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Jeff Baugus EA, MBA - Tax Beacon LLC

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Jeff Baugus EA, MBA - Tax Beacon LLC

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No annoying tax professional lingo. Just straight, authoritative and friendly advice. Visit us: www.taxbeacon.us
Or give us a call: 623-243-1214

Individual and business tax preparation, with specialization in Minister Tax Returns. Fast, accurate service and fair fees. Jeff Baugus has been preparing taxes for nearly 20 years. Accuracy, integrity, and fairness are the pillars of business for Tax Beacon.

11/11/2026

To the veterans among our families and neighbors, we want you to know that your service is deeply appreciated.

We don't take your willingness to fight for our country lightly. We're grateful for the sacrifices you and your families have made.

11/10/2026

𝗖𝗮𝗻 𝗜 𝘂𝘀𝗲 𝗺𝘆 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝗽𝗮𝘆 𝗳𝗼𝗿 𝗺𝘆 𝗴𝗿𝗮𝗻𝗱𝗰𝗵𝗶𝗹𝗱'𝘀 𝗰𝗼𝗹𝗹𝗲𝗴𝗲?

Yes, you can use your RMD to fund a 529 college savings plan. But you can't transfer the money directly from your IRA.

Here's how the process works:
1. Withdraw your required distribution into your personal bank account.
2. Account for the income taxes on the taxable portion of that withdrawal.
3. Contribute the money to your grandchild's 529 plan.

Once the money is in the 529, it can grow without annual taxes on investment earnings, and withdrawals for qualified education expenses are tax-free.

If you're thinking about using your 2026 RMD to contribute to your grandchild's college savings, send us a message.

We can help you structure your transfer so you avoid triggering gift tax filings and maximize state tax deductions you might qualify for.

11/09/2026

You can prepare for a lot before starting a business, but some lessons you only learn through experience (and a few costly mistakes along the way).

𝘞𝘩𝘢𝘵'𝘴 𝘰𝘯𝘦 𝘭𝘦𝘴𝘴𝘰𝘯 𝘺𝘰𝘶'𝘷𝘦 𝘭𝘦𝘢𝘳𝘯𝘦𝘥 𝘧𝘳𝘰𝘮 𝘳𝘶𝘯𝘯𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘸𝘪𝘴𝘩 𝘴𝘰𝘮𝘦𝘰𝘯𝘦 𝘩𝘢𝘥 𝘵𝘰𝘭𝘥 𝘺𝘰𝘶 𝘸𝘩𝘦𝘯 𝘺𝘰𝘶 𝘸𝘦𝘳𝘦 𝘴𝘵𝘢𝘳𝘵𝘪𝘯𝘨 𝘰𝘶𝘵?

11/06/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗵𝗮𝘃𝗲 𝗿𝗲𝗮𝗱𝘆 𝗯𝗲𝗳𝗼𝗿𝗲 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 𝘆𝗲𝗮𝗿-𝗲𝗻𝗱 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗯𝗼𝗻𝘂𝘀𝗲𝘀 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗽𝗮𝘆𝗿𝗼𝗹𝗹?

Before you start processing bonuses, you'll want to document your payout decisions and give yourself enough time for the payments to clear.

Start with a written bonus plan that includes:
• Why you're giving the bonuses (such as meeting annual revenue goals)
• How you're calculating each amount
• Which employees are receiving a bonus
• The total amount you've budgeted
• Written approval from the business owner

And don't forget to account for payroll processing time. Most payroll processors take 2-4 business days to clear direct deposits.

𝙒𝙖𝙣𝙩 𝙩𝙤 𝙢𝙖𝙠𝙚 𝙨𝙪𝙧𝙚 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜'𝙨 𝙞𝙣 𝙤𝙧𝙙𝙚𝙧 𝙗𝙚𝙛𝙤𝙧𝙚 𝙮𝙤𝙪 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙮𝙤𝙪𝙧 𝙝𝙤𝙡𝙞𝙙𝙖𝙮 𝙗𝙤𝙣𝙪𝙨𝙚𝙨?

DM us to set up an appointment to go over your plan.

11/05/2026

Google's AI assistant can now find your appointments in your calendar and give you directions without you having to look up the address.

Pretty impressive. Now if it could just track all those business trips and keep your mileage log up to date...

https://www.theverge.com/tech/1014999/google-gemini-ai-cars-android-auto

11/04/2026

𝗜𝗳 𝗜 𝗽𝗿𝗼𝗺𝗶𝘀𝗲 𝗺𝘆 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗮 $𝟱𝟬𝟬 𝗵𝗼𝗹𝗶𝗱𝗮𝘆 𝗯𝗼𝗻𝘂𝘀, 𝗵𝗼𝘄 𝗰𝗮𝗻 𝗜 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 $𝟱𝟬𝟬 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝘁𝗵𝗲𝗶𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀?

You can make sure your employees take home the full $500 by running a grossed-up bonus through payroll.

If you run a standard $500 bonus, your employees will receive less than that after payroll withholdings.

With a grossed-up bonus, you increase the total payment to cover those withholdings so your employee still takes home $500.

