GeneralCents Accounting

05/29/2026

States are relying on sports betting taxes to fund budgets—and even lower property taxes. Nebraska could net ~$87M over 5 years (≈$17M/year). Surprise: online bets drive most of the revenue. Find out what this could mean for your taxes.

Discover how states are using sports betting to offset property taxes and fund budgets. Insight from GeneralCents Accounting on the future of targeted taxation.

05/28/2026

Launching a business? You can often deduct up to $5,000 in start‑up and $5,000 in organizational costs the year you open — with the rest amortized over 15 years. Surprised? Don’t miss this often‑overlooked tax win. Find out how.

Launching a business in Scottsdale, Denver, or Albuquerque? GeneralCents Accounting explains how to deduct start-up and organizational costs to save on taxes.

05/27/2026

Portland may raise its $35 arts tax to $50/$100 but exempt about 151,000 people — keeping revenue steady by making fewer folks pay more. Tired of annoying local tax rules and surprise fees? Find out how to avoid penalties and stay compliant.

05/26/2026

Paid tax on money you later had to return? The IRS Claim of Right may let you get those taxes back (if repayment > $3,000) — choose a credit or deduction to recover what you paid. Don’t leave money on the table. Find out how GeneralCents can help.

05/22/2026

June 15 is more than a date—it's the mid‑year deadline for payroll deposits and Q2 corporate estimated taxes. Penalties start accumulating fast—don’t let summer slow your momentum. Protect cash flow with a quick mid‑year checkup. Check it out.

05/22/2026

Think a $70k hire is affordable? Surprise: taxes, benefits, training and software can push it to $90–100k—and stall your cash flow. Avoid the payroll trap—consider fractional experts first. Find out how to hire smart. Read now.

05/22/2026

Summer’s here — but taxes don’t take a vacation. June brings key deadlines: Form 5498 (June 1), tip reporting (June 10), and Q2 estimates + expat/military returns due June 15. Surprising fact: your IRA’s Dec 31 value can set your 2026 RMD. Avoid penalties and surprise bills — find out what to do. Check it out.

05/18/2026

Want bookkeeping peace of mind? One QuickBooks step—monthly reconciliation—separates clean records from chaos. Spot duplicates, missing transactions, or even a $5 error before it becomes a tax-time headache. Find out how to reconcile confidently.

Learn how to reconcile your QuickBooks Online accounts step-by-step. GeneralCents Accounting helps small businesses in AZ, CO, and NM keep their books clean.

05/15/2026

Think a “perfect” tax plan is safe because the paperwork checks out? Courts are siding with the IRS—if a move has no real business purpose it can be reversed and penalized. Don’t let clever planning become a costly mistake. Find out how to stress‑test your tax strategy.

The IRS is heavily scrutinizing tax strategies lacking a real business purpose. GeneralCents Accounting explains how to protect your wealth and avoid audits.

05/15/2026

Working abroad? You could exclude up to $132,900 (2026) of foreign earned income — but surprising: the FEIE doesn’t eliminate self‑employment tax or tricky state residency rules. See whether the bona fide or 330‑day test fits you and how housing exclusions can boost savings. Find out.

Learn how the Foreign Earned Income Exclusion (FEIE) works for 2026. Explore limits, housing deductions, and expat tax strategies with GeneralCents Accounting.

05/14/2026

You could be owed money: a federal court says many COVID-era IRS penalties/interest may have been wrongly charged. File a protective (paper) refund claim by July 10, 2026 to preserve your right. Want us to review your case? Find out.

Did you pay IRS penalties during the pandemic? A new court ruling could mean a refund. GeneralCents Accounting explains how to claim your money before 2026.