Quantinuum CPA

10/16/2026

𝗪𝗶𝗹𝗹 𝘁𝗵𝗲 𝗜𝗥𝗦 𝗮𝗰𝗰𝗲𝗽𝘁 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗺𝗼𝘂𝗻𝘁 𝗜 𝗼𝘄𝗲?

Yes, if you qualify for the IRS's Offer in Compromise (OIC) program, you might be able to settle your tax debt for less than the full amount. But getting approved isn't easy.

In 2025, fewer than 1 in 6 Offers in Compromise were accepted.

To determine if you qualify, we would need to review your...
• income
• expenses
• assets
• tax debt
• ability to pay

If these match up, we can help you prepare the required financial documentation and present your case based on the criteria the IRS uses to evaluate offers.

𝗗𝗠 𝘂𝘀 if you have tax debt and want to determine your eligibility for an OIC.

10/15/2026

Quantinuum CPA's Take: How Much Cash Should A Business Have On Hand?

How much cash should a business have on hand? Learn how to calculate 3 to 6 months of fixed overhead while keeping your tax reserves separate.

10/15/2026

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗹𝗼𝗼𝗸 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲 𝘄𝗵𝗲𝗻 𝗺𝘆 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝘀𝗮𝘆𝘀 𝗼𝘁𝗵𝗲𝗿𝘄𝗶𝘀𝗲?

Your business can show a profit on paper even when you haven't actually collected all of that money from your customers.

If you use accrual-basis accounting, revenue gets recorded when you issue an invoice, not when the customer actually pays you.

That means your Profit & Loss statement can include revenue you haven't collected yet.

So you might see a healthy profit number while a chunk of that money is still sitting in Accounts Receivable.

This is why your P&L and bank balance tell you different things about your business.

Your P&L shows financial performance based on your accounting method. Your bank account shows the cash you actually have available.

If there's a big gap between the two, pull your Accounts Receivable aging report and look at how much of your revenue is tied up in unpaid invoices, especially those that are 90+ days past due.

𝘞𝘩𝘦𝘯 𝘸𝘢𝘴 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵 𝘵𝘪𝘮𝘦 𝘺𝘰𝘶 𝘤𝘩𝘦𝘤𝘬𝘦𝘥 𝘩𝘰𝘸 𝘮𝘶𝘤𝘩 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘪𝘴 𝘵𝘪𝘦𝘥 𝘶𝘱 𝘪𝘯 𝘶𝘯𝘱𝘢𝘪𝘥 𝘪𝘯𝘷𝘰𝘪𝘤𝘦𝘴?
DM us if you want clearer visibility into your true cash position.

10/15/2026

𝗜𝘀 𝗶𝘁 𝘁𝗼𝗼 𝗹𝗮𝘁𝗲 𝘁𝗼 𝗴𝗲𝘁 𝗦 𝗰𝗼𝗿𝗽 𝘀𝘁𝗮𝘁𝘂𝘀 𝗶𝗳 𝗜 𝗺𝗶𝘀𝘀𝗲𝗱 𝘁𝗵𝗲 𝗠𝗮𝗿𝗰𝗵 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲?

Not necessarily, and if your business qualifies for late-election relief, the IRS can recognize your election retroactively.

Compare your filings with IRS records, check eligibility, and submit a late election request within 3 years and 75 days.

10/14/2026

𝗖𝗮𝗻 𝗜 𝗹𝗼𝘄𝗲𝗿 𝗺𝘆 𝘁𝗮𝘅𝗲𝘀 𝗯𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗻𝗴 𝘁𝗼 𝗮 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝗻 𝗶𝗳 𝗜'𝗺 𝘀𝗲𝗹𝗳-𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗱?

Yes, a Solo 401(k) or SEP IRA lowers your adjusted gross income. A Solo 401(k) allows employee and employer contributions while a SEP IRA is employer-only but simpler to set up.

These lower income taxes, but not your 15.3% self-employment tax.

10/14/2026

Top financial moves in the last few months of the year...GO

10/13/2026

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘄𝗲 𝘀𝗼 𝗺𝘂𝗰𝗵 𝗶𝗻 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝘁𝗮𝘅𝗲𝘀?

Employment taxes aren't like regular vendor bills. When you run payroll, you're holding federal income tax, Social Security, and Medicare in trust for your employees.

Because that money belongs to the government, the IRS moves fast when deposits are late. Penalties add up. Interest piles on. Even worse, business owners can be held personally responsible for unpaid trust fund taxes, putting your personal assets at risk.

Instead of trying to sort through IRS notices alone, let us handle it. We'll pull your official transcripts and pinpoint exactly which quarters were missed. We'll check if you qualify to get penalties waived, then build a clear plan to resolve the debt and protect your business.

𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗣𝗔𝗬𝗥𝗢𝗟𝗟 if you want us to review your situation privately and help you figure out the next step in handling your payroll tax problem.

10/12/2026

How The Bad Business Debt Deduction Could Lower Your 2026 Cleveland Business Taxes

Learn how to leverage the bad business debt deduction before Dec 31 to turn unpaid invoices into business tax savings.

10/12/2026

Did you know...
• The IRS is navigating “significant workforce reductions”
• Only 21% of calls reached an IRS assistor during the 2026 filing season
• Taxpayers waited an average of 45 minutes just to reach someone on the Installment Agreement/Balance Due line

Before calling the IRS, see if you can find the answer on your IRS Online Account or the "Where's My Refund" tool.

If you do have to call, make sure you have all of the relevant paperwork right in front of you (𝘺𝘰𝘶𝘳 𝘵𝘢𝘹 𝘳𝘦𝘵𝘶𝘳𝘯, 𝘢𝘯𝘺 𝘐𝘙𝘚 𝘯𝘰𝘵𝘪𝘤𝘦𝘴 𝘺𝘰𝘶 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘥, 𝘚𝘚𝘕/𝘐𝘛𝘐𝘕, 𝘢𝘯𝘥 𝘥𝘰𝘤𝘶𝘮𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘵𝘰 𝘺𝘰𝘶𝘳 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯).

Plan to call later in the week. Wait times are typically shorter Wednesday through Friday now that filing season is over.

Your best option, though, is to 𝘩𝘢𝘷𝘦 𝘶𝘴 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦 𝘤𝘢𝘭𝘭 for you.

We have access to practitioner-only IRS support lines and can often get answers and responses much faster.

10/09/2026

𝗪𝗵𝘆 𝗱𝗶𝗱 𝗺𝘆 𝗽𝗮𝘆𝗿𝗼𝗹𝗹 𝘁𝗮𝘅 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗰𝗵𝗮𝗻𝗴𝗲 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗺𝗲 𝗿𝗲𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝗶𝘁?

Your 2026 schedule is based on the payroll tax liability your business reported during an earlier four-quarter period, called the 𝘭𝘰𝘰𝘬𝘣𝘢𝘤𝘬 𝘱𝘦𝘳𝘪𝘰𝘥. For businesses that file Form 941, it runs from July 1, 2024, through June 30, 2025.

To check which schedule applies to you in 2026, add up Line 12 on your Forms 941 for:
• Q3 and Q4 of 2024
• Q1 and Q2 of 2025

If the total is $50,000 or less, you’re generally a monthly depositor. If it’s over $50,000, you’re a semiweekly depositor.

If your schedule changed and you kept depositing on the old one, you may have incurred failure-to-deposit penalties.

Unsure which schedule applies, or already facing a penalty? Message us. We can check your filings and deposits, then review whether penalty relief is available.