JCB Financials

JCB Financials Accountant in Fresno specializing in bookkeeping, payroll, and more 💰

Educator Classroom Expense Deduction – Did You Know?Eligible K-12 teachers, instructors, counselors, principals and aide...
09/01/2026

Educator Classroom Expense Deduction – Did You Know?

Eligible K-12 teachers, instructors, counselors, principals and aides who pay for classroom supplies out of pocket may deduct up to $350 of qualifying expenses per year. Married couples filing jointly who are both eligible educators may deduct up to $350 each, for a combined maximum of $700.

You do not need to itemize deductions to claim this deduction. Be sure to keep receipts and other records for any classroom expenses you plan to deduct.

A look into our world 👀🔍At JCB Financials, we use efficient bookkeeping practices and modern tools to ensure your financ...
08/31/2026

A look into our world 👀🔍

At JCB Financials, we use efficient bookkeeping practices and modern tools to ensure your financial records are accurate, organized, and easy to understand. Having perfect books means you can make informed, sound financial decisions that keep your business running smoothly and set it up for success.

To learn more about our bookkeeping services in Fresno, please contact us today!

Major Higher Education Tax Credits Now Require Valid SSN – Did You Know?The American Opportunity Tax Credit (AOTC) and L...
08/24/2026

Major Higher Education Tax Credits Now Require Valid SSN – Did You Know?

The American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC) help many Americans pay for higher education. For eligible students pursuing a degree or other recognized credential, the AOTC can cover up to $2,500 in tuition, required school fees and certain course materials per year. Meanwhile, the LLC can offset up to $2,000 per tax return for qualified education expenses for eligible students taking higher education courses for a variety of reasons.

Beginning with tax year 2026, the taxpayer claiming either the AOTC or LLC (and spouse, if filing jointly) must have a Social Security number (SSN) valid for work in the United States that was issued before the due date of the tax return, including extensions. If the eligible student is not the person claiming the credit (for example, if the student is that person's dependent or spouse), then the student must also have a valid SSN issued by that deadline. Other qualification requirements, such as income limits, remain in effect. A tax professional can help you determine whether the higher education expenses you pay for yourself, your spouse or a dependent qualify for a tax benefit.

Tax planning isn’t something you should wait until tax season to think about. Most of the moves that will actually lower...
08/24/2026

Tax planning isn’t something you should wait until tax season to think about. Most of the moves that will actually lower your bill happen long before the year ends. Once the year is over, those opportunities are gone. A few strategies worth keeping in mind for this year:

✅ Max out retirement contributions before the end of the year.
✅ Time large or deductible purchases to the year they’ll help you most.
✅ Defer or accelerate income depending on how your year unfolded.
✅ Review your estimated payments and withholding so you’re not blindsided.
✅ Revisit your business structure if your income has changed.

JCB Financials offers tax planning in Fresno that keeps moves like these on your radar all year long, so you don’t find yourself approaching your deadline wishing you had acted sooner.

Contact us to get started on your tax-saving strategies today.

Seasonal Employers - Did You Know?Summer is a peak time for many businesses to hire seasonal employees. In general, the ...
08/18/2026

Seasonal Employers - Did You Know?

Summer is a peak time for many businesses to hire seasonal employees. In general, the same federal tax rules apply to these workers as to permanent staff. Employers typically must withhold federal income tax and F**A (Social Security and Medicare) taxes and pay the employer share of F**A. Employers subject to FUTA must also pay federal unemployment tax on taxable wages.

Seasonal employers often must file Form 941 (Employer's Quarterly Federal Tax Return) for quarters in which they pay wages. However, they generally do not need to file for quarters in which they paid no wages and have no employment tax liability. If this applies, check the "Seasonal Employer" box on every Form 941 you file.

Employment taxes generally must be deposited monthly or semiweekly, based on the applicable lookback period. FUTA follows separate deposit rules and generally must be deposited when accumulated FUTA tax exceeds $500 for a quarter. Federal tax deposits must be made electronically, including through EFTPS.

Want to avoid a major headache at tax time? Start with this checklist!✅ Make sure your bank, credit card, and payment pr...
08/17/2026

Want to avoid a major headache at tax time? Start with this checklist!