But that also means your business will spend more than $500 per employee.

Before promising a specific take-home amount, calculate the full cost of the bonus, including the required withholdings. Then you can budget for what you'll actually spend.

11/03/2026

𝗪𝗵𝗮𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗼𝗻𝗰𝗲𝗿𝗻𝘀 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗵𝗲𝗮𝗿𝗶𝗻𝗴 𝗽𝗲𝗼𝗽𝗹𝗲 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗺𝗼𝘀𝘁 𝗮𝘀 𝘄𝗲 𝗵𝗲𝗮𝗱 𝗶𝗻𝘁𝗼 𝟮𝟬𝟮𝟳? 𝗔𝗻𝘆𝘁𝗵𝗶𝗻𝗴 𝘆𝗼𝘂'𝗱 𝗮𝗱𝗱 𝘁𝗼 𝘁𝗵𝗶𝘀 𝗹𝗶𝘀𝘁?

A) Keeping up with rising everyday expenses
B) Job security and steady income
C) Building up emergency savings
D) Paying down debt and catching up on bills
E) Saving enough for retirement

11/02/2026

𝗖𝗮𝗻 𝗜 𝘀𝗮𝘃𝗲 𝗺𝗼𝗿𝗲 𝗼𝗻 𝘁𝗮𝘅𝗲𝘀 𝗯𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗻𝗴 𝘁𝗼 𝗺𝘆 𝗛𝗦𝗔?

If you're eligible to contribute to an HSA, adding money before the end of the year can reduce your taxable income. You have two options:
1. 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘆𝗼𝘂𝗿 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿'𝘀 𝗽𝗮𝘆𝗿𝗼𝗹𝗹.
When contributions qualify for the payroll tax exclusion, you save on federal income taxes and the 7.65% Social Security and Medicare taxes. Make sure to adjust your contributions before your employer's final December payroll cutoff.
2. 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗺𝗼𝗻𝗲𝘆 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝗶𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝗛𝗦𝗔.
You have until the April 15 tax filing deadline to make a contribution for 2026. You can still claim an income tax deduction, even if you don't itemize, but you won't get the payroll tax savings.
(𝘍𝘰𝘳 2026, 𝘵𝘩𝘦 𝘮𝘢𝘹𝘪𝘮𝘶𝘮 𝘏𝘚𝘈 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘴𝘦𝘭𝘧-𝘰𝘯𝘭𝘺 𝘤𝘰𝘷𝘦𝘳𝘢𝘨𝘦 𝘪𝘴 $4,400.)

Make sure to account for anything your employer has already contributed before adding more money. Going over your limit can trigger a 6% excess contribution penalty.

Comment 𝗛𝗦𝗔 below if you want help determining your 2026 contributions.

10/30/2026

𝗗𝗼 𝗜 𝗵𝗮𝘃𝗲 𝘁𝗼 𝘀𝗽𝗲𝗻𝗱 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆 𝗶𝗻 𝗺𝘆 𝗛𝗦𝗔 𝗯𝗲𝗳𝗼𝗿𝗲 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟯𝟭?

No, your Health Savings Account (HSA) funds don't expire at the end of the year. Whatever you don't spend automatically rolls over into the next year. And that money stays yours, even if you change jobs or retire.

The confusion often comes from Flexible Spending Accounts (FSAs), which have different rules. With an FSA, you can lose unspent funds at the end of the plan year unless your employer offers a grace period or limited rollover.

But with an HSA, you can:
• Keep your unused balance year after year.
• Leave the money invested so it can grow tax-free.
• Save those funds for qualified medical expenses years down the road.

𝘏𝘢𝘷𝘦 𝘮𝘰𝘳𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵 𝘏𝘚𝘈 𝘰𝘳 𝘍𝘚𝘈? 𝘋𝘳𝘰𝘱 𝘢 𝘤𝘰𝘮𝘮𝘦𝘯𝘵 𝘣𝘦𝘭𝘰𝘸.

10/29/2026

What's scarier than Halloween? Finding out your business has been paying for subscriptions nobody uses…

Before October ends, pull up your last three months of bank statements and look for recurring charges. Check which services you're actually using and cancel the ones you no longer need to eliminate those extra charges!

𝘞𝘩𝘢𝘵'𝘴 𝘰𝘯𝘦 𝘴𝘶𝘣𝘴𝘤𝘳𝘪𝘱𝘵𝘪𝘰𝘯 𝘺𝘰𝘶'𝘷𝘦 𝘤𝘢𝘶𝘨𝘩𝘵 𝘺𝘰𝘶𝘳𝘴𝘦𝘭𝘧 𝘱𝘢𝘺𝘪𝘯𝘨 𝘧𝘰𝘳 𝘭𝘰𝘯𝘨 𝘢𝘧𝘵𝘦𝘳 𝘺𝘰𝘶 𝘴𝘵𝘰𝘱𝘱𝘦𝘥 𝘶𝘴𝘪𝘯𝘨 𝘪𝘵?

Address

15270 West Brookside Lane #125
Surprise, AZ
85374

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+16232431214

Website

http://www.taxbeacon.us/

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