Sawyer Accounting & Tax

11/04/2026

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗜 𝗰𝗼𝗿𝗿𝗲𝗰𝘁 𝘂𝗻𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗴𝗮𝗶𝗻𝘀 𝗶𝗳 𝘁𝗵𝗲 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗜 𝘂𝘀𝗲𝗱 𝘀𝗵𝘂𝘁 𝗱𝗼𝘄𝗻 𝗮𝗻𝗱 𝗜 𝗰𝗮𝗻'𝘁 𝗮𝗰𝗰𝗲𝘀𝘀 𝗺𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗵𝗶𝘀𝘁𝗼𝗿𝘆?

Even if your crypto exchange has closed, we can try to reconstruct your missing transaction records using other sources.

We'd start by checking blockchain transaction histories, bank statements, wallet addresses, and records from any other exchanges you've used.

The challenge is figuring out what you originally paid for the cryptocurrency. Those records might show your transactions without giving us everything needed to calculate your gains accurately.

𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗖𝗥𝗬𝗣𝗧𝗢 if you're missing crypto records and need to correct a past return. We can review what you still have and go from there.

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

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼 𝗶𝗳 𝗜 𝗹𝗲𝗳𝘁 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗶𝗻𝗰𝗼𝗺𝗲 𝗼𝗳𝗳 𝗮𝗻 𝗼𝗹𝗱 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻?

If you accidentally left out taxable cryptocurrency income, you may be able to correct it by filing an amended return.

The easiest way to start is by figuring out which transactions you missed and which tax years they affect.

However, if you knowingly left income off your return, the situation is more serious. The IRS has a Voluntary Disclosure Practice for cases involving intentional noncompliance.

Regardless of how the income was missed, here's where we'd start:
1. Gather your cryptocurrency transaction records from the years in question.
2. Identify what wasn't reported and calculate how much taxable income was left off each return.
3. Talk more specifically with a tax professional about the appropriate way to correct the issue before filing.

If you're unsure how to handle cryptocurrency income you left off a previous return, send us a message. We can take a look at your situation together.

10/30/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼 𝗶𝗳 𝗜 𝗳𝗼𝗿𝗴𝗼𝘁 𝘁𝗼 𝗿𝗲𝗽𝗼𝗿𝘁 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗽𝗿𝗲𝘃𝗶𝗼𝘂𝘀 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻𝘀?

If you forgot to report some cryptocurrency, start by figuring out which transactions were actually taxable and whether you owe additional taxes.

1. Moving crypto between wallets you own doesn't, by itself, create a taxable sale.
2. Selling cryptocurrency can create a taxable gain or loss.
3. Exchanging one cryptocurrency for another can also create a taxable gain or loss, even if you never received cash.

Once that's clear, you need to determine what's happening with your reporting.

That starts by comparing your exchange and wallet history transactions against your previously filed returns.

If you checked “no” on Form 1040 in a year when you sold or exchanged cryptocurrency when you should have checked "yes," an amended return needs to be filed.

Comment 𝗖𝗥𝗬𝗣𝗧𝗢 if you want help getting your crypto tax situation sorted.

10/29/2026

Types of Prepaid Expenses to Optimize Your Orange County Business's Cash Flow Before Dec 31

Cut your 2026 business taxes before Dec 31. Claim the prepaid expense deduction for tax savings on software, rent, and insurance.

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?

10/28/2026

𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝗿𝗲𝗰𝗼𝗿𝗱 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝘄𝗵𝗲𝗻 𝗜 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗯𝗶𝗹𝗹 𝗼𝗿 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗶𝘀 𝗱𝗼𝗻𝗲?

Whether you record an expense when you pay the bill or when the work is completed depends on whether your business uses cash-basis or accrual accounting. And that timing can change how your financial reports look.

With 𝗰𝗮𝘀𝗵-𝗯𝗮𝘀𝗶𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴, you record income when money comes in and expenses when money goes out.

With 𝗮𝗰𝗰𝗿𝘂𝗮𝗹 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴, you record expenses when they're incurred, even if you pay the bill at a different time.

For example, if you pay a contractor in advance for work they'll complete next year, that payment may appear differently in your books depending on which method you use.

When those costs are being recorded matters. Otherwise, you might have trouble figuring out why one month looks more expensive than another.

𝘞𝘩𝘪𝘤𝘩 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘮𝘦𝘵𝘩𝘰𝘥 𝘥𝘰 𝘺𝘰𝘶 𝘱𝘳𝘦𝘧𝘦𝘳 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴?

10/27/2026

The founder of Ring still puts his personal email address on every product box so he can get real intel from customer emails that land in his inbox.

Talk about a customer care strategy!

The entrepreneur says customer emails give him “ground truth data.” Experts say the tactic only works under one condition.

10/26/2026

𝗖𝗮𝗻 𝗳𝗶𝗹𝗶𝗻𝗴 𝗮𝗻 𝗢𝗳𝗳𝗲𝗿 𝗶𝗻 𝗖𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗴𝗶𝘃𝗲 𝘁𝗵𝗲 𝗜𝗥𝗦 𝗺𝗼𝗿𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗰𝗼𝗹𝗹𝗲𝗰𝘁 𝗺𝘆 𝘁𝗮𝘅 𝗱𝗲𝗯𝘁?

Yes, when you submit an Offer in Compromise and it's pending, the IRS collection clock stops running.

Here's why that matters… The IRS has 10 years from the date your tax debt was assessed to collect it. That deadline is called the Collection Statute Expiration Date (CSED).

But when your settlement offer is pending, that 10-year clock is suspended.

So, if the IRS spends months reviewing your offer and ultimately rejects it, you've extended the amount of time the agency has to pursue collection.

You could also lose money on the application fee and initial payment without getting the debt settled.

If you're considering an Offer in Compromise, reach out before filing. We can review your IRS account history and determine whether an offer makes sense for your situation.

10/23/2026

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗼𝗻𝗲 𝗺𝗼𝗻𝗲𝘆 𝗺𝗼𝘃𝗲 𝘆𝗼𝘂 𝘄𝗶𝘀𝗵 𝘆𝗼𝘂 𝗰𝗼𝘂𝗹𝗱 𝘁𝗮𝗸𝗲 𝗯𝗮𝗰𝗸?

It's probably on this list of spending decisions that haunt Americans long after Halloween.

Many Americans (60%) have spent money on something expensive they later regretted, and a majority with regrets have more than one, according to a new NerdWallet survey.