NKC Accounting LLC

07/17/2026

Providing a gift of stock can make sense if handled properly. Read more.

Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.

07/15/2026

How long should you keep your tax records? 🤔

The answer depends on the type of document, and keeping the right records can save you time, stress and unnecessary headaches if you ever need them.

Our 2025 Tax Record Retention Guide makes it easy to know what to keep and when it's safe to let old paperwork go.

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Have questions? Send us a message. We're happy to help.

07/13/2026

A common myth we hear is that every expense is automatically tax-deductible.

The reality is that not every purchase qualifies. To be deductible, an expense generally needs to be ordinary, necessary, and directly related to your business.

Understanding the rules can help you avoid costly mistakes and feel more confident when managing your business finances.

Have you ever been unsure whether an expense was deductible? Leave your question in the comments or send us a message. We're always happy to help.

07/10/2026

Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business?

Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.

07/10/2026

Every business owner has questions, and that's a good thing.

The most successful businesses aren't the ones that have all the answers. They're the ones that ask the right questions and seek the right advice.

One question comes up time and time again in conversations with our clients, and it often opens the door to better planning and smarter business decisions.

Take a look through the carousel to see what it is. You might be asking the same question too!

💙 If you'd like to talk through your own business goals, we're always happy to help. Reach out to book a free discovery call.

07/08/2026

There's nothing more meaningful than hearing directly from the people we've had the privilege of helping.

At NKC Accounting, we strive to provide accounting and tax services that are clear and tailored to each client's needs.

We’re grateful for every client who takes the time to share their experience. Their feedback means more than they probably realize.

If you're considering working with us, take a moment to see what our customers have shared about their experience.

👉 Read our customer reviews:
https://share.google/pNltut8MjhLsUZ4aa

Thank you to every client who has trusted us with their business. It’s a privilege to be part of your journey.

07/06/2026

💡 Looking for ways to lower your 2026 tax bill?

Now is a great time to take a closer look at your finances and make sure you're taking advantage of available tax-saving opportunities before the year ends.

Some areas to review include:

✔️ Check your tax withholdings
Changes in income, overtime, tips, or family circumstances can affect how much tax you owe.

✔️ Maximize retirement contributions
Increasing contributions to retirement accounts may help reduce your taxable income while strengthening your long-term financial future.

✔️ Identify taxable life events
A new job, marriage, changes to dependents, or other major life events can significantly impact your tax position.

✔️ Plan business equipment purchases
Strategic investments in business property may qualify for valuable tax deductions through Section 179 and bonus depreciation provisions.

✔️ Don't overlook gig income
Side hustles and freelance work often come with additional tax obligations, but they may also qualify for business-related deductions.

Tax planning isn't just about filing a return. It's about making informed decisions throughout the year.

The sooner you review your situation, the more options you may have available.

Have questions about your tax situation? Reach out to our team. We're always happy to help you plan ahead with confidence.

07/03/2026

The ensure you're ready for an audit, tax returns should be kept indefinitely and supporting documents should be kept a minimum of three years.

After filing your tax return, do not close the book on your taxes until you have set up next year's files, purged unneeded old records, and prepared your records in case of an audit. Here are some tips.

07/03/2026

When people think about taxes, they usually think about what they can reduce or deduct.

But there’s another side that’s often overlooked.

Some income isn’t taxed at all.

This can include Roth retirement accounts, HSAs, certain employer-sponsored benefits, home sale gains, and more.

It’s not about loopholes or tricks. It’s about understanding how the system is already designed and using it wisely.

A little awareness can make a big difference over time.

Which one surprised you most?

07/01/2026

Social Security planning is not just for later in life. Whether you are just starting your career or already building your peak earning years, there are practical steps you can take now to support your future retirement income.

Planning ahead today can make a meaningful difference tomorrow.