Spates Accounting Services

With Women's Business Centers of Ohio – I just got recognized as one of their top fans! 🎉

The biggest perk of an S Corp? Saving on Self-Employment tax. 💰

The biggest risk? Lowballing your salary.

The IRS is watching to make sure S Corp owners aren't skipping out on payroll taxes by taking everything as a distribution.

The Golden Rule: Pay yourself a "reasonable" salary for the work you do. The rest can be taken as a distribution—saving you 15.3% in taxes on every dollar above your W-2.

Don't let a "red flag" salary ruin your tax savings. Work with a pro to find your number! 📊

Don’t leave your taxes to chance—or leave money on the table. 💸

Tax season is officially here, and the paperwork can pile up fast. Whether you're a small business owner, a freelancer, or a busy professional, we’ve got you covered at every level.

We provide comprehensive filing for:

✅ Federal Returns

✅ State Returns

✅ Local/Municipal Returns

📅 Book your consultation today!

Stop Looking Backwards. Start Leading Forward.
Most small business owners use their financial records for one thing: Tax Day. But if you’re only looking at your books once a year, you’re driving your business while looking in the rearview mirror.

In 2026, let’s move beyond "neat receipts" and start making data-driven decisions. # # # 📈 Our "CEO-Level" Advisory Suite: We don’t just balance your books; we build your future. Here is how we help you scale:

Cash Flow Management: Never play the "can I afford this?" guessing game again. We ensure you have the liquidity to seize opportunities the moment they arise.

Budgeting & Forecasting: We build a roadmap for your growth. Whether you’re planning to hire, expand, or pivot, we’ll model your "what-ifs" before you spend a dime.

Profitability Analysis: Are your most popular services actually your most profitable? We’ll identify your "hidden winners" and cut the dead weight to maximize your bottom line.

Your books shouldn't just be organized—they should be an asset.

📥 YOUR NEW YEAR CHALLENGE:
Stop wondering where your profit went and start telling it where to go.

Ready to transform your finances into a growth engine?

👉 [CLICK THE LINK IN BIO] to book your Free 15-Minute Strategy Audit. Let’s look at your numbers together and find the path to your most profitable year yet!

✨ The EmpowerHer Summit is BACK — Thursday, March 26! ✨

Join us in Portsmouth for a bold day of ideas, inspiring stories, and real connections — created to help you refuel your mind, body, business, and spirit.

Whether you’re a business owner, leader, dreamer, or all-of-the-above… this is your reminder to pause, breathe, and take your next bold step. 💪

🎟️ Space is limited (and tickets sold out last year) — grab yours now + bring a friend! ➜ https://monkeylink.co/a8ae28

Hosted by Portsmouth Area Chamber of Commerce + the WBC of Central Appalachia | Powered by The Scioto Foundation

⚠️ Tax Season Warning: 1099 Penalties are UP. ⚠️

Reporting compliance is stressful enough without the threat of increased IRS penalties. If you are a business owner, you cannot afford to guess on the rules for the 2025 filing season.

Your Pre-Filing Checklist: ◻️ Verify Vendors: Know exactly who needs a 1099 vs. who is exempt. ◻️ Update Forms: Refresh those W-9s and W-8 BENs now. ◻️ Match IDs: Run TIN matching to avoid backup withholding nightmares. ◻️ File Correctly: Ensure you are compliant with electronic filing rules.

Overwhelmed by the tech? We’ve got you covered. SAS can confidently electronically file your 1099s for you. We handle the details so you don't have to worry about the new IRIS system or filing deadlines.

Mistakes happen, but professional help is your best safety net. Don't let compliance anxiety ruin your January! 📉💼

📩 DM us "1099" or visit the link in our bio to let SAS handle your filing this year.

📣 Tax Season 2026 is almost here! Are you ready?

The 2026 filing season is fast approaching, and there are some major changes you need to know about before filing your 2025 return. The IRS has released essential updates to help you prepare.

📋 Key Updates & Action Items:

💻 Create Your Account: Access your IRS Individual Online Account today to manage payments and view your tax info securely 24/7.

🚫 No More Paper Checks: Due to the "Modernizing Payments" executive order, paper refund checks are phasing out. Ensure you have a bank account set up for Direct Deposit to get your refund.

📜 "One, Big, Beautiful Bill" Changes: Review new deductions and credits! Remember, to claim credits for dependents, valid SSNs/ITINs are required by the due date.

👶 New "Trump Accounts": A new savings vehicle for children under 18! A $1,000 pilot contribution is available for eligible U.S. citizens born 2025–2028. Visit trumpaccounts.gov for details.

💼 Gig Economy & Crypto:

Form 1099-K: You'll receive this if your platform payments exceed $20,000 AND 200 transactions.

Digital Assets: Don't forget to answer the digital asset question on Form 1040 and report all crypto/NFT transactions (watch for Form 1099-DA).

👉 Get Ready now: Visit IRS.gov/GetReady for checklists and tools.

Jumpstarting the American Dream Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

2026 Outlook: A Game-Changer for Nonprofit Fundraising
The One Big Beautiful Bill Act (OBBBA) is set to reshape donor behavior starting in 2026. The biggest change? A new charitable deduction for the 91% of taxpayers who don't itemize.
The Breakdown:
• The Benefit: Non-itemizers can deduct up to $1,000 (single) or $2,000 (joint) directly on Form 1040.
• The Impact: Donors can potentially increase giving by ~28% with the same after-tax cost.
This is a massive opportunity to re-engage small and mid-level donors. Is your organization ready to communicate this win?