Matthews Beaty & Company CPAs LLP_

Matthews Beaty & Company CPAs LLP_ Certified Public Accountants Tax, Valuation Services, Forensic Accounting, Bill Paying Services

Looking to reduce your tax bill and benefit a family member? If you have appreciated or dividend-producing investments, ...
10/29/2025

Looking to reduce your tax bill and benefit a family member? If you have appreciated or dividend-producing investments, consider transferring them to an adult child in the 0% long-term capital gains tax bracket. Your son or daughter may be able to sell those assets and pay no federal tax on the gains or receive dividends free of federal tax. This strategy can be powerful, but it comes with some fine print. Let’s talk about how it could work in your situation. Contact us at (318) 798-1880.

For cash-based businesses, meticulous recordkeeping is essential. Because cash transactions are harder to verify, they i...
10/28/2025

For cash-based businesses, meticulous recordkeeping is essential. Because cash transactions are harder to verify, they increase the risk of underreporting income and attracting IRS scrutiny. The IRS closely monitors such businesses, using tools like cash flow analysis, bank deposit comparisons and lifestyle audits to estimate actual income. If discrepancies arise, the IRS may calculate your income based on estimates, potentially resulting in higher taxes than necessary. Contact us for help with your business at (318) 798-1880.

If you have a health care FSA, you may need to use your 2025 balance by Dec. 31 or lose it. But some FSAs offer a 2 1/2-...
10/27/2025

If you have a health care FSA, you may need to use your 2025 balance by Dec. 31 or lose it. But some FSAs offer a 2 1/2-month grace period or let you roll over up to $660 for use in 2026. Check with your employer to see what your FSA allows. We can answer questions about what expenses can be paid or reimbursed by your FSA and help you determine whether there are additional year-end tax planning steps you can take related to health care expenses. Call us at (318) 798-1880.

Individuals with sizable estates can breathe a sigh of relief when it comes to the federal estate tax. Currently, the fe...
10/24/2025

Individuals with sizable estates can breathe a sigh of relief when it comes to the federal estate tax. Currently, the federal gift and estate tax exemption is $13.99 million for individuals ($27.98 million for married couples). This exemption was scheduled to revert to $5 million (plus inflation adjustments) in 2026. But under the One, Big, Beautiful Bill Act, it has been made permanent. For 2026, the exemption will rise to $15 million ($30 million for married couples) and will be adjusted annually for inflation after that. This much-needed certainty provides planning flexibility and enables affluent families to preserve their wealth across generations. Questions? Contact us at (318) 798-1880.

Thinking of buying equipment, vehicles or other fixed assets to claim recently expanded tax breaks? Deducting the full c...
10/22/2025

Thinking of buying equipment, vehicles or other fixed assets to claim recently expanded tax breaks? Deducting the full cost is smart for tax purposes, but different rules apply under accrual-basis accounting. Fixed assets generate revenue for many years, so they should be reported on your balance sheet and gradually depreciated over their useful lives. This matches depreciation (an expense) to the revenue it generates, resulting in consistent, reliable profits on your income statement. Contact us at (318) 798-1880 for help reporting these assets accurately.

Sure, 401(k) plans can help you save for a secure retirement. But they may offer another important benefit — hardship wi...
10/21/2025

Sure, 401(k) plans can help you save for a secure retirement. But they may offer another important benefit — hardship withdrawals. If you need emergency cash for medical bills, tuition or funeral costs (among other eligible expenses), you may be able to withdraw funds from your 401(k) account. Unlike loans, hardship withdrawals don’t have to be repaid. But you'll need to pay income tax and possibly a 10% early withdrawal penalty. Contact us (318) 798-1880 for details.

Accurate financial records are essential for your company’s success. However, many small business owners struggle with a...
10/20/2025

Accurate financial records are essential for your company’s success. However, many small business owners struggle with accounting and bookkeeping tasks. You can count on us to handle these chores for you. Call us at (318) 798-1880 to schedule a consultation.

Being prepared for disasters is always important. But the IRS warns that you should also be on the alert for an uptick i...
10/17/2025

Being prepared for disasters is always important. But the IRS warns that you should also be on the alert for an uptick in scams aimed both at survivors and those who donate to help them. Scammers often sweep in after a disaster to solicit donations. They may pose as employees of federal agencies or legitimate charities. In many cases, they ask for donations by gift cards, cash or wire transfers. Scammers may also set up bogus websites with names similar to real charities and make false claims that your donations are tax-deductible. Contact us at (318) 798-1880 with questions about charitable gifts. Use the IRS's Tax Exempt Organization Search tool to verify a charity’s status and learn more details here: https://bit.ly/4pgYYiS

With the standard deduction permanently doubled, far fewer taxpayers itemize deductions. That means many people won’t be...
10/15/2025

With the standard deduction permanently doubled, far fewer taxpayers itemize deductions. That means many people won’t be able to deduct their 2025 charitable gifts. But starting with cash donations made in 2026, nonitemizers can claim a deduction up to the applicable limit. However, itemizers will face a new adjusted gross income floor on their charitable deductions. If your giving typically exceeds these limits but not your standard deduction, bunching donations into alternating years may offer tax savings. Contact us at (318) 798-1880 to learn more. A proactive review now can help you plan wisely.

If you're in a dispute with the IRS, mediation — also called “alternative dispute resolution” — may be a helpful option....
10/14/2025

If you're in a dispute with the IRS, mediation — also called “alternative dispute resolution” — may be a helpful option. It's a voluntary, nonbinding process that may offer a faster, less stressful way to avoid lengthy appeals or costly court battles. Both parties to mediation can walk away at any time. Mediation is especially useful for taxpayers with limited issues or those seeking quicker resolution during the early stages of an audit. However, it doesn’t replace the audit or collection process and doesn’t allow new evidence. We’re here to discuss this and other options with you at (318) 798-1880.

Sponsoring a qualified retirement plan is a tried-and-true way to help attract and retain employees. Among the most popu...
10/13/2025

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 (318) 798-1880 for help choosing the right one for your business (or another type of retirement plan).

Adopting a child is expensive, but adoptive parents may qualify for a tax break to offset some of the costs. Under the O...
10/10/2025

Adopting a child is expensive, but adoptive parents may qualify for a tax break to offset some of the costs. Under the One, Big, Beautiful Bill Act (OBBBA), the tax break got better for some parents. For 2025, the maximum adoption credit is $17,280 of qualified expenses, with phaseouts for higher-income parents. Under prior law, the credit was nonrefundable, meaning that it was limited to the taxpayer’s federal tax liability. However, under the OBBBA, up to $5,000 of the adoption credit is refundable, starting in 2025. After 2025, the refundable amount will be indexed for inflation. Any nonrefundable amount can be carried forward. There may also be state tax benefits. Questions? Contact us at (318) 798-1880.

Address

8585 Business Park Drive
Shreveport, LA
71105

Opening Hours

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

Telephone

+13187981880

Website

Alerts

Be the first to know and let us send you an email when Matthews Beaty & Company CPAs LLP_ posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Matthews Beaty & Company CPAs LLP_:

Shortcuts

Share

Category