AllenMitchell, LLP

One of a kind CPA firm providing top notch tax, bookkeeping and payroll services at affordable prices in the Washington, Mt. Pleasant and Kalona Communities.

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Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time. Learn how to fine-tune it. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses. A cost segregation study can uncover tax savings hidden in plain sight. Visit us at https://t.co/cT9teIfG4a for the article.

[AllenMitchell, LLP @AMTaxGuys]

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can help manage risk and achieve your goals. See some tips for tax-smart rebalancing at https://t.co/9G8zDIz48T

[AllenMitchell, LLP @AMTaxGuys]

C corporation shareholders usually owe tax on gains from selling stock. But with qualified small business (QSB) stock, owners hold the key to a potential gain exclusion. Is this strategy right for your business? Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

To minimize potential interest and penalties and maximize tax-saving opportunities, look beyond April 15 to the tax-related deadlines you may face for the rest of 2026. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is considered passive under the IRS’s passive activity loss rules. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

There are a few more things to do once you’ve filed your 2025 income tax return …visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify — or aren’t sure where to start. Visit us at https://t.co/9G8zDIz48T to learn how the credit works and what to consider.

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The circumstances when individual taxpayers can deduct vehicle-related expenses are limited, but tax-saving opportunities are available. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

How you move money into your C corporation today can shape your tax outcomes tomorrow. Here’s why making bona fide loans to your business can be a tax-smart move. Visit us at https://t.co/9G8zDIz48T for more information.

[AllenMitchell, LLP @AMTaxGuys]

Making a 2025 IRA contribution can provide tax savings today or when you take distributions in retirement. And you can benefit from tax-deferred or tax-free compounding. But the contribution deadline is coming up soon. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

It might not be too late for you to claim clean energy tax credits — if you made eligible purchases or investments last year. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

Expenses related to animals that protect business property or inventory may qualify for tax deductions. But the IRS draws a clear line between a working animal and a household pet. Learn the tax rules and required documentation at https://t.co/9G8zDIz48T.

[AllenMitchell, LLP @AMTaxGuys]

Depending on your situation, you may have more to do by April 15 than file your Form 1040. What you do — or don’t do — by that date could either save you or cost you taxes, interest and penalties. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

Grace periods for calendar-year flexible spending accounts (FSAs) are ending soon. If employees haven’t spent their 2025 FSA balances, unused amounts may revert to the employer. Visit us at https://t.co/9G8zDIz48T to see what IRS rules allow your business to do.

[AllenMitchell, LLP @AMTaxGuys]

The rules for interest expense deductions for individual taxpayers are complex. Find out what you might be able to deduct on your 2025 income tax return. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025. Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

Child, dependent, adoption and education tax credits can provide significant tax savings, but various rules and income-based limits apply. Which credits might you be eligible for on your 2025 return? Visit us at https://t.co/9G8zDIz48T for the article.

[AllenMitchell, LLP @AMTaxGuys]

If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes. Visit us at https://t.co/9G8zDIz48T for the article.