🚨 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 have 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...

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

Managing finances is a critical part of running a small business. However, many small business owners find bookkeeping to be...

Running a business is hard enough without adding bookkeeping, taxes, and financial planning to your already full plate. Yet for many...

If you’ve ever opened your business bank account and thought: “Where did all the money go?” —you’re not alone. For many service-based...

Swiping the same card for gas, groceries, and business supplies might seem harmless. After all, you’re the owner, and it’s all your...

While many business owners start out managing their own books, there comes a point when DIY bookkeeping becomes more of a burden than a benefit. But how do you know when it’s time to bring in a bookkeeping specialist?

On August 7, 2025, President Donald Trump issued a landmark Executive Order titled  “Democratizing Access to Alternative Assets for...

What Is the SALT Deduction? The  SALT deduction  (State and Local Tax deduction) allows taxpayers to deduct certain state and local taxes...

For many  service-based business owners , the real challenge at tax time isn’t the deadline—it’s realizing how many deductions you forgot...

For many  service-based business owners , running your company is already a family effort. If your spouse helps answer calls, handle...

If you own a  service-based business , you already know that managing bookkeeping, taxes, and payroll can feel overwhelming. But here’s...

Why Bookkeeping Is the Backbone of Every Successful Business

😫 Tired of Taxes? Let’s Change That! 😌 If tax season feels like a never-ending puzzle and you're spending days trying to figure it all out- you’re not alone. But here's the good news: it doesn’t have to be this hard.

The DIY Bookkeeping Dilemma: What Business Owners Must Know Many small business owners start off managing their own finances, thinking...