessibility at your business may come with a valuable tax break: Eligible small businesses can claim a Disabled Access Credit...

09/21/2026

When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction to help offset the financial loss. But it isn’t automatic. Businesses must satisfy specific federal tax rules and maintain adequate records to support the deduction.

When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction...

09/17/2026

We’re excited to recognize Jamie Megrath as Wheeler’s Employee of the Quarter! Jamie consistently demonstrates an exceptional commitment to her clients, her colleagues, and the firm while embodying each of Wheeler’s core values: Claim It, Crush It, and Climb Together.

We’re excited to recognize Jamie as Wheeler’s Employee of the Quarter! Jamie consistently demonstrates an exceptional commitment...

09/11/2026

Today, Wheeler wants to pause and acknowledge the heavy remembrance that meets us every year on this day. 9/11 is a day to remember the loss, remember the courage and selflessness of the first responders and helpers, and remember the small miracles of that day and the way our nation sought unity in our response. If you were affected in any way by the events of 9/11, we are thinking of you today.

08/10/2026

Offering employees retirement options can be an effective way for small business owners to attract and retain talent. If you’re concerned about cost and administrative complexity, you’re not alone. Fortunately, several options are available, including a Simplified Employee Pension (SEP) plan.

So, what's a SEP plan? We covered the basics on the blog:

Offering employees retirement options can be an effective way for small business owners to attract and retain talent.