TART CPA PLLC - Central MS

TART CPA PLLC - Central MS TART CPA, PLLC is licensed in MS and specializes in tax, accounting, and advisory services.

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax ...
01/05/2026

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax move for one business could be costly for another. Before making a change to your existing business structure or choosing one for your new business, contact us at (601) 914-9190. We can help you determine which structure will best support your business and financial goals.

There are many personal rewards for taking care of an elderly relative. You could also be eligible for tax breaks. For e...
01/01/2026

There are many personal rewards for taking care of an elderly relative. You could also be eligible for tax breaks. For example, if the person qualifies as your dependent and you itemize deductions on your return, you can include any medical expenses you incur for him or her along with your own when determining your medical deduction. If you aren’t married, you may qualify for head-of-household status, which has a higher standard deduction and in come cases lower tax rates than single filer status. You may also qualify for the Credit for Other Dependents or the dependent care credit for costs you incur for the individual’s care to enable you (and your spouse, if applicable) to go to work. Contact us at (601) 914-9190 with questions.

Sponsoring a qualified retirement plan is a tried-and-true way to help attract and retain employees. Among the most popu...
12/31/2025

Sponsoring a qualified retirement plan is a tried-and-true way to help attract and retain employees. Among the most popular options is a 401(k). Your business’s contributions are tax deductible, and you may be able to use matching and a vesting schedule to encourage employees to stay with your company. But 401(k)s come in many varieties. Please contact us at (601) 914-9190 for help choosing the right one for your business (or another type of retirement plan).

A revocable trust (sometimes known as a “living trust”) can provide significant benefits. They include the ability to av...
12/29/2025

A revocable trust (sometimes known as a “living trust”) can provide significant benefits. They include the ability to avoid probate for the assets the trust holds and to facilitate the management of your assets in the event you become incapacitated. To obtain these benefits, you must fund the trust by transferring the title of assets to it. Assets not held by your revocable trust may be subject to probate and will be beyond the trustee’s control in the event you become incapacitated. Contact us at (601) 914-9190 with questions about the financial and tax aspects of your estate plan.

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or mo...
12/25/2025

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by Dec. 31: 1) Defer income and accelerate deductions. 2) Harvest investment losses. 3) Donate appreciated stock to qualified charities. 4) Maximize pre-tax and deductible retirement plan contributions, including catch-up contributions if you’re age 50 or older. Some of these strategies will be beneficial only if you itemize deductions. Other factors could make these ideas less beneficial in certain circumstances. Contact us (601) 914-9190 to discuss what makes sense for your situation and more last-minute tax-saving strategies.

Starting in 2025, the cap on state and local tax (SALT) deductions increases from $10,000 ($5,000 for married couples fi...
12/24/2025

Starting in 2025, the cap on state and local tax (SALT) deductions increases from $10,000 ($5,000 for married couples filing separately) to $40,000 ($20,000 for separate filers). If your 2026 property taxes have already been assessed, prepaying them in 2025 could help you maximize your 2025 deduction. But keep in mind that the cap is reduced for taxpayers with modified adjusted gross incomes over $500,000 ($250,000 for separate filers). Let us help you determine how to incorporate the increased SALT deduction limit into your tax planning. Call us at (601) 914-9190.

An unexpected crisis can disrupt even the best-run small to midsize business. And the risk is especially high when the o...
12/23/2025

An unexpected crisis can disrupt even the best-run small to midsize business. And the risk is especially high when the owner solely handles many critical relationships and decisions. That’s why your company needs an emergency succession plan. Its purpose is to clarify responsibilities, preserve operational continuity and reassure key stakeholders in the event of a crisis. The plan should identify an emergency successor; ensure this person has appropriate power and access; document key policies, procedures and systems; and include a strategy for communicating with employees and external stakeholders. Call us at (601) 914-9190 for help developing an emergency succession plan or reviewing an existing one.

Does your business pay independent contractors? A provision in the One Big Beautiful Bill Act, signed into law on July 4...
12/22/2025

Does your business pay independent contractors? A provision in the One Big Beautiful Bill Act, signed into law on July 4, 2025, will reduce your required reporting. Currently, businesses that pay $600 or more for services rendered by a contractor must issue a Form 1099-NEC (Nonemployee Compensation). Beginning with payments made in 2026, the threshold increases to $2,000 and will be adjusted for inflation in subsequent years. This change will simplify compliance and reduce the risk of penalties for missed filings. Contact us at (601) 914-9190 with questions about how to proceed.

If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, n...
12/18/2025

If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to check your balance. FSAs generally require you to use the funds by year end or forfeit them. The 2025 pretax contribution limit to a health care FSA is $3,300. To avoid forfeiting health care FSA funds because of the “use-it-or-lose-it” rule, you must incur eligible medical expenses by the last day of the plan year (Dec. 31 for a calendar year plan), unless the plan allows a grace period or $660 rollover. Dependent care FSAs are also generally subject to a use-it-or-lose-it rule. The pretax 2025 contribution limit is $5,000. Additional rules apply. Call us at (601) 914-9190 with your tax-related questions.

Does your company’s month-end close drag on for days, or even weeks? Speed matters. The longer it takes to post monthly ...
12/17/2025

Does your company’s month-end close drag on for days, or even weeks? Speed matters. The longer it takes to post monthly journal entries, reconcile accounts, prepare internal financial statements and investigate variances, the harder it is to identify and respond to red flags and new business opportunities. These tips can help you close the month quickly. For more ideas on how to streamline your closing process without compromising financial accuracy, call us at (601) 914-9190.

As your small to midsize business grows, handling every operational task in-house can stretch your talent and resources ...
12/16/2025

As your small to midsize business grows, handling every operational task in-house can stretch your talent and resources while unnecessarily elevating certain risks. It may be time to consider outsourcing functions such as accounting and financial reporting, customer service, information technology, and payroll and human resources. Doing so can improve efficiency, strengthen compliance and free up your team to focus on revenue-generating work. Just bear in mind that you’ll need to vet providers thoroughly, incur ongoing engagement costs and put effort into maintaining outsourcing relationships. Contact us at (601) 914-9190 for help evaluating your options and understanding the financial and tax implications.

The One Big Beautiful Bill Act permanently increases the federal gift and estate tax exemption amount to $15 million ($3...
12/15/2025

The One Big Beautiful Bill Act permanently increases the federal gift and estate tax exemption amount to $15 million ($30 million for married couples) beginning in 2026. The amount will continue to be adjusted annually for inflation. The estate tax rate remains at 40%, and the generation-skipping transfer (GST) tax exemption will match the increased estate and gift tax exemption. If your estate exceeds, or is expected to exceed, the exemption amount, implement planning techniques today that can help you reduce or avoid gift and estate taxes in the future. Contact us at (601) 914-9190 for assistance.

Address

3201 Greenfield Road Ste A
Pearl, MS
39208

Opening Hours

Monday 8am - 5am
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+16019149190

Website

https://calendly.com/btart-tartcpa/30min

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