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The IRS has shut down its Direct File program, citing high costs and low use. Learn what this means for Florida small business owners and how Belshaw Accounting can help.

🚨 Billions of New 1099s Are Coming — Here’s What You Need to Know About the 1099-DA🚨 Major Shift Is Coming for Crypto Investors and Taxpayers With the next tax season  rapidly approaching, the IRS is preparing to roll out one of the biggest reporting changes in decades.Starting January 2026 , the Internal Revenue Service (IRS)  will begin requiring Form 1099-DA  for digital asset transactions   and estimates suggest that up to 8 billion  of these forms will be issued.Yes, y

In today's dynamic financial environment, having a dependable accountant is important for both individuals and businesses. Belshaw Accounting distinguishes itself as a trusted partner, providing various services tailored to meet diverse financial needs. In this post, we will uncover the key services offered by Belshaw Accounting and illustrate how these can benefit you and your business. Essential Services Offered by Belshaw Accounting Belshaw Accounting provides a spect

The Internal Revenue Service (IRS) has announced a significant update that will change how taxpayers receive their tax refunds. Starting in 2025, the IRS will phase out paper tax refund checks for individual taxpayers. This initiative aims to modernize the tax system and enhance the security of tax refunds. Let’s explore the implications of this change, how it affects taxpayers, and the steps you can take to receive your refund securely and efficiently. A tax refund check res

As the year comes to a close, small business owners face a critical task: closing their books accurately and efficiently. Year-end accounting is not merely a formality; it ensures your financial records are in shape before tax season. By taking a structured and organized approach, you can streamline this process and pave the way for a prosperous year ahead. This guide outlines essential steps in year-end accounting, highlighting the significance of precise financial reporting

By Belshaw Accounting Tax & Advisory Services LLC Be Prepared and Stay Ahead This Tax Season As tax season approaches, being organized can save you time , money , and unnecessary stress . Walking into your accountant’s office with the right reports not only speeds up the process. It also ensures your return is accurate, optimized, and free of last-minute surprises. If you’re a small business owner , freelancer , or S corporation shareholder , there are two essential finan

Two things tend to make people nervous: 😱 IRS audits 🤖 Artificial Intelligence And now… they’ve joined forces. For decades, the IRS has used something called the DIF (Discriminant Index Function) . Every tax return gets a DIF score — and the higher your score, the higher your chance of being audited. DIF compares your numbers to the “norms” for taxpayers like you. In many ways, that was the IRS’s first version of AI — a rules-based system built on patterns and probabilities

When Congress names a bill “One Big Beautiful Bill,” you know it’s going to make waves. Officially passed in 2025, this sweeping...