JTC CPAs

06/03/2026

Small Business Tax Planning by Season

06/02/2026

Tips Write-Offs

The IRS released their final regulations on the temporary deduction for no tax on tips rule written into the OBBA. This deduction only lasts for 2025-2028 and is capped out at $25,0000 and starts phasing out for single filers at $150,000 and married filing jointly at $300,000.

Other thing to keep in mind, tips must be from an occupation that traditional receives tips. The final list of 71 job titles across eight categories can be found on the IRS website: https://www.irs.gov/newsroom/treasury-irs-issue-guidance-listing-occupations-where-workers-customarily-and-regularly-receive-tips-under-the-one-big-beautiful-bill

For the 2025 tax year the employer or payer doesn't need to report tips on a separate form, it can be included in the total amount of payments, compensation, or income reported. However, Starting in 2027 for the 2026 tax year, employer or payer must separately report the amount of qualified tips .

06/01/2026

Paper Check Tax Refunds - Letters and Delays

The IRS is mailing letters to taxpayers who are claiming a refund asking them to supply their bank account information details for direct deposit. Once the letter is received, the tax payer has 30 days to respond with their bank accounting information or they have to say why they can not provide it. If a taxpayer chooses not to respond to the letter from the IRS they will still receive their refund but will have to wait an additional 6 weeks from the 30 days they received their letter requesting their direct deposit information.

05/29/2026

Business Tax Preparation: A Practical Timeline, Checklist, and Common Pitfalls to Avoid.

Business tax preparation isn’t just “filing a return.” For most small and mid-sized companies, it’s a year-round workflow that connects bookkeeping accuracy, payroll compliance, smart tax planning, and clean financial reporting. When those pieces aren’t aligned, owners often discover issues late—missing deductions, rushed estimates, incorrect 1099s, avoidable penalties, or financial statements that don’t match the tax return.

If you want fewer surprises, cleaner financials, and a tax plan that matches how your business actually runs, JTC CPAs can help with year-round tax planning, accurate business tax return preparation, bookkeeping, payroll, and advisory support—built for small and medium-sized businesses.

05/28/2026

Did you Know - Children and Taxes

Summer day camp costs are eligible for child and dependent care credit. If your children are under 13, expenses for the care of your children can be incurred so you can work or look for employment. Starting in 2026 this credit is higher, now worth 20%-50% of up to $3,000 in care expenses, and $6,000 for two or more dependents, now making the top credit $1,500 or $3,000 moving forward.

Additionally, parents who hire their children can save on employment taxes. Not only is no F**A tax due if you employ your child and they are under 18 years old, but federal unemployment tax is also not owed on their salaries until they reach 21 years of age.

05/27/2026

Smart Tax Planning for Business Owners

If you run a small or mid-sized business in Eagle, your tax return is just the final scorecard. The real savings (and risk reduction) happens in the months before year-end: how you time income, structure payroll, choose depreciation methods, document deductions, and plan for Idaho and federal changes. JTC CPAs helps business owners build proactive plans that are practical, compliant, and tied to your goals—so taxes become a tool for better decisions, not a once-a-year emergency.

https://www.jtccpas.com/smart-tax-planning-for-eagle-idaho-business-owners-what-to-do-now-not-next-april/

05/26/2026

How to Help Your Children Buy a Home

If you want to help your children buy a home, there are several ways to go about it, ranging from family loans to outright gifts. This is especially pertinent to consider as lofty home prices, rising mortgage rates, and a tight inventory of homes for sale have shut many young buyers out of the housing market.

The median age of all home buyers in 2025 was 59, according to the National Association of Realtors, representing a jump from 2024's already high median of 56. Overall, this indicates that first-time home buyers are delaying their purchases.

So how can you help? Each of these below avenues of financial support has its own perks and pitfalls:

1. Provide an intra-family loan
2. Give a gift
3. Co-sign or co-borrow

To learn more, read the full article at Kiplinger's Website -

https://www.kiplinger.com/real-estate/how-to-help-your-children-buy-a-home

05/25/2026

Bookkeeping That Actually Helps You Grow

Strong bookkeeping gives you confidence in your pricing, hiring, cash flow, and tax strategy—without the stress of guessing or scrambling at year-end. For many small and mid-sized businesses in Meridian, the biggest wins come from getting a few fundamentals right: consistent categorization, a dependable monthly close, and reports you can actually use. This guide breaks down what “good bookkeeping” looks like in real life and how JTC CPAs helps business owners turn accounting into insight (not just a to-do list).

https://www.jtccpas.com/services/bookkeeping/

05/22/2026

Business Exit Planning in Boise

Selling a business is rarely “one big event.” It’s usually a series of decisions—entity structure, financial reporting, customer concentration, deal terms, and tax elections—that either protect your net proceeds or quietly erode them. If you’re building toward a sale in Boise (or anywhere in the Treasure Valley), business exit planning is how you turn a hopeful future transaction into a controlled, measurable outcome. At JTC CPAs, we help business owners connect the operational side of a sale to the financial and tax realities that determine what you actually keep.

https://www.jtccpas.com/business-exit-planning-in-boise-how-to-sell-on-your-terms-and-keep-more-after-taxes/

Plan your Boise business exit to maximize after-tax proceeds. Get clarity on value drivers, exit routes, and tax strategies for a smooth, profitable sale.

05/21/2026

Ways to Help your Kids Develop Healthy Money Habits.

Long before a child opens a bank account or files a first tax return, their financial worldview is already taking shape. The most consequential financial decisions adults make are rarely just about money. They also involve childhood memories.

This influence flows through two channels.

Implicit. Children observe and overhear how their parents engage with money, even in unguarded moments.

Explicit. Deliberate, purposeful teaching, such as an allowance with expectations attached, a conversation about saving toward a goal or a family budget discussed openly at the kitchen table.

Five things you can do right now
1. Listen to yourself before they do.
2. Talk about money out loud and make it normal.
3. Give them something real with which to practice.
4. Model the behaviors you want them to develop.
5. Bring your financial planner into the conversation

To learn more details as well as a comprehensive break down of each category, visit this website: https://www.kiplinger.com/personal-finance/healthy-money-habits-what-financial-lessons-are-your-kids-learning