Elite Bookkeeping and Accounting LLC

02/17/2026

🎉WE FINALLY HAVE A PHONE NUMBER 🎉270-665-9366

Walk-in hours are from 9:00am - 1:30PM

I will be available by appointment only from 3:00pm - 5:00pm

01/13/2026

Let the fun begin!

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL

01/13/2026

🚗 NEW FOR 2025 TAXES: Auto Loan Interest Deduction

Did you know that starting in 2025, individuals may be able to deduct car loan interest on their personal vehicle? This is a brand-new federal tax break, and it could mean real savings for taxpayers 👇

✅ Who may qualify?
• You purchased a NEW vehicle (not used)
• The vehicle is for personal use (not business)
• The loan was taken out after 12/31/2024
• The vehicle was assembled in the U.S.
• The loan is secured by the vehicle

💰 What’s deductible?
• Up to $10,000 per year in auto loan interest
• Available even if you take the standard deduction (above-the-line!)

⚠️ Income limits apply
• Deduction begins to phase out at higher income levels
• Fully phased out for higher earners

❌ Does NOT apply to:
• Used vehicles
• Leases
• Business vehicles
• Vehicles not assembled in the U.S.

📅 This deduction is currently available for tax years 2025–2028 unless extended.

💡 Planning tip: If you’re considering buying a new car, timing and vehicle eligibility could make a difference at tax time.

01/08/2026

📅 End of Month Reminder for Business Owners!
January’s almost over — and so are some important deadlines.
A few things you should be wrapping up by January 31:

✔️ W-2s must be sent to employees
✔️ 1099-NEC / 1099-MISC must be filed and sent to contractors
✔️ Quarterly payroll reports (if applicable)
✔️ Reconcile December bank & credit card statements
✔️ Update your books for year-end

Missing these can lead to penalties, IRS notices, and unnecessary stress 😬

If you’re feeling behind — you’re not alone, and help is available.
Let’s get you compliant and organized for the year ahead. 💼✨

📩 Message me if you’d like support with your year-end closeout or ongoing bookkeeping.