✅ Make sure your bank, credit card, and payment processor statements match your books, and confirm that all income and expenses are recorded.
✅ Enter receipts, bills, and recurring charges into your accounting software, ensuring everything is labeled correctly for tax deductions.
✅ Check that all invoices have been sent and collected, and pay any outstanding vendor bills.
✅ Verify that payroll has been processed correctly and record payroll taxes, setting aside money for federal and state obligations.
✅ Based on this month’s profits, set money aside for your upcoming quarterly estimated taxes and adjust accordingly if your income is higher or lower than expected.

Sound like too much to add to your plate? Give JCB Financials a call to get your taxes in order today 📲

Expense Deduction Rules for Personal Property Used for Business – Did You Know?Many self-employed people may qualify to ...
08/11/2026

Expense Deduction Rules for Personal Property Used for Business – Did You Know?

Many self-employed people may qualify to reduce their taxable income by deducting business expenses. In general, you must allocate expenses related to mixed-use property based on your "percentage of business use." But how is this percentage calculated?

For many types of equipment, your business use percentage may be based on a reasonable measure such as time or output. For example, if you use your computer for 30 hours a week in your freelance work and 20 hours a week for personal purposes (total of 50 hours), then your business use percentage would generally be 30/50 = 60%. Meanwhile, if you have a printer and print 400 pages for business reasons and 100 pages for personal reasons (500 pages total), then your business use percentage would typically be 400/500 = 80%. Therefore, you could generally allocate 80% of shared costs like ink and paper to business use.

On the other hand, business percentages for vehicles should be based on mileage, not time. So if you drive your car 4,500 miles this year in the course of your self-employment work, and 10,500 miles for all other purposes (total of 15,000 miles), then your business use percentage would be 4,500/15,000 = 30%. Alternatively, if eligible, you may choose to use the standard mileage rate and calculate your vehicle deduction based on your qualifying business miles instead of deducting your share of actual vehicle expenses. Be sure to keep records that support your business use percentage, such as mileage logs, usage records, or other documentation showing how the property was used for business and personal purposes.

Bookkeeping is the backbone of any financial process. Without meticulous record-keeping, detailed reporting, and expert ...
08/10/2026

Bookkeeping is the backbone of any financial process. Without meticulous record-keeping, detailed reporting, and expert knowledge of compliance requirements, businesses risk making major decisions based on inaccurate, messy data and can face costly errors down the road.

With JCB Financials by your side, you’ll never have to worry about your books again. We specialize in a broad suite of bookkeeping services in Fresno, tailored to your specific needs and designed to ensure your business never moves without data-backed insights again.

New IRS Automatic Exemption from Penalty ProgramBeginning in summer 2026, the IRS is implementing a new system that will...
08/03/2026

New IRS Automatic Exemption from Penalty Program

Beginning in summer 2026, the IRS is implementing a new system that will waive certain failure-to-file, failure-to-pay and failure-to-deposit penalties for eligible taxpayers with a strong compliance history. To qualify for the Automatic Exemption from Penalty (AEP) program, a taxpayer generally must have met all filing and payment deadlines for the previous three years, or 12 consecutive quarters for quarterly filers.

Unlike First Time Abate, eligible taxpayers will not need to request AEP relief. The IRS will apply it automatically and send a notice. For eligible returns due on or after January 1, 2027, AEP will replace First Time Abate, although reasonable-cause relief will remain available.

Not all IRS penalties qualify for automatic relief. For example, information-return penalties and accuracy-related penalties generally will not qualify. AEP applies only to eligible penalties, not to the underlying tax or interest due.

You can fill out your return flawlessly, file right on time, and still overpay. Many individuals don’t know this distinc...
08/03/2026

You can fill out your return flawlessly, file right on time, and still overpay. Many individuals don’t know this distinction: preparation makes sure what you file is accurate; planning shapes what you actually owe before the year is over.

The decisions that move your bill happen long before you even file. It involves how and when you take income, what you put toward retirement, how you time big expenses, and what you set aside, all year long. Fail to plan ahead, and your window to do anything about it closes when the year ends.

At JCB Financials, we offer tax planning in Fresno that helps you make smart decisions all year long so you owe less by the time filing season arrives.

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