Paul Rolnick CPA, LLC

12/29/2025

Sending warm wishes for a year filled with purpose, growth, and peace of mind.

12/29/2025

Tax Inflation Adjustments for Tax Year 2026
The tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes, are now available.

The tax items of greatest interest include the :
• Increased standard deduction (the One, Big, Beautiful Bill also raises the tax year 2025 standard deduction),
• Marginal rates,
• Alternative minimum tax exemption amounts,
• Estate tax credits,
• Adoption Credit (which may now be refundable) and
• Employer-provided childcare tax credit.
• Earned Income Tax Credit,
• Qualified transportation fringe benefit,
• Health flexible spending cafeteria plans,
• Medical savings accounts,
• Foreign earned income exclusion and
• Annual exclusion for gifts.

The IRS includes more details about the tax inflation adjustments, along with a list of items unaffected by indexing. https://ow.ly/QC8k50XzNse

Contact us if you have questions about the 2026 adjustments.

The IRS has issued an update which corrects some calculations as published initially by the IRS as part of the annual inflation adjustments for the year 2026.

12/26/2025

Keep Your Vendors Happy: Tracking Bills in QuickBooks Online

QuickBooks Online has built-in tools that can help you:
• Know how much money you’ve already committed,
• Keep a close watch on current and future bills, and
• Simplify the process of tracking and paying bills.

QuickBooks Online is good at automating bookkeeping tasks, and bill pay is one of the areas where it excels. Get the step-by-step instructions and start tracking bills more effectively. https://rolnickcpa.com/newsletter.php #7

12/24/2025

As a small business owner you have more important things to do than to keep your own books.

We take care of your books for you, so you can get back to the job of running your business and generating profits.

Take back your time in 2026. Let us help. https://rolnickcpa.com/smallbiz.php

12/22/2025

Last-Minute Tax Strategy: Accelerating Deductions

Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025.

The expanded state and local tax (SALT) deduction may cause your total itemized deductions to exceed the standard deduction and itemizing to make sense.

Find out more. https://rolnickcpa.com/newsletter.php #5

12/19/2025

If your tax prep starts in March, you're already behind.

Dental practices that partner with us get year-round tax planning, not last-minute surprises.

We stay ahead of regulatory updates and industry-specific deductions so you don’t leave money on the table.

A proactive tax strategy is a healthy business strategy. https://rolnickcpa.com/dentists.php

12/17/2025

Do your employees travel for business?
The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual lodging, meal and incidental expenses.

Find out what it is and how you can leverage it. https://rolnickcpa.com/newsletter.php #4

12/15/2025

The unexpected tax implications of working remotely.

(1) If you domicile in one state and are a resident of another, you could be taxed by both states on the same income.

(2) When employees are located in multiple states, employers may be required to withhold and remit income and payroll taxes in each jurisdiction.

(3) Once nexus is established, the employer may become liable for a range of state-level taxes, including income, franchise, gross receipts, and sales and use taxes.

(4) In most cases, the home office deduction is no longer available to employees. And, employees generally can’t deduct other unreimbursed job-related expenses under current law. But, employers may reimburse remote workers for their business expenses according to an “accountable plan” that requires employees to substantiate the costs and meet other requirements.

https://rolnickcpa.com/newsletter.php #3

You may or may not be able to minimize negative tax consequences, but it’s still important to know what to expect. Reach out to us before claiming that deduction.

12/12/2025

Cheers to a joyful holiday season filled with rest, renewal, and the promise of good things ahead.

12/10/2025

Thinking of adding a new service line or hiring another hygienist?
Before you grow, get a clear picture of your current profitability by location, provider, and service.

We help dental practice owners like you use financial data to guide smart, strategic growth decisions—so you expand with confidence, not guesswork.

Let’s map your path forward together. https://rolnickcpa.com/dentists.php

12/08/2025

NOL Deductions Can Ease the Pain of Business Losses
Any business can face losses. Fortunately, the net operating loss (NOL) deduction can turn the pain of a loss this year into tax savings for next year and, perhaps, beyond.

Find out:
• How to qualify.
• The limits.
• Next steps.

When it comes to business losses, the rules are complex, especially the interaction between NOLs and other potential tax breaks. Contact the office for help charting your best path forward. https://rolnickcpa.com/newsletter.php #2

12/05/2025

How Does the New Tax Deduction for Car Loan Interest Work?
You might be able to deduct your car loan interest. But various rules and limits apply.

The maximum car loan interest you can deduct is $10,000 per year for 2025 through 2028. But the deduction is phased out starting at $100,000 of modified adjusted gross income (MAGI) or $200,000 for married couples filing jointly.

Find out more >> https://rolnickcpa.com/newsletter.php #1