Bookkeeping Plus

08/21/2026

When an interest rate matters. This is what you need to know.

The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

08/19/2026

Ransomware is getting scarier. Here is what you need to know now!

Sometimes it’s the rules that change. Other times, it’s the risks. In this month’s newsletter we’re looking at a little of both. First, the IRS made a midyear change to the standard business mileage rate. Included this month is what changed and a few vehicle-related recordkee...

08/14/2026

The amount of your tax bill is often dependent on your age and the age of your children. You need to plan accordingly. Here are the details.

As your children age, you can easily be surprised by a larger tax bill. To help ease the possible burden, here are some possible tax hits to prepare for as your children grow older.

08/10/2026

Congratulations to Fritzi! Master of Accounting from MTSU.

08/10/2026

Bookkeeping Plus was proud to support 1st year teacher Haley Mitchell through the Adopt a teacher program. Hope you have a great first year.

08/07/2026

Time to plan for new contribution levels for your health savings account. Find the 2026 limits here.

Contribution limits for the ever-popular health savings account (HSA) are outlined for 2026. Now is a great time to review your situation and make adjustments as appropriate.

08/05/2026

Tax savings come in all shapes and sizes. Here are some life events that require your attention if you do not wish to have a tax surprise latter on during the year.

Sometimes the biggest financial opportunities come from paying attention to the details. In this issue, we highlight the details of several tax rules that can impact many of your life's important milestones. You'll also find an overview of the increased business mileage rates for the second half of....

07/31/2026

Before school gets going this fall, check out these school expenses that might help you decrease your tax bill.

Time to buy school supplies? Pay for field trips? Is any of this tax deductible? Here are some ideas to find a tax break in the back-to-school rush.

07/30/2026

Stay tuned! Trump Accounts could yield free savings.

In mid 2026 Child Savings Accounts, called Trump Accounts can be opened. And there is a potential $1,250 deposit into these accounts.... if you act. This is what you need to know.

07/30/2026

Have you started your child's Trump Account? If you had a child in 2025 or 2026, your child is eligible for a $1000. Contact Bookkeeping Plus today for more information at (931) 685-0503.

In mid 2026 Child Savings Accounts, called Trump Accounts can be opened. And there is a potential $1,250 deposit into these accounts.... if you act. This is what you need to know.