Lighthammer Bookkeeping Services

06/22/2026

Need summer child care while school is out? Learn which child care expenses may qualify for valuable tax benefits for working parents.

06/18/2026

Launching July 4: Trump Accounts give eligible newborns (2025–2028) a $1,000 seed—but ID checks and paperwork can delay activation. Filed Form 4547 with your 2025 return? You may be fast-tracked. Learn the $5k cap, gift-tax gotchas, and who can open an account. Check it out.

Prepare for the July 4 Trump Accounts launch. Learn about the $1,000 seed, Form 4547 benefits, and gift-tax filing requirements for child savings.

06/16/2026

Thinking of turning a rental into your home? Great way to unlock equity — but beware: depreciation gets “recaptured” (and taxed), and time rented after 2008 can make part of your gain non‑excludable. Don’t get a surprise bill — find out how to plan ahead.

Learn how depreciation recapture and nonqualified use rules impact your taxes when converting a rental property into your home before selling.

06/15/2026

Surrendering, selling, or transferring a life insurance policy can lead to different tax implications. Watch this video for a brief overview.

06/10/2026

A lot of business owners treat their business savings account like a personal ATM.

I had a conversation with a client this week who was doing exactly that.

Transfers were moving back and forth between his business's savings and checking accounts, blurring the line between sales revenue and owner's draws.

This is one of the most common bookkeeping traps I see. When you mix personal and business funds, you lose visibility into your actual cash flow. You also create a nightmare for tax season.

We're currently walking this client through an S-Corp conversion.
Instead of random draws, he'll be on a proper W-2 payroll. He gets a predictable income, and his business gets clean, compliant books.

If your business structure hasn't evolved since your first year in operation, you might be outgrowing your tax strategy.

Are you still taking random draws, or have you structured your compensation? Talk to us to learn more in a free 30-minute consultation.

Call now to connect with business.

06/08/2026

Taxpayers with deferred capital gains in Qualified Opportunity Funds should prepare now for the potential tax liability due in 2026 and explore available tax-saving strategies.

06/01/2026

If your withholding is insufficient or you receive income without tax withholding, you may need to make an estimated tax payment by June 15.

06/01/2026

Tired of bookkeeping holding your portfolio back? Property-focused accounting turns messy books into deal-making power — cleaner payroll, fewer tax surprises, and smarter depreciation that can boost cash flow. One cleanup even unlocked refinance-ready statements. Check it out.

Specialized bookkeeping, payroll & tax solutions for real estate investors and realtors. CPA quality, tailored for your industry. Level up your business!

05/26/2026

If you've found yourself in a situation where you've repaid income that you initially reported as taxable in a prior year, you might be eligible for tax relief through the Claim of Right doctrine.

05/18/2026

The combination of HSAs and HDHPs can be a good option to empower consumers with greater control over their healthcare spending with tax advantages.