June 2026

Is Your Employer Withholding Enough? Many employees assume their payroll department is withholding the correct amount of tax. Unfortunately, that’s not always the case. Changes in tax laws, multiple jobs, a working spouse, dependents, bonuses, or simply an outdated Form W-4 can all result in too little federal income tax being withheld. A quick review […]

Can You Deduct a Home Office? If you run a business from your home, you may qualify for a valuable tax deduction. The IRS allows a deduction for certain home-related expenses when part of your home is used for business purposes. You may qualify if: • You have a space in your home that is

LP TAX & BOOKKEEPING PROS LLC Ralph Pinney, EA McKinney, TX 75072 303-881-9762 Audits Listen, I know getting anything from the IRS with the word audit on it can make your stomach drop. Most people immediately start wondering if they did something wrong, how bad this is going to get, and whether they can just

What if you woke up on a crisp Monday morning, poured your coffee, and opened a certified letter that effectively told you your business bank account was no longer yours to use? It is a nightmare scenario that thousands of business owners face every year, often just as they are trying to gear up for

You are sitting on your sofa, perhaps mid-way through a late-night movie or a Sunday sports broadcast, when that voice booms from the television or the radio. It is deep, authoritative, and impossibly confident. It asks if you are drowning in IRS debt and then makes a promise that sounds like a miracle: they can